Bankruptcy Facts and Myths

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 [...]

By |2015-11-13T19:13:04+00:00November 13th, 2015|Chapter 13, Chapter 7, Personal Bankruptcy|0 Comments

Are You Drowning in Debt and Thinking about Bankruptcy?

If you are nervous about filing for bankruptcy, you are not alone! Every year across the United States, as many as one million or more families and individuals file for bankruptcy. Even previous American Presidents have filed bankruptcy. Bankruptcy is not something to be ashamed of in any aspect. After filing bankruptcy, it is possible [...]

By |2015-11-11T20:16:00+00:00November 11th, 2015|Bankruptcy News, Chapter 7, Personal Bankruptcy|0 Comments

Good Versus 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 prefer not to revisit.

 An author for an article in Forbes magazine back in 2012, wrote about a distinction between good [...]

By |2015-10-19T06:25:26+00:00October 19th, 2015|Chapter 7, Creditors, Personal Bankruptcy|0 Comments

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 [...]

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. [...]

By |2014-12-04T17:35:41+00:00December 4th, 2014|Bankruptcy in Arizona, Business Bankruptcy, Chapter 7|0 Comments

FILING FOR BANKRUPTCY MIGHT OFFER BEST SOLUTION TO ELIMINATE DEBT

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 [...]

By |2014-11-17T18:08:39+00:00November 17th, 2014|Chapter 13, Chapter 7, Personal Bankruptcy|0 Comments

CONSUMERS STRUGGLING TO MANAGE CREDIT CARD DEBT

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 [...]

By |2014-11-12T21:11:45+00:00November 12th, 2014|Chapter 13, Chapter 7, Personal Bankruptcy|0 Comments