Blog Posts in 2013

  • Bankruptcy preparing site files sloppy paperwork, case thrown out

    When overwhelmed with financial difficulties, some Arizona residents may consider filing for personal bankruptcy to wipe out most of their debts. Already strapped for cash, debtors may come across quick and easy options for filing for bankruptcy, and thinking they are legitimate, may turn to random websites for assistance. However, this cut-rate assistance may end up costing Arizona debtors even ...
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  • What happens when Arizona residents can't pay bills?

    With Black Friday sales behind Arizona residents, they may now be looking at their credit card bills and trying to remember why it is they bought so many things that they didn't need. Keeping up with the payment of these bills is important in order to keep debt down and avoid wage garnishment or repossession of assets. But what happens when it is no longer possible to make payments and bills start ...
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  • Arizona bankruptcies keep declining, but is that a good thing?

    Economists have different ways of looking at rates of personal bankruptcy. Obviously, people are more likely to have financial problems when the job market is bad and when they cannot afford to pay toward their home loans or credit card debt. All this means that bankruptcy rates may rise when the overall economy is weak. At the same time, a rise in bankruptcy rates can also be a sign of the health ...
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  • Tips for handling credit card debt during the holidays

    With the holiday season upon us, Arizona residents struggling to make ends meet may be worried about holiday shopping. Financial constraints may put a damper on holiday plans, and Arizona residents may turn to their credit cards to help ease the immediate financial burden. However, it is easy to overspend when using the credit card, and next year may bring with it high credit card bills that ...
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  • Entertainer filed for Chapter 7 to move forward in career

    As many Arizona residents may know, financial difficulties can be the result of many factors, some which are out of the debtor's control. In addition to that, financial problems can plague anyone -- not only people struggling to make ends meet but also celebrities and entertainers. The latest entertainer to face financial issues is Aaron Carter, younger brother of Nick Carter of the musical group ...
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  • College loan options after bankruptcy

    Many Arizona residents may already be familiar with the millions of students struggling with college debt. Many of these students or their families are looking into various options to reduce their financial difficulties, including declaring personal bankruptcy. However, what are the options available for those Arizona residents who have already declared bankruptcy and are now applying for college? ...
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  • Woman remains debt-free 20 years after filing for bankruptcy

    Some may view bankruptcy as a last resort and something that should be avoided at all costs. But for many people, this is far from the truth. Arizona residents who have struggled for years with insurmountable debt, ever-climbing interests rates and relentless creditor harassment know that sometimes paying back debts is quite literally impossible. For those people, bankruptcy is an attractive ...
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  • Avoid inconsistencies when filing for bankruptcy

    Bankruptcy should be a smooth process. If a person is honest about assets and finances, they will likely be able to pay back creditors with a repayment plan under Chapter 11 -- or, in a Chapter 7 case, liquidate assets to erase debt. Unfortunately, bankruptcies don't always play out as smoothly as they should, often because of inconsistencies on the debtor's part. By avoiding these ...
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  • For those struggling with debt, bankruptcy may be best option

    Arizona residents should not think of bankruptcy as a defeat or an admission of failure. Rather, it should be thought of in more accurate terms -- as the best option one sometimes has when facing insurmountable debt and endlessly increasing interest rates. Bankruptcy, rather than marking a low point in one's life, is actually more of a turning point, a chance at a new beginning and a shot at a ...
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  • Bankruptcy an option for those with medical credit card debt

    Once someone is caught in a web of debt here in Arizona, it may seem impossible for that person to escape. Endless creditor harassment and unrelenting interest rates trap them into debt cycles from which there seems no relief. Such has been the case with many recent developments involving medical credit cards. The worlds of health care and finance combined forces and began pushing lines of credit ...
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  • Those facing foreclosure fears may wish to consider all options

    Those seeking to keep a family home or eliminate the burden of debt have options to consider that may help. Those seeking to stop foreclosure may wish to consider bankruptcy as one of the options available to them. Bankruptcy may be able to help in a couple of different ways. First, filing for bankruptcy causes an automatic stay to go into effect which prevents creditors from taking any further ...
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  • How do bankruptcy proceedings affect divorce proceedings?

    Arizona residents may have noticed that sometimes life changing events come in pairs - a divorce may lead to financial troubles or vice versa. While a divorce puts an end to the legal relationship between the couple, one party may still be held accountable for the other party's debts if certain steps are not taken. When the divorcing couple is also in the middle of bankruptcy proceedings, they ...
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  • FTC fines debt collection agency for creditor harassment

    Arizona residents struggling with debt may be all too familiar with creditor harassment tactics. If the mounting bills were not problematic enough, the ceaseless phone calls threatening legal action add to the stress many debtors feel. And many debtors are not aware that there are certain behaviors a creditor cannot engage in, as they would amount to unfair practices for which they could be held ...
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  • Debt relief options for Arizona college graduates

    With all the controversy surrounding college loans and their contribution to the unprecedented levels of debt across the country, a bleak picture may have been painted for some Arizona college graduates. However, even though personalbankruptcy does not discharge student loans, debt relief options do exist for some college loans. A public program, known as the Public Service Loan Forgiveness ...
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  • Could declaring bankruptcy invigorate the economy?

    Many people consider putting off declaring bankruptcy because they are unsure which of their assets they will be able to keep. However, they may not be aware that Arizona offers a very comprehensive list of bankruptcy exemptions which allow filers to protect personal property against creditors' claims. Although those in debt are given a break with respect to some debts, Arizona residents declaring ...
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