What is the Homestead Exemption in Arizona? Typically people filing for bankruptcy know that they will have to liquidate all of their valuable assets. This situation leads many homeowners to struggle and not declare bankruptcy when they should because they don’t want to lose their homes. The question is, can homeowners protect their homes during […]
ARIZONA BANKRUPTCY EXEMPT PROPERTY PART THREE Part three of the Arizona exemptions take us to property that is used mainly in businesses. These are exemptions to help protect places like schools, fire stations, public offices (courts, jails, etc.), and places that use heavier equipment to protect some of their assets. This also includes the wages […]
What Assets Can I Keep in an Arizona Bankruptcy? Part of the bankruptcy procedures include exemptions that the courts allow bankruptcy filers to claim when they file their bankruptcy. Unfortunately, there is still a chance that some of your household items will end up sold, depending on the type of bankruptcy you file. To understand […]
ARIZONA BANKRUPTCY EXEMPTIONS LIST PART TWO: MONEY, BENEFITS, AND PROCEEDS When you are filing Chapter 7 bankruptcy, the idea of the trustee that is appointed to your case ceasing your personal assets can be devastating. It is important to make sure that you are looking into every possibility when it comes to finding exemptions. This […]
ARIZONA BANKRUPTCY EXEMPTIONS PART ONE: HOMESTEAD AND PERSONAL PROPERTY When you file for chapter 7 bankruptcy, you are asking the court to discharge your unsecured debts. Once you decide to file for bankruptcy, your life and finances will be put under a microscope. If you file in Arizona, you relinquish your right to use federal […]