Eliminating tax debt through a bankruptcy filing sounds ideal to a lot of people struggling with their finances. Bankruptcy laws in Arizona allow for some types of tax debt to be discharged, but not all. If you find that your tax debt is not dischargeable, do not despair. You still have options.
When you file for bankruptcy, even if your goal is not eliminating tax debt, you will have an...Read More
Through wage garnishment laws in Arizona, it is possible to lose up to a quarter of your net pay during each pay period, used to pay back a creditor until the payment is complete. For people who are already feeling financially precarious, the prospect of this can be quite scary!
It is important that creditors follow wage garnishment laws properly if this is the process they choose to use....Read More
Car repo laws govern the vehicle repossession process, meaning there is a specific set of rules protecting you in the event of car repossession.
Car repossession usually takes place when you have financed a vehicle and fallen behind on payments or otherwise have not appropriately paid off the property. A bank or other creditor lends you the funds for the car, so if you do not make the right...Read More
Will a bankruptcy discharge include your IRS tax debts? It can certainly help!
When you file for bankruptcy, an automatic stay takes place, preventing your creditors from collecting on debts, including tax debts. This will, at least temporarily, prevent the IRS from collecting from you. However, the end result varies, depending on the type of bankruptcy filed.
Not all tax debts are able to be...Read More
Mortgage foreclosure is something that is happening very frequently these days as homeowners struggle with worsening financial strain. Between sky high medical bills, a shaky job market, crushing debts, and a cost of living that goes up as wages stay the same, it is little wonder people are looking for ways to stop foreclosure.
A good mortgage foreclosure defense is one that works for you, and...Read More
Are you worried about getting your vehicle repossessed? Many repossession agents work under the knowledge that the people they are dealing with might not know everything there is to know about the vehicle repossession process. If you think you might be at risk of having your vehicle repossessed it is important to understand the ins and outs of auto repossession, so you can protect your rights...Read More
What is an IRS Levy?
If you owe the IRS money, you will quickly find out what an IRS levy is, but for those who have not experienced this situation, an IRS levy comes about when the IRS garnishes one’s wages to collect tax debt. This is usually something that happens after various other forms of debt repayment are suggested — the next solution the IRS will hand out is jail, so know that an IRS...Read More
In Arizona, mortgage foreclosure statistics show that homeowners in the state are close to national averages. According to RealtyTrac, which tracks housing statistics, one in every 1591 houses in Arizona is involved in mortgage foreclosure.
While nobody wants to see other people dealing with troubles, knowing that you are not the only one facing mortgage foreclosure is helpful in feeling less...Read More
Car repo is a scary thought for people who have financed their vehicles. The vehicle repossession process can ruin your credit and, of course, leave you without a car. Car repo begins when you are late on a payment, at which point your lender can accelerate your loan, meaning you now owe them the entire amount of the loan, within a very short timeframe. If you are unable to pay off the loan or...Read More
What is bankruptcy, and how can it impact you? If you are dealing with a complicated financial situation you may be struggling with questions like, should I file bankruptcy, and what are the pros and cons of bankruptcy? The subject can be confusing and scary, but if bankruptcy may be in your future it is important to understand Arizona’s bankruptcy laws.
What Is Bankruptcy?
In Arizona, you...Read More
When you’re filing for bankruptcy in Arizona, you have two choices – Chapter 7 bankruptcy, or another type of bankruptcy, Chapter 13. There are pros and cons to each type. Here’s how to determine if Chapter 13 bankruptcy is good for you, based on the pros and cons.
Chapter 13 Bankruptcy Explained
Chapter 13 bankruptcy warrants some explanation. Understanding this type of bankruptcy can help...Read More
When you are filing for bankruptcy in Arizona it is easy to get impatient – how long does bankruptcy take, really? For those eager to get a fresh start and put the past behind them, any amount of time can feel too long. It’s important to understand how long bankruptcy takes, so you can have realistic expectations and make plans for the future.
Chapter 7 bankruptcy typically follows a similar...Read More