Monthly Archives: December 2017

Does Bankruptcy Negate Alimony?

Alimony payments, also known as "spousal support" is often paid after a divorce by the spouse who earns substantially more money than the other person to whom he or she has been married for several years. Courts rarely award alimony in marriages that have ended quickly or in cases where both spouses earn almost equal income. Alimony payments are typically worked into your separation agreement by your divorce lawyer and are paid monthly on a date set by [...]

By |2019-02-12T21:59:03+00:00December 30th, 2017|Categories: Bankruptcy|Comments Off on Does Bankruptcy Negate Alimony?

Does Bankruptcy Eliminate a Second Mortgage?

You may be able to eliminate a second mortgage in a bankruptcy and that depends on whether you file a Chapter 7 or Chapter 13 bankruptcy. A second mortgage, which is also known as a home equity line of credit or HELOC is a loan that allows you to borrow money against your home's value. Your property is essentially an asset, which acquires value over time. A home equity line of credit works pretty much like a credit [...]

By |2019-07-24T21:24:09+00:00December 24th, 2017|Categories: Bankruptcy|Comments Off on Does Bankruptcy Eliminate a Second Mortgage?

How Do I Keep My House and File for Bankruptcy?

As Arizona bankruptcy attorneys, we often come across individuals or families that will hesitate for file for bankruptcy protection even though they are drowning in debt and are living from paycheck to paycheck. And they do this because they fear losing their home as part of the process. Before you file for bankruptcy and decide what type of bankruptcy you want to file, it is important that you understand how a bankruptcy might affect your home ownership. Will [...]

By |2019-02-12T21:59:43+00:00December 1st, 2017|Categories: Bankruptcy|Comments Off on How Do I Keep My House and File for Bankruptcy?