Bankruptcy

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

How Will Bankruptcy Affect My Credit Score?

People are often wary about filing for bankruptcy because they know the bankruptcy will show up on a credit report. There is no denying that a bankruptcy has an impact on a credit score, and that lenders may be reluctant to extend no credit to debtors who have filed bankruptcy. Realistically, however, by the time debtors are considering bankruptcy, their credit scores have already been damaged. Consumers only resort to bankruptcy when their debt has become unmanageable. They [...]

By |2017-10-17T17:06:54+00:00October 17th, 2017|Categories: Bankruptcy|Comments Off on How Will Bankruptcy Affect My Credit Score?

Toys ‘R’ Us Bankruptcy: The Rise and Fall of an Empire

Toys ‘R’ Us, the nation’s largest toy retailer, has filed for Chapter 11 bankruptcy after suffering from slumping sales and incurring a significant amount of debt. According to a news report on CNN.com, the 69-year-old retail giant was once hailed as the go-to place for children’s toys and gifts. However, over the last several years Toys ‘R’ Us has lost its place to Wal-Mart and more recently, Amazon. What’s more, the company amassed $5 billion in debt in [...]

By |2017-09-28T16:41:37+00:00September 28th, 2017|Categories: Bankruptcy|Comments Off on Toys ‘R’ Us Bankruptcy: The Rise and Fall of an Empire

Why People File For Bankruptcy in Tempe, Arizona

There are three common events that cause people to file for bankruptcy in Tempe, AZ. These include: Divorce Health problems Estate Planning Issues Job Loss or Curtailment of Income If you find yourself experiencing these problems, you are not alone. There are many ways that even the most prepared Tempe resident can find themselves in, what seems to be, an insurmountable financial challenge. There are many causes, but there are also many ways to get out of these [...]

By |2019-07-24T20:03:54+00:00August 14th, 2017|Categories: Bankruptcy|Comments Off on Why People File For Bankruptcy in Tempe, Arizona

How Bankruptcy Services in Scottsdale Can Help Those In Severe Debt

There are many reasons why people fall into financial trouble in Scottsdale, Arizona. There are three events that cause the biggest issues for the majority of those seeking bankruptcy services in Scottsdale: Divorce Medical bills and health problems Underemployment or loss of a job If you experience one of these events in your life, you're not alone. There are many life events that can lead to financial trouble. No matter the cause of your financial difficulties, there is always [...]

By |2017-08-07T16:35:18+00:00August 7th, 2017|Categories: Bankruptcy|Comments Off on How Bankruptcy Services in Scottsdale Can Help Those In Severe Debt

What Bankruptcy Paperwork Do You Need to File?

You have decided that filing bankruptcy is the best option for you. Now comes the tedious part of filling out the required forms. Bankruptcy paperwork can be confusing for many people. There is so much information to provide. One mistake could delay your bankruptcy court proceedings. In the initial stages of filing for bankruptcy? Be sure you have the correct bankruptcy paperwork. Keep reading to ensure you have everything you need to file. Bankruptcy paperwork you'll need to file There [...]

By |2019-02-12T22:04:21+00:00July 20th, 2017|Categories: Bankruptcy|Comments Off on What Bankruptcy Paperwork Do You Need to File?

What to Do If You’re Going Bankrupt & Getting Divorced

As if going through a divorce isn't stressful enough, adding financial struggles on top of it is enough to send anyone into a panic. But if you find yourself going through this, don't worry, you're not alone. In fact, divorce is one of the top reasons individuals find themselves going bankrupt. Before making any major decisions concerning your divorce and bankruptcy, there are several different factors to consider that can help you determine the most beneficial path to take. Chapter 7 [...]

By |2019-02-12T22:08:10+00:00July 18th, 2017|Categories: Bankruptcy|Comments Off on What to Do If You’re Going Bankrupt & Getting Divorced

Student Loan Help: What are Your Options?

Student loan debt is an epidemic millions of students have to endure. In fact, stats show there are 44.2 million Americans living with student loan debt. Forbes calls student loan debt the $1.3 trillion crisis. That’s about $37,172 per graduate for the class of 2016, which is a 6% increase from 2015. Student loan help is big business for lenders and debt consolidation businesses. Americans are swimming in debt up to their eyeballs with nowhere to run.  Those who don't know their [...]

By |2019-07-24T06:42:40+00:00July 16th, 2017|Categories: Bankruptcy|Comments Off on Student Loan Help: What are Your Options?