Recent Posts in Financial Challenges Category
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Arizona Power Plant Operator Sundevil Power Files for Bankruptcy
Posted By Law Office of Campbell & Coombs, P.C.Here's a reorganization case striking close to home. Sundevil Holdings LLC, which operates two gas-fired power plants in Gila Bend, Arizona filed for Chapter 11 protection, Reuters reported. The company, owned by private equity firm Wayzata Investment Partners, listed $100 million to $500 million of both assets and liabilities in its filing with the U.S. Bankruptcy Court in Wilmington, Del. The ...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 -
Get answers to your questions about bankruptcy asset forfeiture
Posted By Law Offices of Campbell & Coombs, P.C.For Maricopa County residents facing financial challenges, one of the options for dealing with the problem is bankruptcy. For many folks, bankruptcy can be an effective way of dealing with an otherwise overwhelming debt situation. There is one concern that many people have with bankruptcy, however. You may have heard that some people may have to forfeit some of their assets as part of the debt ...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 -
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 -
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 -
While bankruptcies are lowering in AZ, debt relief options exist
Posted By Law Offices of Campbell & Coombs, P.C.For those still facing financial challenges in this struggling economy, debt relief and personal bankruptcy options exist to help. Bankruptcy filings in the greater-Phoenix area in 2013 were at their lowest numbers since 2008 at the beginning of the recession. The struggling economy and unemployment have seen some improvement, as unemployment in the U.S. is at 7 percent from 7.9 percent. Arizona ...Continue Reading
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