If you're overwhelmed with debt, filing for bankruptcy with the guidance of the Wright Law team may be the best path forward for relief and better days. It's a big step, and it's understandable to have a lot of questions, and maybe even some hesitation. At Wright Law Offices, bankruptcy is our specialty, and we're [...]
Apart from settling a debt, bankruptcy is the only other way to forcibly stop wage garnishing. Wage garnishing is when creditors can take a percentage of your paycheck to pay debt that is owed. In the state of Arizona, the maximum that creditors can garnish from a debtor's pay check is 25%. Filing bankruptcy stops [...]
The only reason bankruptcy has such a bad reputation is because it is discussed by people who know very little about filing bankruptcy. It has been said countless times that filing for bankruptcy and getting your debts discharged ruins your credit score. However, most people who need to file for bankruptcy have already lowered and [...]
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 [...]
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 [...]
What happens after you file for bankruptcy and are discharged? After filing bankruptcy there is a sense of relief, but now what? Your debt is erased, you are no longer drowning in a hole, and no longer worrying about making payments with money you honestly do not have. Now it is time to budget and [...]
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 [...]
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 [...]
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 [...]
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 [...]