Bankruptcy is often perceived as the end of the road, a final resort when all else has failed. However, Chapter 13 bankruptcy, also known as reorganization bankruptcy, can be a light at the end of the tunnel for many individuals facing financial hardship. Chapter 13 bankruptcy is a unique form of bankruptcy that allows individuals [...]
Are you inundated with calls from creditors? When you fall behind on bills the calls often start and it's critical you know your rights. An important resource is the Federal Trade Commission's website which includes a copy of the Fair Debt Collection Practices Act. Calling an experienced attorney is a useful tool [...]
There are many myths about bankruptcy. Bankruptcy often has an aura of difficulty and confusion. We are here to tell you about the facts! For starters, bankruptcy courts are located all over the United States. Contrary to popular belief, bankruptcy is actually filed and handled in federal court and bankruptcy is based off of federal [...]
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 [...]
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 [...]
Overwhelming debt brought about through unexpected life changes such as unemployment and illness or injury have caused many Americans to seek debt relief through personal bankruptcy. Some people have been lured by promises from debt settlement companies to eliminate debt quickly and easily without any negative effects. According to the National Association of Consumer Bankruptcy [...]
A story written on Forbes a while back questioned whether there is a distinction between good and bad credit card debt. For millions of American consumers who needed the assistance of a bankruptcy attorney to eliminate overwhelming credit card debt through personal bankruptcy, credit cards represent delinquent payments, creditor harassment and financial challenges they would [...]
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 [...]
Health insurers and individuals who do not have health insurance coverage will spent around $2 trillion on health care costs in 2013. This staggering expense has been the source of medical debt problems for countless Arizona residents. An unexpected medical condition that leaves a person unable to work can quickly lead to unmanageable debt. [...]
For many people, a college education and student loans have long been synonymous. With student loan debt now at approximately One Trillion dollars and income levels for college degree holders down 14.7 percent, the stage has been set for college graduates entering a struggling economy to be overwhelmed by financial challenges. For many of them, [...]
