The Repercussions of Committing Bankruptcy Fraud in Arizona Bankruptcy filings in Arizona come with certain responsibilities for the debtor. Any attempt to a�?cheat the systema�? could potentially result in bankruptcy fraud charges. Just like all other states, Arizona has specific sanctions for the individuals who knowingly or unknowingly commit bankruptcy fraud in Arizona. Activities that […]
What Happens If You Fail the Bankruptcy Means Test? The means test is an important preliminary step that anyone interested in a Chapter 7 bankruptcy will have to pass through. Chapter 7 bankruptcy is only going to be granted to individuals that have an income below the median income for the state.A�As of the end […]
Arizona Bankruptcies and Credit Card Debt Credit card debt is a common reason for people to pursue bankruptcy. According to a 2017 report by WalletHub, Americans have accumulated more than one trillion dollars in credit card debt. The individual US family owes an average of 8,377 dollars a�� an increase of six percent on an […]
What will Happen to Your Car in an Arizona Bankruptcy? One of the biggest concerns that people have when filing for bankruptcy is whether theya��ll get to keep important personal belongings. The car is one of those. Ita��s certainly important to understand all aspects of an Arizona bankruptcy before filing. You will be entitled to […]
Everything You Need to Know about Taxes and Bankruptcy in Arizona Anyone who is facing extensive debt considers bankruptcy as a viable solution. Filing for bankruptcy in Arizona allows for discharging debt or benefiting from a less strenuous repayment plan. Before filing for bankruptcy, however, ita��s important to consult an attorney and discuss issues on […]
How Much Debt should You have to File Bankruptcy in Arizona? How much debt should you have to file bankruptcy in Arizona? Is this the best option for you? These are probably the most common questions that people who experience financial difficulties ask themselves.A�Apart from the personal and practical considerations, there are a few legal […]
Transferring Property Prior to Arizona Bankruptcy: Is This a Good Idea? When filing for bankruptcy, you may have to surrender certain assets and valuables. As a result, youa��re probably considering the transfer or a�?salea�? of such items to someone you know. Eventually, you will regain possession after the bankruptcy. Is suchA�transferring property prior to Arizona […]
What is the Cost of Filing for Bankruptcy in Arizona? Filing for a bankruptcy in Arizona is far from a free of charge process. Depending on the type of bankruptcy that youa��re filing for and the professionals you hire to assist you, chances are that you will need to prepare for some fees.A�There are differences […]
How a Bankruptcy will Affect Your Divorce Proceedings in Arizona Many people wonder whether they should file for bankruptcy before getting a divorce or after finalizing the proceedings. The answer to this question depends on many factors and a consultation with an experienced attorney will usually shed some light on the best course of action. […]
The Most Important Arizona Bankruptcy Exemptions Bankruptcy exemptions in Arizona play a role in both Chapter 7 and Chapter 13 bankruptcy. Through these exemptions, you can protect some of your property because a debtor will be free from having to turn said property to a bankruptcy trustee. Let us see what are the most important […]