Stop Creditor Calls

Drowning in debt is stressful all on its own and a position no one expects to find themselves in. Once a debt collector or creditors start harassing you with letters and calls full of threats, we understand it can be downright terrifying.  At Wright Law Offices, we are Phoenix bankruptcy lawyers who have dedicated our [...]

By |2022-06-08T23:22:06-07:00June 8th, 2022|Bankruptcy in Arizona|0 Comments

How can you discharge student loan debts in Arizona?

The average loan debt is thirty thousand dollars per student and more than 25% of people are behind on their payments or have defaulted. However, the Obama administration frowns upon borrowers discharging their government student loan debt by filing bankruptcy. The administration wants to protect the integrity of the federal student loan program. The Brunner [...]

By |2015-11-06T22:17:53-07:00November 6th, 2015|Bankruptcy in Arizona, Student Loans|0 Comments

Older People Increasingly at Risk of Losing Homes to Foreclosure

It used to be the case that older Americans were the most stable demographic in terms of finances. However, the last six years or so have made things more difficult for people over 50, and Arizona is no exception with its large numbers of retirees. AARP recently performed a study and found that the risk [...]

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 [...]

SOME HOMEOWNERS MAY BE ABLE TO REFINANCE AFTER BANKRUPTCY

Homeowners in Arizona and across the nation may still pay their mortgages after bankruptcy. After filing for bankruptcy, including Chapter 7 bankruptcy, an individual may wonder if they can refinance their home loan if they remain in their house. The answer will generally depend on the specific circumstances of each individual homeowner. If a court [...]

By |2015-09-24T06:13:49-07:00September 24th, 2015|Bankruptcy in Arizona, Loan Modification, Real Estate|0 Comments

BANKRUPTCY MEANS TEST APPLIES TO CONSUMER BANKRUPTCY ONLY

By Ben Wright of Wright Law Offices. Arizona residents considering bankruptcy need to be aware that there is a difference between a consumer bankruptcy filing and a business bankruptcy filing.   In other words, there are different rules that need to be followed depending upon where and how your debts are incurred. Bankruptcy code 11 U.S.C. [...]

CONFUSION FROM RECORD-KEEPING SYSTEM EXACERBATING MORTGAGE ISSUES

Residents of Arizona have not been immune from personal financial challenges caused by the struggling economy. Some have had to file for personal bankruptcy to stop foreclosure on their homes while others have participated in mortgage modification programs. Information is now coming out of foreclosure actions around the country revealing bank practices that have prevented [...]

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