bankruptcy consequences Archives - My AZ Legal Team

What Happens to Cosigners in Bankruptcy?

What Happens to Cosigners in Bankruptcy? Getting loans when your finances arena��t in perfect order can be challenging. This is why various financial institutions ask for a cosigner. Cosigners are usually individuals that have solid finances because they are the ones who will be responsible for the loan whenever the debtor cannot make payments.A�So far, […]

The Repercussions of Committing Bankruptcy Fraud in Arizona

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 […]

Bankruptcy and How It Affects Family Life

It is not a secret – declaring bankruptcy is a tough decision and comes with its own set of long-term consequences. However, if a Chapter 7 or a Chapter 13 bankruptcy is your only way to dig yourself out of the mounting debt. It can be difficult to cope with the tangles of declaring bankruptcy […]