Monthly Archives: June 2012

//June

More Subprime Fall-Out: ResCap Files Chapter 11

Remember Ally Financial, Inc., headquartered in Detroit, Michigan? Think subprime mortgages and historic lawsuit settlement. February’s Historic $25 Billion Settlement In what was the largest industry settlement since big tobacco in 1998, February 9 brought a settlement agreement between 49 states and the U.S. Department of Justice. The suit was brought against the five largest mortgage [...]

By |2012-06-25T10:25:33+00:00June 25th, 2012|Categories: Uncategorized|Comments Off on More Subprime Fall-Out: ResCap Files Chapter 11

Phoenix Homeowners Sinking as Mortgage Rates Fall

While U.S. mortgage rates trend toward record lows, even more Phoenix AZ homeowners are finding themselves underwater. Those in trouble with their finances can contact our Phoenix bankruptcy lawyers to have their questions answered for free. According to Zillow – the online “home and real estate marketplace” that analyzed and reported last month on 30-plus home-markets [...]

By |2012-06-18T14:32:46+00:00June 18th, 2012|Categories: Uncategorized|Comments Off on Phoenix Homeowners Sinking as Mortgage Rates Fall

What is the Difference between Credit Reporting Limits and the Statute of Limitations on Debt in Arizona?

When you get into financial trouble with creditors, it can be very confusing trying to sort out all the many terms that get thrown around as you try to get back on your feet. One area where many debtors get confused is the difference between how long a negative item can appear on their credit report and [...]

By |2012-06-12T11:50:36+00:00June 12th, 2012|Categories: Uncategorized|Comments Off on What is the Difference between Credit Reporting Limits and the Statute of Limitations on Debt in Arizona?

New Arizona Law Eases Financial Burden on Debt Collectors

Governor Jan Brewer signed a bill on May 9th that makes life a lot easier in Arizona, at least for credit card companies and debt collection agencies. Passage of House Bill 2664 allows these creditors to pursue credit card debt collection with minimal evidence. Under the new law, collection agencies can streamline their operations and improve [...]

By |2012-06-11T10:52:11+00:00June 11th, 2012|Categories: Uncategorized|Comments Off on New Arizona Law Eases Financial Burden on Debt Collectors

Is Arizona Job Outlook Improving in the Valley?

More employment opportunities may be coming soon to the Valley of the Sun if a recent report from CareerBuilder is right on the money. What is CareerBuilder? Launched in 1995 with headquarters in Chicago, CareerBuilder is now the largest job search engine in theU.S. and operates parallel websites in many other countries. Owned by the Tribune [...]

By |2012-06-10T10:26:37+00:00June 10th, 2012|Categories: Uncategorized|Comments Off on Is Arizona Job Outlook Improving in the Valley?

What You Need to Know When Filing for Bankruptcy Protection in Arizona

Bankruptcy protection is a powerful tool that can provide a fresh start for people from all walks of life and all states in the union. Like residents of other states, Arizona residents do have some special considerations when filing for bankruptcy. These include: Arizona Means Test: Before filing for bankruptcy in Arizona, you must measure your income against others [...]

By |2012-06-09T11:44:29+00:00June 9th, 2012|Categories: Uncategorized|Comments Off on What You Need to Know When Filing for Bankruptcy Protection in Arizona

Can an Overdue Library Book Ruin Your Credit?

While it may sound a little alarming, some Arizona residents may soon find an unpaid parking ticket or overdue library book ruining their credit scores. Most of us are used to the idea that on overdue credit card bill or neglected student loan can ding our credit scores, but a growing number of agencies across the US [...]

By |2012-06-06T11:39:25+00:00June 6th, 2012|Categories: Uncategorized|Comments Off on Can an Overdue Library Book Ruin Your Credit?

Will the Phoenix Short Sale Tax Exclusion Disappear Too Soon?

There are numerous reasons why someone would sell a home for less than what was paid, such as a job transfer, marriage and combining households, or an illness or death in the family. For many households in and around Phoenix, though, there are two other reasons: they are either underwater on their homes (owing more than [...]

By |2012-06-06T09:51:52+00:00June 6th, 2012|Categories: Uncategorized|Comments Off on Will the Phoenix Short Sale Tax Exclusion Disappear Too Soon?

In Bankruptcy, Arizona-based Bashas’ Finds a Wealth of Community Support

Like a lot of other Arizonans, I've been following the Chapter 11 Bankruptcy of Bashas’ supermarkets as it has unfolded over the last several months. As an Arizona icon and one of the state’s largest employers, the fate of Bashas’ is of interest to many Arizonans. What I have been most impressed with is the excellent example Bashas’ has set [...]

By |2012-06-03T11:34:53+00:00June 3rd, 2012|Categories: Uncategorized|Comments Off on In Bankruptcy, Arizona-based Bashas’ Finds a Wealth of Community Support

AZ Bankruptcy Newsletter, June 2012 – Repo’s, Montel Jordan and Dinosaurs

The Pew Law Center has a great issue in this month’s Arizona Bankruptcy Newsletter, June 2012, along with an important Valley safety alert that is a must read. Here is a preview of what you will find inside our first issue of the 2012 summer season: What Possessed Them to Repossess My Car? Are you wondering [...]

By |2012-06-02T12:00:13+00:00June 2nd, 2012|Categories: Bankruptcy|Comments Off on AZ Bankruptcy Newsletter, June 2012 – Repo’s, Montel Jordan and Dinosaurs

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