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
If you’re thinking about filing for bankruptcy in Arizona and have done so before, you might be wondering, can you file bankruptcy twice? Many people in dire financial straits find themselves wondering, can you file bankruptcy twice, worrying that they are stuck in a bad situation without a chance for a clean slate.
Filing for bankruptcy in Arizona twice is possible, but there are strict...Read More
What is bankruptcy, and how can it affect your financial future? If you’re a 20-something, filing for bankruptcy in Arizona may be far from your mind, but it’s important to make financially healthy decisions to avoid getting into this situation in the future. Here are a few tips for how to avoid bankruptcy.
1. What is Bankruptcy? – Knowledge is Power!
As a 20-something you should understand...Read More
Bankruptcy laws in Arizona can be confusing, especially if you are just learning about Chapter 7 bankruptcy for the first time. Being overwhelmed is common, but it is important to have a good understanding of bankruptcy laws in Arizona, including bankruptcy exemptions, if you are considering filing.
When you think about filing for bankruptcy you may imagine having to start over completely,...Read More