According to the United States Bankruptcy Court, more than 25,000 people filed for bankruptcy across Arizona in 2016 alone. Many people who choose bankruptcy, Chapter 7 or Chapter 13, make unnecessary mistakes or do not understand the process itself. Bankruptcy in Arizona does not need to be a confusing or frightening process, especially with the right bankruptcy lawyers on your side.
What is...Read More
Filing for bankruptcy is a difficult decision. Chances are, you haven’t considered it lightly. You likely want to get it over and done with, but far too many people approach chapter 7 or chapter 13 bankruptcy too hastily. Investing in an experienced bankruptcy attorney is a must. It can help you save more in the long run and assist in making the right decisions during financial recovery....Read More
When filing for bankruptcy, is filing single or with my spouse smarter?
If you are married and considering filing for bankruptcy, you need to stop what you’re doing and make an appointment with a bankruptcy attorney. The next decision you make will affect you, your spouse and the rest of your family. There is no universal right or wrong answer for whether you should file single or with...Read More
Filing for bankruptcy is a big decision that can change your life and set you on the path to financial success. However, just because you’re currently struggling with finances doesn’t mean bankruptcy is necessarily the answer. Here are several ways to decide whether bankruptcy is right for you. Always consult a bankruptcy attorney in Arizona before moving forward. An experienced...Read More
If you’re considering bankruptcy, you know the constant hassle of debt collectors. They contact you at all hours of the day, change phone numbers and mail letters constantly. They might even show up at your door. It may seem like there’s nothing you can do, but you have rights. The Fair Debt Collection Practices Act defines your rights, and disregard for debtors’ rights is illegal....Read More
Facing a personal bankruptcy can feel like the end of the road for your financial freedom. However, this simply isn’t the case. You can bounce back from a bankruptcy just like many others have in the past.
Prime example: Four of United States President Donald Trump’s corporations filed for Chapter 11 Bankruptcy. Indeed, you’ll find filing for bankruptcy isn’t all too uncommon,...Read More
When it comes to tax season, finding all available tax credits is important as it can either save you money on what you owe, or increase the amount of money on your refund. If you have filed for bankruptcy, you’ll need to include this information on your tax return, regardless of whether it is Chapter 7 or Chapter 13. While your bankruptcy attorney in Arizona can assist with bankruptcy...Read More
Filing for bankruptcy isn’t the end of the road for your finances. It simply marks a new beginning. A fresh start. Yes, it does take some time to recover from bankruptcy, but as long as you practice caution and follow these five steps, you’ll find yourself well on your way to financial freedom and success.
1. Identify The Cause(s)
While taking advantage of a bankruptcy lawyer can...Read More
Filing for bankruptcy is a complex process — you have to think about every aspect of your finances and how it could be affected by filing. Many people wonder how their tax refunds will be affected by filing for bankruptcy. It all depends on when the tax return is issued.
Typically a tax refund will be considered an asset during a Chapter 7 bankruptcy filing if you are entitled to receive the...Read More
If you are looking for a mortgage foreclosure defense, working with a bankruptcy lawyer in Glendale, AZ might make all the difference and possibly even allow you to keep your home. A foreclosure of mortgage can be incredibly stressful for any homeowner, especially when you are already under financial strain. The thought of losing one’s home is often enough to make people take action.
What is an IRS levy and how can you stop it? An IRS levy occurs when an asset is seized to pay off your tax debts to the IRS. This levy from the IRS is a legal seizure, and different from a lien in that it is an actual seizure, not just a claim.
The IRS levy can only take place under proper circumstances and process. The IRS must assess the tax you owe, which then must fall into default. If...Read More
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