Blog Posts in October, 2015

  • What is a hardship discharge in Chapter 13 bankruptcy?

    Once the requisite paperwork is gathered, the debtor must also create a repayment plan that is either to be filed with the Chapter 13 bankruptcy petition or within 14 days of filing it. This repayment plan outlines the method of fixed payments -either monthly or bimonthly-that the debtor will make regularly, over either a three-year or five-year period, depending on the debtor's monthly income. If ...
    Continue Reading
  • What is an automatic stay granted in Chapter 13 bankruptcy?

    Once an Arizona resident has determined that they are eligible to file for bankruptcy under Chapter 13, the filer has to start getting their documents in order and ensure that they are an accurate representation of the filer's financial situation. In addition to filing the petition with the court, it is also essential to file schedules of assets and liabilities, current income and expenditures, ...
    Continue Reading
  • Eligibility requirements for Chapter 13 bankruptcy in Arizona

    Though bankruptcy exists as a means to provide debt relief to people in Arizona and across the country who are overwhelmed with debt, it is important to understand that there are various categories of bankruptcy and that not everyone is eligible for all types. Chapter 7 and Chapter 13 are the most common forms of personal bankruptcy and the next few posts in the upcoming weeks will examine ...
    Continue Reading
  • We can help rebuild credit after a bankruptcy filing

    Often, Arizona residents struggling with credit card debt for various reasons -- including those mentioned in last week's post -- continue to make minimum payments, rack up interest and impact their credit score, all in fear of worsening their credit score by declaring bankruptcy. Lawyers at our firm often deal with the misconception that it is not possible to rebuild credit after bankruptcy. ...
    Continue Reading
Page 1 of 1