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Court Ruling Could Help Arizonans in Chapter 7 Protect Assets

Arizona residents who file for Chapter 7 bankruptcy do not necessarily have to surrender annuities or life insurance policies, according to a federal appeals court ruling dating back to 2012. The decision has relatively limited impact nationally because the court relied upon the provisions of Arizona law pertaining to exempt property.
 A person who seeks [...]

Asset Liquidation Issues in Chapter 7

Bankruptcy can provide a fresh financial start for a consumer who is overwhelmed with personal debt. Chapter 7 bankruptcy allows a person to stop creditor harassment and eliminate most debt. For some Arizona consumers with assets, filing for Chapter 7 might pose a problem because of the asset liquidation requirement associated with this type of [...]

By |2014-07-08T04:14:54+00:00July 8th, 2014|Assets, Chapter 7|0 Comments

Overwhelming Debt Forces Chapter 7 Filing By Football Coach

A struggling economy has left many Americans struggling with financial challenges caused by unemployment, business ownership, medical issues or bad investments. Some people reach the point where Chapter 13 or Chapter 7 bankruptcy becomes the best means of achieving debt relief. John L. Smith struggled with that decision the summer of 2012 in the spotlight [...]

By |2014-02-08T07:30:16+00:00February 8th, 2014|Assets, Bankruptcy News, Chapter 7, Personal Bankruptcy|0 Comments