Monthly Archives: October 2012

Will Someone Please Explain Why AZ’s Sales Taxes Are So High?

What need can possibly justify Arizona’s ranking as the state with the second highest sales tax burden in the nation?   According to the Tax Foundation organization’s July report on State and Local Sales Taxes at Midyear 2012, Arizona’s combined state and local sales tax (2.52% avg.) tips the scales at 9.12%, second only to Tennessee’s 9.43%.   Our very own Tuba City has the highest total sales tax rate in the nation with an incredible 13.725% (that’s [...]

By |2012-10-22T11:47:38+00:00October 22nd, 2012|Categories: Uncategorized|Comments Off on Will Someone Please Explain Why AZ’s Sales Taxes Are So High?

Marginal Successes, Revised Expectations, Broken Promises – A Presidency in Review Part 4

No Increased Claim Limits on Unpaid Wages & Benefits in Business Bankruptcy By Lawrence ‘D’ Zolman, Arizona Bankruptcy Lawyer As we discussed in Part 3, there were two essential ingredients to candidate Obama’s promise for pro-worker bankruptcy reform. The second prong of Obama’s promised bankruptcy reform would allow employee-creditors to petition the bankruptcy court to recover larger portions of their unpaid wages and benefits from a bankrupt employer. This would result in giving employee-creditors greater priority as against [...]

By |2012-10-18T16:14:02+00:00October 18th, 2012|Categories: Uncategorized|Comments Off on Marginal Successes, Revised Expectations, Broken Promises – A Presidency in Review Part 4

Marginal Successes, Revised Expectations, Broken Promises – A Presidency in Review Part 3

No New Bankruptcy Protections for Workers and Retirees By Arizona Attorney Lawrence ‘D’ Zolman While on the campaign trail, presidential candidate Barack Obama promised to protect the wages, pensions, and benefits of employees and retirees who became creditors of bankrupt employer-corporations. There were two essential prongs to Obama’s campaign promise of corporate bankruptcy reform. First, bankrupt corporations would be prevented from doling out executive bonuses while wages went unpaid and retired worker pensions vaporized. Second, employee-creditors would be [...]

By |2012-10-12T09:34:02+00:00October 12th, 2012|Categories: Social Security Disability|Comments Off on Marginal Successes, Revised Expectations, Broken Promises – A Presidency in Review Part 3

Arizona Bankruptcy Stats – New Filings Down In Phoenix

Arizona bankruptcy filings of new Chapter 7 liquidations, Chapter 11 reorganizations, and Chapter 13 repayment plans are down from a year ago in all three court locations – in Phoenix, Tucson, and Yuma. I decided to take a look at the frequency of new bankruptcy filings in Phoenix, Arizona, to determine whether there are any notable trends worth reporting. The following statistics were compiled by the U.S. Bankruptcy Court, District of Arizona, and are accurate through September, marking [...]

By |2012-10-08T15:00:09+00:00October 8th, 2012|Categories: Uncategorized|Comments Off on Arizona Bankruptcy Stats – New Filings Down In Phoenix

Marginal Successes, Revised Expectations, Broken Promises – A Presidency in Review Part 2

Obama Signed Credit Card Reform Legislation into Law While campaigning, Obama promised to make credit card reforms to provide greater consumer protections for Americans, and he came through on this promise. The Credit Card Accountability Responsibility and Disclosure Act– the Credit CARD Act of 2009 – was signed into law on May 22, 2009. Pub.L. 111-24, 123 Stat. 1734. The Credit CARD Act, which went into effect on February 22, 2010, made long overdue amendments to the Truth [...]

By |2012-10-03T11:19:11+00:00October 3rd, 2012|Categories: Uncategorized|Comments Off on Marginal Successes, Revised Expectations, Broken Promises – A Presidency in Review Part 2

No Fear! AZ Exemptions in October Bankruptcy Newsletter 2012

Halloween is the scariest time of year, but Arizona’s property exemptions can take the fear out of Chapter 7 liquidation bankruptcy. That’s our lead story in the Zolman Law’s Arizona Bankruptcy Newsletter, October 2012. While your kids are picking out their favorite pumpkin, grab a cup of hot mulled-cider and read what’s new in the world of bankruptcy, foreclosure, and tax problem resolution. They Can’t Take That! AZ’s Chapter 7 Bankruptcy Exemptions Did you know that Arizona’s statutory [...]

By |2012-10-01T12:00:01+00:00October 1st, 2012|Categories: Bankruptcy|Comments Off on No Fear! AZ Exemptions in October Bankruptcy Newsletter 2012