Recent Posts in Filing Category
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The Importance of Honesty When Filing for Bankruptcy
Posted By Law Offices of Campbell & Coombs, P.C.When filing for bankruptcy , some people get the notion that they must do whatever they can to protect and preserve their finances and assets, including lying. It should go without saying but falsifying a bankruptcy filing is not the best idea, or even a good idea at all. The bankruptcy court is thorough, looking under every metaphorical stone for money and valuables. If you are anything less than ...Continue Reading -
Arizonan alleged to have fraudulently filed for bankruptcy
Posted By Law Offices of Campbell & Coombs, P.C.Though filing for bankruptcy offers debt relief to those who are facing financial challenges, many people hesitate to avail this federally guaranteed protection because they don't want to seem like they are taking advantage of the system. This may stop many deserving and hard working people from filing for personal bankruptcy, which could prevent them from starting their financial life afresh. ...Continue Reading -
Can I bounce back after bankruptcy?
Posted By Law Offices of Campbell & Coombs, P.C.Many people struggling with debt avoid filing for bankruptcy because they are unsure of what will happen to them after they file and how long will it take to bounce back. But a celebrity couple who went through the process is now chronicling their journey to assure debtors that there is light at the end of the tunnel. Flex, an actor and comedian who starred in a television series, and his Grammy ...Continue Reading -
Get an automatic stay on foreclosure through bankruptcy
Posted By Law Offices of Campbell & Coombs, P.C.Readers of the Mesa Bankruptcy Law Blog may have read the post recently describing bankruptcy and the benefits of filing for bankruptcy in the face of financial struggles. Perhaps one of the benefits of filing for personal bankruptcy most relevant to many Arizona residents, whether it is Chapter 7 or Chapter 13 bankruptcy, is the automatic stay placed on foreclosure proceedings. Many Arizona ...Continue Reading -
What is bankruptcy?
Posted By Law Offices of Campbell & Coombs, P.C.Filing for bankruptcy may ease Arizona residents' financial obligations, but what exactly is bankruptcy? Bankruptcy is a set of federal rules and laws that may be sued by people who owe more debt than they can pay. Bankruptcy courts are separate from other courts and debtors file for bankruptcy in federal bankruptcy court, as only federal courts have jurisdiction over bankruptcy matters. ...Continue Reading -
Complete prerequisite requirements when filing for bankruptcy
Posted By Law Offices of Campbell & Coombs, P.C.Making the decision to declare personal bankruptcy, whether it is Chapter 7 or 13, is not an easy one. It involves coming to terms with not being able to pay creditors and losing possession of some assets, but it also brings relief as Arizona debtors begin to regain control of their financial life. Once the decision is made, there are certain formalities that must be fulfilled before the ...Continue Reading -
Once my debt is discharged, can it be revoked?
Posted By Law Offices of Campbell & Coombs, P.C.When a debtor is no longer personally responsible for paying certain types of debt, those debts are considered discharged. It is a permanent order that forbids creditors from either taking any more action against the debtor or even from communicating with the debtor regarding that debt. Depending on the type of bankruptcy Arizona residents have filed for, the timing of discharge varies. In a ...Continue Reading -
Personal bankruptcy becomes issue in political campaign
Posted By Law Offices of Campbell & Coombs, P.C.In Mesa and throughout the state, many people face financial challenges that make filing for bankruptcy the wisest option to help them get through it. It is not a decision that is meant to shirk one's responsibility to debtors, but one that is designed to meet one's obligations while staying on sound financial footing. Financial matters can be complex and having to go through a personal bankruptcy ...Continue Reading -
Reestablishing Arizona good credit after filing for bankruptcy
Posted By Law Offices of Campbell & Coombs, P.C.One of the major worries a person in Arizona might have about filing for bankruptcy is the negative effect it will have on their credit afterwards. However, it is possible to rebuild your credit after filing for bankruptcy, and it may be easier than you think. If an individual is employed, in some cases, it is possible for them to establish good credit in a couple of years. One could even look ...Continue Reading -
Deciphering Chapter 7 bankruptcy from Chapter 13 bankruptcy
Posted By Law Offices of Campbell & Coombs, P.C.Financial disaster can strike even the most responsible person in Arizona at any moment. For example, a serious illness or accident can lead to insurmountable medical bills. Or perhaps a person unexpectedly loses their job, making them unable to pay their mortgage, credit card bills or car payments. When this happens, filing for bankruptcy can be a good choice for rebounding financially. It is ...Continue Reading -
Get help to simplify bankruptcy filing
Posted By Law Offices of Campbell & Coombs, P.C.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 ...Continue Reading -
File for Arizona bankruptcy for emotional and financial relief
Posted By Law Offices of Campbell & Coombs, P.C.The decision to file for bankruptcy is not an easy one for Arizona residents to make. Keeping in mind their financial difficulties, they have taken the step to restart their financial lives with possibly a fraction of what they owned and owed before. With the relief that comes from getting rid of creditors and wage garnishment, also comes the stress and anxiety of any big decision. Filing for ...Continue Reading -
What is automatically stayed in Arizona bankruptcy proceedings?
Posted By Law Offices of Campbell & Coombs, P.C.Some Arizona residents may consider the automatic stay that comes with filing for bankruptcy one of the biggest advantages of it. An automatic stay puts a halt to any lawsuit that has been filed by a creditor, a government agency or a collection agency against the debtor. This means the debtor has some breathing time in which they can regain their breath, and reorganize their finances without ...Continue Reading -
When should one file for bankruptcy?
Posted By Law Offices of Campbell & Coombs, P.C.As the economy picks itself up, many people across the country are also trying to get their finances in order. Across Arizona, the rate of bankruptcies filed is decreasing, a trend that can be seen in Phoenix where bankruptcies fell more than 50 percent in the beginning of 2014 compared to the same period in 2013. However, many people are still struggling with debt and trying to keep their head ...Continue Reading -
What is a bankruptcy exemption in Arizona?
Posted By Law Offices of Campbell & Coombs, P.C.Even though many Arizona residents may hesitate to ask for help when facing financial difficulties, the reality of the situation is that filing for bankruptcy is a federal protection offered to those who are struggling to make ends meet. It is similar to asking for help from the court - for relief from creditors. Once the debtor files for bankruptcy, a bankruptcy estate is created consisting of ...Continue Reading -
Decrease in bankruptcies filed in Phoenix continues
Posted By Law Offices of Campbell & Coombs, P.C.Dealing with financial challenges is anything but easy. Even when there are some options in dealing with these problems, not all routes offer the best solution for the individual, couple or family. When debt relief is needed, some seek to understand the process of bankruptcy and whether they are able to take this major step. Deciding to take the plunge and file for bankruptcy is not a new thing ...Continue Reading -
Arizona non-profit files for Chapter 7 bankruptcy
Posted By Law Offices of Campbell & Coombs, P.C.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, ...Continue Reading -
Selling items online to avoid bankruptcy
Posted By Law Offices of Campbell & Coombs, P.C.As the cost of living is on the rise, many baby boomers find themselves working longer than they expected and putting off their retirement because they have been unable to save enough for an easy retirement. The cost of healthcare is on the rise, and these services may be required more by baby boomers than by younger Arizona residents. Many people use their credit cards to pay these bills and do ...Continue Reading -
Bankruptcy fraud lands man in jail for 17 years
Posted By Law Offices of Campbell & Coombs, P.C.Individuals filing for bankruptcy usually do it as a last resort, as they are unable to make ends meet and need assistance in restarting their financial life. Since it puts an automatic stay on foreclosure proceedings and ends wage garnishment and creditor harassment, the federal protection afforded by filing for bankruptcy allows the filer the opportunity to take a deep breath after struggling ...Continue Reading -
Bank erroneously declares thousands bankrupt
Posted By Law Offices of Campbell & Coombs, P.C.Arizona residents facing financial difficulties know how important it is to budget their money and try to save as much as possible to avoid missing out on any bill payments. The decision to declare bankruptcy is no easy one, and people make the decision after weighing their overwhelming bills against all the benefits bankruptcy has to offer. However, a bank took that decision away from thousands ...Continue Reading -
Medical expenses lead as top cause for personal bankruptcy
Posted By Law Offices of Campbell & Coombs, P.C.According to a study from 2013 by NerdWallet Health, medical bills are expected to be the number one cause of personal bankruptcies, surpassing both credit card debt and mortgage debt. Research shows that bankruptcies related to medical expenses happen to both people who are uninsured as well as those that are insured. Up to seventy-eight percent of people who file for personal bankruptcy because ...Continue Reading -
Manage debt rather than discharging it
Posted By Law Offices of Campbell & Coombs, P.C.A lot has been said lately about college loans-the high cost of tuition combined with even higher interest rates often leads many fresh college graduates into financial distress and they scramble to get higher paying jobs that they may not be interested in just to pay off their loans. Unlike a majority of other forms of debt, college loans are not usually discharged through bankruptcy, whether it ...Continue Reading -
Debt settlement or bankruptcy?
Posted By Law Offices of Campbell & Coombs, P.C.Debt is a problem many people across the country are facing. As they see their bills pile up and creditors begin harassment tactics, those with overwhelming debt may begin to consider the various options available to them, including debt settlement and bankruptcy. As Arizona debtors go through the pros and cons of each option, it is important to get as much information as possible because making ...Continue Reading -
Drop in bankruptcy filings in some cities of Arizona
Posted By Law Offices of Campbell & Coombs, P.C.As the economy improves and people find gainful employment around the state, bankruptcy filings have fallen. In fact, Arizona residents may be surprised to hear that this is the third straight year that bankruptcy filings have decreased-this year alone they fell 14.2 percent, according to the U.S. Bankruptcy Court for the District of Arizona. Of course, not all cities saw the benefits of this ...Continue Reading -
Debt management awareness essential to avoid bankruptcy
Posted By Law Offices of Campbell & Coombs, P.C.Understanding and managing debt is often the first step towards discharging it. Arizona residents struggling with debt may not know which debt to pay off first or how repayment plans can help them. Increasingly, financial educational seminars are being given by the organizations least expected to, credit unions. Credit unions thrive on loans, so it seems ironic that they are educating people about ...Continue Reading
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