Monthly Archives: December 2011

Sometimes the IRS or the State of Arizona are Just Wrong about How Much You Owe in Taxes

Think the IRS or the Arizona state tax board is infallible? Think again. When an official IRS or State of Arizona letter arrives in the mail saying you owe back taxes,  it might be best to take a closer look. Dinah White of Wisconsin was quite aware that she owed the state back taxes – but not the $1.3 million they claim. According to her records she owes $300,000 in back taxes, and will now have to meet with [...]

By |2011-12-29T12:18:08+00:00December 29th, 2011|Categories: Uncategorized|Comments Off on Sometimes the IRS or the State of Arizona are Just Wrong about How Much You Owe in Taxes

Celebrity Pamela Anderson “Embarrassed” over IRS Tax Problems

The California Franchise Tax Board recently revealed that former Dancing With the Stars and Baywatch star Pamela Anderson owes the state nearly a half million dollars in unpaid taxes.  For her part, the TV star says that she is doing her best to pay back the taxes she owes and resolve the situation with the state of California. She sent a message to her fans in which she referred to her tax problems as an “embarrassing situation” that [...]

By |2011-12-26T12:07:07+00:00December 26th, 2011|Categories: Uncategorized|Comments Off on Celebrity Pamela Anderson “Embarrassed” over IRS Tax Problems

Tricks Credit Card Companies Use To Take Advantage Of You

At The Pew Law Center, PLLC, Arizona’s premier bankruptcy law firm, we really do care about you and your family’s financial health. In this series of blogs, we will cover some tips for avoiding or reversing the crushing credit card debt that can lead many people to declaring chapter 7 or chapter 13 bankruptcy. Credit card fees Credit card companies make money by charging you interest and fees. And even though competition is tight in the industry, fees charged [...]

By |2011-12-23T12:13:18+00:00December 23rd, 2011|Categories: Uncategorized|Comments Off on Tricks Credit Card Companies Use To Take Advantage Of You

The Rising Costs of Bankruptcy

In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act, commonly called BAPCPA. The act made sweeping changes to bankruptcy law that were intended to lower the number of all filings, especially Chapter 7 cases, while simultaneously preventing abuse of the system by those who viewed bankruptcy as an easy solution to their debt problems. The best way to meet those goals, Congress decided, was to make it harder to qualify for bankruptcy by requiring more [...]

By |2011-12-21T12:36:56+00:00December 21st, 2011|Categories: Uncategorized|Comments Off on The Rising Costs of Bankruptcy

New Year Edition of AZ’s January Bankruptcy Newsletter Available Now!

Read the New Arizona Bankruptcy Newsletter, January 2012   The New Year’s edition of our Pew Law Center Arizona Bankruptcy Newsletter, January 2012, is now available for you and yours to read and enjoy. We’ve included some interesting and practical articles in this month’s newsletter, so grab your morning coffee and take a look see at what’s happening. The Automatic Stay: How Filing for Bankruptcy Protects You Have you ever wondered how filing for bankruptcy stops [...]

By |2011-12-21T03:00:54+00:00December 21st, 2011|Categories: Bankruptcy|Comments Off on New Year Edition of AZ’s January Bankruptcy Newsletter Available Now!

Bankruptcy Relief Available for Arizona Military Service Members under the SCRA

The Service members’ Civil Relief Act (SCRA) was enacted to give active service members protection in certain civil actions that could adversely affect them during their military service. The act was designed to help active service members focus on their military duties without the distraction of civil legal actions. The act protects all members of the US military who are on active duty as well as US citizens serving in the military of US allies, and in some [...]

By |2011-12-20T12:07:07+00:00December 20th, 2011|Categories: Uncategorized|Comments Off on Bankruptcy Relief Available for Arizona Military Service Members under the SCRA

RoomStore Files For Bankruptcy

Another victim of the slumped housing market, the Richmond, Virginia, publicly held home furnishings seller RoomStore, Inc., (traded under the OTC Bulletin Board ticker symbol ROOM) is in financial trouble and filed for Chapter 11 Reorganization debt relief on December 12. Founded in Dallas, Texas, in 1992, the original RoomStore chain was purchased by the Heilig-Meyers Company in 1997. In 2000, however, Heilig-Meyers and all of its subsidiaries filed for Chapter 11 relief under the U.S. Bankruptcy Code. [...]

By |2011-12-19T11:35:00+00:00December 19th, 2011|Categories: Uncategorized|Comments Off on RoomStore Files For Bankruptcy

Warning: Be Sure to Visit an Approved Arizona Credit Counselor before Filing Chapter 7 Bankruptcy

If you are filing for Chapter 7 Bankruptcy in Arizona, or any other state in the US, you must be sure that all of your paperwork is in order before you file. For example, you need to complete credit counseling with a US trustee approved agency and receive a credit counseling certificate to file with your bankruptcy petition. If you file your bankruptcy petition before you have this certificate in hand, if the certificate is older than 180 days, [...]

By |2011-12-17T12:01:24+00:00December 17th, 2011|Categories: Uncategorized|Comments Off on Warning: Be Sure to Visit an Approved Arizona Credit Counselor before Filing Chapter 7 Bankruptcy

Alabama’s Jefferson County Files Chapter 9 Mega-Bankruptcy

In the late afternoon of Wednesday, November 9, Alabama’s Jefferson County filed for bankruptcy protection under Chapter 9, a chapter reserved for municipalities only. The county commissioners had struggled to reign in the county’s out-of-control debt, only to decide in a 4-1 vote to file under the U.S. Bankruptcy Code. “We’ve reached that last resort,” said County Commissioner Joe Knight, “We could continue and keep kicking this can down the road, but I think the people of Jefferson [...]

By |2011-12-14T12:59:34+00:00December 14th, 2011|Categories: Uncategorized|Comments Off on Alabama’s Jefferson County Files Chapter 9 Mega-Bankruptcy

Arizona Bankruptcy Means Test Calculator

While the 2005 bankruptcy laws were designed to make it more difficult for consumers to file for bankruptcy, many Arizona residents still qualify for Chapter 7 bankruptcy relief. If you are wondering about your Arizona bankruptcy options, you can use this handy calculator to find out if you qualify. The calculator will ask you some questions about your household size, median income, and expenses. In the end it will give you a good idea if you can qualify for [...]

By |2011-12-14T11:47:46+00:00December 14th, 2011|Categories: Bankruptcy|Comments Off on Arizona Bankruptcy Means Test Calculator