Blog Posts in September, 2014

  • Filing for bankruptcy to avoid harassment, garnishment

    As Arizona residents get older, many have started planning their retirement. But a surprising new report by the Government Accountability Office reveals that debt among senior citizens has risen exponentially since 2005 and that a majority of that debt is related to student loans for senior citizen's own education rather than their children's. According to the report, debt held by Americans age 65 ...
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  • When can I buy a car during bankruptcy?

    It may take a lot of time and courage for Arizona residents to come to the decision to file for bankruptcy as a way to ease their financial problems. Debtors who have a steady, but low, source of income and possessions they do not want to give up during the bankruptcy process may have filed for Chapter 13 bankruptcy rather than Chapter 7 bankruptcy. Under this option, filers make monthly payments ...
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  • Get help to simplify bankruptcy filing

    Despite an improvement in the economy over the last few months, many Arizona residents may still be struggling to make ends meet due to various reasons, both expected and unexpected. Losing a job and using up savings or suddenly becoming ill and racking up medical costs are some examples of unexpected reasons people face financial difficulties. Others may just be trying to get through the month ...
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  • The Chapter 7 bankruptcy process

    Chapter 7 bankruptcy is a bankruptcy option that allows individuals to liquidate nonexempt assets to repay creditors and enjoy debt relief. Some property is considered exempt and is protected from the liquidation process. There are several categories of exempted property, including a wild card category, but exemptions are subject to certain limits and requirements. A test referred to as the means ...
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