Blog Posts in December, 2012

  • Full income disclosure essential in bankruptcy cases

    When facing financial difficulties, declaring bankruptcy, whether Chapter 7 or 13, is one of the options Arizona residents can avail to regain control of their financial life. In a Chapter 7 bankruptcy, almost all debts are wiped out by selling some of the filer's assets. In a Chapter 13 filing however, the court determines installments that the filer must make over a specific period of time. Both ...
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  • Medical bills contribute to more than 50 percent of bankruptcies

    Despite the best-laid financial plans, an unexpected medical illness can wreak havoc on finances. Paying medical bills can exhaust Arizona residents both financially and physically and they may not be aware of their options in the face of overwhelming debt. Declaring bankruptcy, either Chapter 7 or Chapter 13, may be one of the only ways to overcome financial challenges and wipe out many bills, ...
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