Spring Training with February’s 2013 Arizona Bankruptcy Newsletter

Just in time for Spring Training in the Cactus League, we’ve covered a lot of territory in the February 2013 issue of the Pew Law Center’s Arizona Bankruptcy Newsletter. Here’s what you’ll find inside the pages of February’s newsletter:

Chapter 13’s Advantages Over Debt Management Programs

If you’re caught between a decision: A) to file for Chapter 13 bankruptcy, and B) to try avoiding collections by renegotiating what you owe under a debt management program, then you definitely need to read this article. On page one, we discuss four specific reasons why protection from creditors under Chapter 13’s wage earner plan is the best option for Arizonans struggling with unmanageable debt.

Pamela Anderson Owes Back Taxes

You remember Pamela Anderson from Baywatch? The Canadian-born actress and well-known PETA advocate has taken her career to new heights, along with her tax debt to the IRS!

Liquor Store Owner Tried to Evade Taxes

The owner of a Baltimore, Maryland, liquor store deliberately structured his bank deposits to hide over a million dollars in taxable income and profits from the IRS. The result? Forfeiture and prison.

Do Your Homework on Reverse Mortgages

You’ve probably heard about reverse mortgages, but do you know much about them? The reverse mortgage gives those aged 62 and older a chance to convert home equity into cash. The money is paid in a lump sum, a line of credit, or in monthly payments, all while the senior continues to reside in the home. The money from the reverse mortgage can be used for any purpose, to supplement Social Security, to pay medical expenses, or even to pay for home remodeling.

Expanded Warning on Grapefruit-Medication Interaction

Furanocoumarins – that’s the chemical found in grapefruit, limes, pomelos, and Seville oranges, often preventing the normal breakdown of prescription drugs. In the last few years more medications have been found to interact dangerously with furanocoumarins, causing harmful side effects.

Colorado Businesswoman Sentenced to Prison

A 72-year-old Fort Collins, Colorado, business owner and employer of 65 people was sentenced to six months in prison to be followed by another six-months of detention. Her crime? Failing to file federal employment tax returns and failing to turn over employee withholdings to the IRS.

Recall Hug N’ Tug Baby Toys

The U.S. Consumer Product Safety Commission announced a voluntary recall of Hug N’ Tug Puppy and Monkey toys designed for infants. The toys pose a choking hazard to young children. Find out which models of the Hug N’ Tug toys are recalled and who you should contact to report an injury or seek a free replacement.

Are you struggling with debt?  Put a stop to the debt collectors who keep hounding you for more and more money. The bankruptcy, foreclosure, and tax problem resolution attorneys with the Pew Law Center represent clients throughout the Metro Phoenix area. We’re here to help you, too. Call (480) 745-1770 to talk with a member of our Arizona legal team today.