Arizona Bankruptcy Timeline Infographic

All times are approximations based upon typical experiences. Yours could vary, so if the timing of your case is critical because you plan to move or some other reason, let us know as early as possible so we can plan around it. Although there is some flexibility, federal court appearance is mandatory. Failure to attend can result in dismissal of…

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Is Medical Debt Driving You to Bankruptcy?

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…

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Seven Strategies to Help Settle Your IRS Tax Debts

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…

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Arizona Bankruptcies Fall for the Sixth Straight Year

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…

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Is There Life After a Bankruptcy?

Getting your life back together after a bankruptcy¬†can seem overwhelming and extremely intimidating. By the time you file for bankruptcy, you are probably stressed out because your credit is in shambles, you can’t make your mortgage payments or pay bills and you are in danger of losing your possessions you worked so hard to acquire. If you recently filed for…

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Government Accuses Loan Company of Deceiving Consumers

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…

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There’s No Such Thing as a Simple Bankruptcy

“My bankruptcy is simple.” As a Phoenix 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…

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Mistakes People Make When Getting Out of Debt

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…

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