The Hidden Price You Pay When You Try To File On Your Own

[Editor's Note: This is Part Two of a three-part series. Be sure to read Part One here.] Bankruptcy is stressful. It is extremely emotional, and it is easy to underestimate the intensity of the pressures. I have seen people break down and cry in front of the bankruptcy trustee. I’ve seen people make mistakes on a form which means the court refuses to let the bankruptcy filing move forward. These people are sent back to square one. They [...]

By |2020-05-22T13:51:13+00:00April 18th, 2020|Categories: Bankruptcy|Comments Off on The Hidden Price You Pay When You Try To File On Your Own

Bankruptcy: Non-Dischargeable Debt

When debtors file for bankruptcy under Chapter 7 or Chapter 13, the goal is to get a discharge of their debts. Once the bankruptcy court discharges debts in a bankruptcy case, the filer is no longer to be held liable for them. The majority of consumer debt like credit card debt and medical bills can be discharged. Nonetheless, there are certain debts that are inherently non-dischargeable. This means that these cannot be wiped out by the bankruptcy process. [...]

By |2020-04-03T13:20:28+00:00April 3rd, 2020|Categories: Bankruptcy|Comments Off on Bankruptcy: Non-Dischargeable Debt

Bankruptcy Information to Collect

If your financial problems are driving you to petition for bankruptcy in order to get out of debt, you need to first take a couple of steps before filing bankruptcy. A bankruptcy petition requires that you figure out your financial situation to know what to put on bankruptcy forms as well as what to tell your bankruptcy lawyer if you’re getting legal help from one. Unfortunately, many bankruptcy lawyers are approached by potential filers who have no idea how [...]

By |2020-03-23T07:16:13+00:00March 23rd, 2020|Categories: Bankruptcy|Comments Off on Bankruptcy Information to Collect

Arizona Bankruptcy in a Nutshell

You may have heard claims from credit card companies that people only go bankrupt when they lose control over their spending and end up misusing their credit cards. This is absolutely false. Bankruptcy lawyers can tell you that many people have filed bankruptcy cases with bankruptcy courts for reasons other than overspending. Debtors come from all walks of life and have filed bankruptcy for various financial problems. Many people who find themselves in debt file for bankruptcy because [...]

By |2020-02-26T09:26:12+00:00February 26th, 2020|Categories: Bankruptcy|Comments Off on Arizona Bankruptcy in a Nutshell

How to Prepare for Bankruptcy in Arizona

Many debtors rely on the bankruptcy protection granted filers when they petition for bankruptcy. They look forward to the automatic stay, an injunction that’s put in place allowing them to protect their assets from the debt collection activities of their creditors and other collection agencies. There are ways to prepare for the bankruptcy process so that you get to spare your finances as much as possible. When you decide to file a bankruptcy petition, make sure you take [...]

By |2020-02-04T09:39:12+00:00February 4th, 2020|Categories: Bankruptcy|Comments Off on How to Prepare for Bankruptcy in Arizona

Automatic Stay in Arizona Bankruptcy

What is an automatic stay? It is an injunction that takes effect when you file any of these types of bankruptcy: Chapter 7, Chapter 11, or Chapter 13. Debtors can count on it to protect them from being hounded by creditors and collection agencies. If you filed for bankruptcy, this means that your creditors must stop their collection efforts. It means that they may no longer call you or send you correspondence with the purpose of collecting from [...]

By |2019-12-21T10:33:23+00:00December 21st, 2019|Categories: Bankruptcy|Comments Off on Automatic Stay in Arizona Bankruptcy

Bankruptcy Exemptions in Arizona

Are financial problems driving you to file for bankruptcy? It can very well be the solution to your situation, but you need to make sure that you go through the bankruptcy process, ensuring the best possible outcome for you. Choose to file under a bankruptcy chapter that will allow you to keep important assets through exemptions. When it comes to personal bankruptcy, Chapters 7 and 13 are the most common choices. Both allow debtors to exempt certain assets [...]

By |2019-12-07T07:02:45+00:00December 7th, 2019|Categories: Bankruptcy|Comments Off on Bankruptcy Exemptions in Arizona

What Can a Bankruptcy Attorney Do for You?

If you’re planning to file for bankruptcy, but are unsure about hiring the legal services of a bankruptcy attorney, read on to find out which bankruptcy cases most require legal assistance from a bankruptcy lawyer. Bankruptcies stem from different circumstances, and there are different types of bankruptcy to suitably cater to every bankruptcy case. Hiring bankruptcy attorneys isn’t mandatory in bankruptcy filings. As a rule, the need rises in proportion to the complexity of the case. Nonetheless, getting [...]

By |2019-12-03T12:56:42+00:00December 3rd, 2019|Categories: Bankruptcy|Comments Off on What Can a Bankruptcy Attorney Do for You?

A Guide through the Bankruptcy Process

Bankruptcy stays on a filer’s credit report for some years. Notwithstanding that, it still gives a former debtor a chance to start over. If you yourself are experiencing financial distress and unable to pay your debts, filing for bankruptcy may just be the solution. To get legal advice on your best course of action, consult a bankruptcy attorney Personal Bankruptcy Chapter There are different types of bankruptcy detailed in the United States bankruptcy code, but for an individual [...]

By |2019-11-30T12:05:44+00:00November 30th, 2019|Categories: Bankruptcy|Comments Off on A Guide through the Bankruptcy Process

Qualifying for Bankruptcy in Arizona

To go bankrupt is unfortunate, but it may be the only remaining option if you want to get some debt relief. The good thing is the bankruptcy protection from the automatic stay the bankruptcy process bestows affords you some peace as you try to get out of debt. After bankruptcy, you can start over armed with tools for better debt management from the experience and from your session with a credit counselor. There are different types of bankruptcy. [...]

By |2019-07-08T06:13:59+00:00July 8th, 2019|Categories: Bankruptcy|Comments Off on Qualifying for Bankruptcy in Arizona