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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 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 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 [...]