Blog Posts in June, 2012

  • When unexpected events cause debt, consider bankruptcy filing

    Arizona residents who are struggling to make ends meet may be financially capable of dealing with everyday expenses, but unexpected expenses may overwhelm them. Unanticipated events such as sudden illness, accident or death may create debts where none existed previously. For those Arizonans struggling with debt, filing for personal bankruptcy, Chapter 7 or Chapter 13, depending on income ...
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  • Ex-housewife files for Chapter 7 bankruptcy

    Reality television viewers may have seen the show "The Real Housewives of New Jersey" on the Bravo network. Fans of the show may also be aware one of the former stars of this show, Danielle Staub, has recently filed for Chapter 7 bankruptcyprotection. Although she is a famous celebrity, some of her creditors may sound familiar to Arizona residents struggling with debt--American Express, the ...
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  • Companies invest in rentals in Arizona as foreclosures continue

    More and more neighborhoods in Arizona and throughout the country are becoming renter-occupied as opposed to owner-occupied as the foreclosure crisis continues. According to U.S. Census data, the fastest growing portion of the rental market between 2005 and 2010 correlated to single family homes. In fact three out of four homeowners who lose their homes due to foreclosure will go on to rent, ...
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  • Arizona homeowners may lose half of mortgage settlement money

    Readers of our Mesa, Arizona, Bankruptcy Law Blog may remember last month's post about a new program to assist Arizona homeowners. That post outlined details of the government's mortgage settlement with five of the country's biggest banks. Arizona was set to receive $98 million from the settlement, which was intended to help homeowners who are struggling with threats of foreclosure. Homeowners ...
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