Monthly Archives: February 2017

If you guessed the biggest source of bankruptcy in America is credit card bills or home mortgages, you are wrong. Many recent studies show medical debt is the biggest cause of bankruptcy in the United States. While Obamacare aims to make medical insurance more affordable, many of us still cannot afford to pay for health insurance or quality healthcare. Many of our clients have anywhere from a few thousand dollars in medical debt to tens of thousands of [...]

Owing money to the Internal Revenue Service (IRS) can be extremely stressful and intimidating. There are also very real consequences when it comes to owing money to the IRS. This is a federal agency with a lot of power. They can garnish your wages, seize your assets, and even place a lien on your property to get the money you owe. You can either face this frightening situation on your own or get an experienced IRS tax attorney [...]

Bankruptcies in Arizona dropped for the sixth straight year in 2016. However, according to a news report in The Arizona Republic, rising debt levels and delinquencies on some loans, including credit cards, are causing concern among many. These are signs, experts say, that the decline in the number of bankruptcies statewide might not be a trend that is sustainable. According to tabulations by the U.S. Bankruptcy Court in Phoenix, the number of consumers and small businesses statewide filing [...]

The federal government and the Washington state Attorney General sued Navient, which was formerly part of Sallie Mae, accusing them of cheating borrowers out of their repayment rights. According to a CNN Money news report, another lawsuit filed by the Illinois Attorney General named both Navient and Sallie Mae. Officials with the Consumer Financial Protection Bureau, which brought forth the lawsuit, say Navient cut corners and deceived consumers at every stage of repayment in order to save on [...]

"My bankruptcy is simple." As a Chandler AZ bankruptcy lawyer, these words always make me cringe. I've heard these words time and time again. In fact, I recently heard it from a person who came in to see if bankruptcy was an option. She was adamant that hers was a "simple bankruptcy" because it was "just credit card debt." She also mentioned how she had done her own research and had determined that her assets - her car [...]

Getting out of a mountain of debt can often seem overwhelming, even impossible at times. The road to financial freedom and security may appear arduous, but those goals are within striking distance if you make a firm commitment to living within your means. Becoming debt-free and financially secure is possible with a disciplined plan and sound strategy. But, at the same time, it is also important that you steer clear of some of the pitfalls and common errors [...]