Bankruptcy in Arizona

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Health Care Coverage Does Not Insure Against Medical Debt

The attention given to health reform in this country has focused on providing health care coverage to all Americans. Largely ignored has been the growing problem of people with health care coverage who are struggling with medical debt from expenses that insurance does not cover.   Out-of-pocket medical costs are forcing people to cut back [...]

By |2014-10-27T18:39:56+00:00October 27th, 2014|Bankruptcy in Arizona, Chapter 13, Medical Debts|0 Comments

Bankruptcy, Divorce and Home Ownership

During a divorce in Arizona and in other community-property states, the parties often decide that one person will keep the family home and continue making payments while the other person will sign over their interest on the home to their spouse. However, if one partner decides to file personal bankruptcy, the mortgage company might not [...]

What Happens When Someone Files For Bankruptcy

When someone living in Arizona files for bankruptcy, they are often doing so because of costly medical bills, having been laid off from a job or simply having a large amount of unsecured debt. There are enormous benefits to filing for personal bankruptcy, but it is not without its costs. After filing, people may need [...]

Preparing For A New Life After Personal Bankruptcy

Arizona residents faced with the difficult prospect of bankruptcy may be interested in some tips for rebuilding credit and recovering from the emotional toll that bankruptcy can take. Bankruptcy is meant to help someone overcome their debt. With time, support and some smart financial moves, it should be possible to ensure a smooth transition out [...]

Medical Bills Can Hurt Credit

People in Arizona might not know that medical debt represents almost half of all reported collection accounts. Individuals often contest bills with their doctor or health insurer. However, it's important for people to understand they can't just ignore those bills. Medical debt can harm credit if a bill goes into collection.   According to the [...]

Adults Usually Not Responsible For Childhood Medical Debts

A visit to the doctor is not something to which most children look forward. Most children are concerned about what the doctor will do to them and not with how the bill is going to be paid. But today, debt collectors are harassing adults for medical debt that was incurred when they were minors. The legal [...]

Financial Challenges Associated With 401(k) Loans

A recent study reported that a quarter of the population has borrowed from their retirement accounts. Borrowing from a 401(k) at an attractive interest rate to pay off high-interest credit card debt could make sense, but there are disadvantages. One risk is the loss of asset protection for the 401(k) in case of a personal [...]

Financial Challenges Bring Debt Collection Abuses

Financial challenges brought on by unemployment and a struggling economy have exposed many Arizonans to abuses by debt collectors and debt collection agencies. The Fair Debt Collection Practices Act was enacted to control debt collection practices that Congress believed were responsible for personal bankruptcy and unwarranted turmoil in the personal lives of consumers.   Stopping [...]

By |2014-08-18T23:32:15+00:00August 18th, 2014|Bankruptcy in Arizona, Personal Bankruptcy|0 Comments

College Students Increasingly Struggle With Credit Card Debt

The struggling economy, unemployment and unexpected life changes have been the cause of financial challenges for many Arizona residents over the past few years. Meanwhile, many college students have struggled with credit card debt that has caused some of them to file for personal bankruptcy, particularly as they have dealt with tuition and diminished job [...]

Payday Loans In Arizona May Create Financial Challenges

For years, Arizona workers have used payday loans to meet unexpected financial challenges that cannot wait until the next paycheck. The loans are readily available from check cashing agencies or finance companies but come at a high cost, particularly when the loan is not paid when it is due. For some borrowers, the costs of [...]

By |2014-08-05T21:56:12+00:00August 5th, 2014|Bankruptcy in Arizona, Personal Bankruptcy|0 Comments