If you currently find yourself struggling with debt and are considering Chapter 13 Bankruptcy protection, you may want to hold off. While Chapter 13 may be right for you, looking into all possible avenues is important. A bankruptcy stays on your credit report for years and makes it difficult to secure additional lines of credit, so if at all possible, using another option is typically...Read More
Whether departments within a company or outsourced collection agencies, debt collectors use any means they can to track you down and seek out repayment. These days, that includes social media channels. As a debtor, you have rights. Regardless of how creditors contact you, the law prohibits collectors from harassing debtors and making false statements concerning debt, among other behaviors....Read More
Will 2018 be the year that you finally take control of your finances and take the steps you need to get out of debt? Even if you have the best intentions, this can be a difficult task. In fact, a recent study showed that almost two-thirds of Americans are incapable of passing a basic financial literacy test and that number is growing, year after year. If you have difficulty with your finances,...Read More
The purpose of the bankruptcy means test is to determine if your income level is low enough for you to file for Chapter 7 debt relief, or if you can file a Chapter 13 bankruptcy with less than a five-year repayment plan. If your income is above the median family income, you may not be able to file a Chapter 7 bankruptcy.
Ideally, this law prevents people from skipping out on paying debts when...Read More
You know you need to file for bankruptcy, but you are not sure what steps to take after that initial decision. How do you get from the starting point to the end, with all applicable debts discharged so you can start over with a clean slate? Many people have questions about bankruptcy, from “how long does bankruptcy take” to “what can I expect from life after bankruptcy?”
The process of...Read More
Whenever someone files for Chapter 7 or Chapter 13 bankruptcy, they are supposed to do so in good faith. A bad faith filing means they did something to abuse the system. Your bankruptcy lawyer in Phoenix, AZ will work with you to ensure that you follow all of the rules and do everything in good faith.
Unfortunately, it appears that some Chapter 7 trustees and their attorneys are targeting...Read More