personal bankruptcy

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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

CONFUSION FROM RECORD-KEEPING SYSTEM EXACERBATING MORTGAGE ISSUES

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 [...]

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

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 [...]

New Bill Would Help Families Burdened By Medical Debt

The Accuracy in Reporting Medical Debt Act was a new bill that had been introduced in Congress in 2013 aimed at protecting consumers from inaccurate reporting of medical debt to credit bureaus. An estimated 10 percent of all insurance claims are processed incorrectly. Debt collectors often use information about medical debt that is false, incomplete [...]

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