Bankruptcy

Filing for Bankruptcy Is the Right Solution

When Filing for Bankruptcy Is the Right Solution We are often asked if filing for bankruptcy in Arizona is the right solution for me. Being in debt is a way of life for many Americans. This notion is further reinforced by the fact that debt levels have actually hit new highs. Take a look at the numbers: The Federal Reserve Bank of New York reported that overall household debt, which includes credit cards, student loans, and mortgages, was at [...]

By |2019-07-24T21:34:17+00:00May 23rd, 2019|Categories: Bankruptcy|Comments Off on Filing for Bankruptcy Is the Right Solution

How Much Are Bankruptcy Filing Fees?

Before you finally decide to file for bankruptcy, you need to be aware of the expenses it will entail. Let us share with you how much you need to shell out for bankruptcy filing fees, mandatory credit counseling costs, and when you need to settle them. We will also share with you how you can qualify for waiver of fees or installment payments so you can save more of your remaining funds. If you are considering to file [...]

By |2019-04-30T12:38:23+00:00April 30th, 2019|Categories: Bankruptcy|Comments Off on How Much Are Bankruptcy Filing Fees?

How to Pick a Bankruptcy Attorney

After struggling to pay your debts for months or even years, you think that you’re ready to file bankruptcy. It's time to contact a bankruptcy lawyer, but which one?  Can you trust the ones who advertise on TV and radio, others on taxi cabs and bus stops? Asking a friend to refer you to a bankruptcy attorney to help you with filing bankruptcy can be awkward. But you are facing foreclosure, have huge medical bills, a pile of [...]

By |2019-04-29T13:43:46+00:00April 29th, 2019|Categories: Bankruptcy|Comments Off on How to Pick a Bankruptcy Attorney

Can I Delay My Bankruptcy?

When you find yourself in deep financial trouble, you may realize that bankruptcy may just be the best available option in order to settle your debts. Take caution, though, because filing bankruptcy may have undesirable lifelong consequences. On the flip side, a bankruptcy filing enables you to acquire a discharge of your debts and this can offer some sort of relief from issues you may come across when in debt. What are the positive effects of filing bankruptcy? [...]

By |2019-03-19T07:17:01+00:00March 19th, 2019|Categories: Bankruptcy|Tags: , |Comments Off on Can I Delay My Bankruptcy?

Paying Off Through Debt Settlement

The United States is faced with a growing problem of credit card debt and other forms of unsecured debt. If you have a similar problem, know that you are not alone. There are a lot of people struggling with debts. It is also important to be careful because there are shady credit counseling agencies and other organizations that will rob you of your hard-earned cash - without any intention of counseling or helping you in your debt issues. [...]

By |2019-02-19T07:43:06+00:00February 19th, 2019|Categories: Bankruptcy|Tags: , |Comments Off on Paying Off Through Debt Settlement

Does Bankruptcy Negate Alimony?

Alimony payments, also known as "spousal support" is often paid after a divorce by the spouse who earns substantially more money than the other person to whom he or she has been married for several years. Courts rarely award alimony in marriages that have ended quickly or in cases where both spouses earn almost equal income. Alimony payments are typically worked into your separation agreement by your divorce lawyer and are paid monthly on a date set by [...]

By |2019-02-12T21:59:03+00:00December 30th, 2017|Categories: Bankruptcy|Comments Off on Does Bankruptcy Negate Alimony?

Does Bankruptcy Eliminate a Second Mortgage?

You may be able to eliminate a second mortgage in a bankruptcy and that depends on whether you file a Chapter 7 or Chapter 13 bankruptcy. A second mortgage, which is also known as a home equity line of credit or HELOC is a loan that allows you to borrow money against your home's value. Your property is essentially an asset, which acquires value over time. A home equity line of credit works pretty much like a credit [...]

By |2019-07-24T21:24:09+00:00December 24th, 2017|Categories: Bankruptcy|Comments Off on Does Bankruptcy Eliminate a Second Mortgage?

How Do I Keep My House and File for Bankruptcy?

As Arizona bankruptcy attorneys, we often come across individuals or families that will hesitate for file for bankruptcy protection even though they are drowning in debt and are living from paycheck to paycheck. And they do this because they fear losing their home as part of the process. Before you file for bankruptcy and decide what type of bankruptcy you want to file, it is important that you understand how a bankruptcy might affect your home ownership. Will [...]

By |2019-02-12T21:59:43+00:00December 1st, 2017|Categories: Bankruptcy|Comments Off on How Do I Keep My House and File for Bankruptcy?

How Many Times Can You File For Bankruptcy In Arizona?

If you are overwhelmed by significant debt and are not eligible for other options such as offer-in-compromise or payment plans, you may wish to consider bankruptcy. While it may sound dire, often, bankruptcy is a great opportunity for those saddled with large amounts of debt to potentially eliminate their debt and get a valuable fresh start. Understanding the Types of Bankruptcy Most individuals who are facing significant amounts of debt end up filing Chapter 7 or Chapter 13 [...]

By |2017-11-16T14:38:42+00:00November 16th, 2017|Categories: Bankruptcy|Comments Off on How Many Times Can You File For Bankruptcy In Arizona?

Romano's Macaroni Grill Files for Chapter 11 Bankruptcy

The owner of Romano's Macaroni Grill has filed for Chapter 11 bankruptcy. According to an Associated Press news report, the national restaurant chain's owner, Mac Acquisition, filed for protection with the U.S. Bankruptcy Court for the District of Delaware, citing some $23 million in secured debt with negative earnings of $12 million and on revenues of $230 million. Macaroni Grill has 93 company-owned locations and 23 franchise locations all of which are expected to remain open. The company [...]

By |2017-11-13T21:38:11+00:00November 13th, 2017|Categories: Bankruptcy|Comments Off on Romano's Macaroni Grill Files for Chapter 11 Bankruptcy