Monthly Archives: May 2017

Do I Have to Pay Taxes on Canceled Debt?

When debts are canceled or forgiven, the Internal Revenue Service considers those canceled debt as taxable income. So, when the amount of a loan or mortgage is canceled or forgiven, the IRS taxes that amount as if the borrower earned it as income. But, it is important to understand that the law allows exemptions in certain situations. If your canceled debt is subject to taxation, you will get a form 1099-C (Cancellation of Debt) from the lender showing [...]

By |2017-05-20T01:01:29+00:00May 20th, 2017|Categories: Bankruptcy|Comments Off on Do I Have to Pay Taxes on Canceled Debt?

Arizona Ranks Seventh Lowest in Student Loan Debt

A new study by LendEDU, an online marketplace for student loan financing, shows that Arizonans are well below the national average when it comes to student debt. According to an article in The State Press, the average college student in Arizona owes about $23,594 compared to a national average of $28,400. To do this study, LendEDU calculated the average student debt in all 50 U.S. states and their congressional districts. The report also said that about 53 percent [...]

By |2019-02-27T18:19:10+00:00May 15th, 2017|Categories: Bankruptcy, Money Matters|Comments Off on Arizona Ranks Seventh Lowest in Student Loan Debt

Common Myths about Uninsured and Underinsured Motorist Insurance in Arizona

Auto insurance is a complex issue. Arizona requires all drivers to insure their cars with at least $15,000 per person for bodily injury liability and $30,000 per accident when more than one person suffers injuries. State legislators are working to raise this minimum insurance requirement. In addition to this minimum insurance requirement, motorists also have the option to purchase uninsured motorist and underinsured motorist coverage. When You Need to Use It You may need to use this type [...]

By |2017-05-10T01:01:36+00:00May 10th, 2017|Categories: Personal Injury|Comments Off on Common Myths about Uninsured and Underinsured Motorist Insurance in Arizona

What is the Statute of Limitations for Medical Malpractice Claims?

The following post is from Percy Martinez Law Firm in Orlando, FL. Every law has a set time frame for filing a medical malpractice claim. Not only does it apply to medical malpractice claims, but to any other legal claim that wants to be filed. This is called "statute of limitations." Below will be described how important it is to file a medical malpractice within its time frame and how a claim will be affected by the statute [...]

By |2019-09-19T07:07:53+00:00May 5th, 2017|Categories: Personal Injury|Comments Off on What is the Statute of Limitations for Medical Malpractice Claims?

Drivers Warned to Secure Their Loads on Arizona Roadways

Arizona Department of Public Safety (DPS) officials are warning all drivers who are transporting anything in their vehicles across the state's roadways are responsible for securing their loads. According to 12news.com report, DPS troopers say they see a whole lot of debris littering Arizona's roadways from wheelbarrows and landscaping equipment to furniture and Christmas trees, posing serious injury hazards to drivers. The Danger of Dropped Loads If you've had a small rock hit your windshield while you're driving [...]

By |2017-05-02T01:01:57+00:00May 2nd, 2017|Categories: Bankruptcy|Comments Off on Drivers Warned to Secure Their Loads on Arizona Roadways