Blog Posts in May, 2014

  • What is Chapter 13 bankruptcy?

    Many Arizona residents may have heard of the term bankruptcy and may be aware that many debts can be discharged through this federal protection for struggling people. Nonetheless, they may not be clear about what bankruptcy actually is. Individuals can file for either Chapter 7 or Chapter 13 bankruptcy, depending on their income and assets. It is important to know the differences between both ...
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  • Reduce student loan debt by budgeting, reducing expenses

    The average student loan balance for the college class of 2012 was $29,400, according to the Institute for College Access and Success. Many Arizona residents looking at their student loan debt may become complacent and think they have a lot of time to pay off their debt, but delaying the inevitable may actually compound the problem. Over time, the interest amount increases and for those making ...
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  • Arizona couple's fraudulent bankruptcy petition denied

    Bankruptcy protection provides federal protection for those people who have honestly but unfortunately fallen into very heavy debt. Many debtors use this as their last option to discharge their debts and begin their financial life anew, without being burdened by their financial mistakes. Chapter 7 and 13 are two main forms of personal bankruptcy for which an Arizona resident may be eligible, based ...
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  • Arizona non-profit files for Chapter 7 bankruptcy

    In these difficult economic times, economic difficulties can hit anyone, individuals facing overwhelming debt, even Arizona companies struggling to keep their head above water. In fact, it may be even harder for companies to spring back from financial difficulties because they rely on customers to use their services, but customers are tightening their belts and budgeting themselves. Unfortunately, ...
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