Category Archives: Bankruptcy

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

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…

Read more

How Can I Get a Bankruptcy Exemption in Arizona?

When you file for bankruptcy, it does not mean that you have to give up everything you own. Through what are known as “bankruptcy exemptions,” you can keep some or ALL of your assets safe, even during a bankruptcy. Bankruptcy exemptions can play a significant role in Chapter 7 and Chapter 13 bankruptcy. In Chapter 7, exemptions can help determine…

Read more

Discover Why Filing for Bankruptcy on the Wrong Day of the Week Could Cost You Thousands – And What the Right Day Is Instead!

Friday is undoubtedly one of the most popular days of the week. But did you know that Friday is the WORST day for filing bankruptcy? If you’re thinking about filing for bankruptcy, it’s important to plan carefully in order to protect your assets and keep as many of them as possible. Filing for bankruptcy is a complicated process that can…

Read more

What Will the Neighbors Think? How to File for Bankruptcy Without Anyone Knowing

Have you heard that filing for bankruptcy could provide relief from your financial struggles – but you’re worried about what your neighbors, coworkers, or family might think? That’s one worry that you can write off completely. The truth is that most people will never find out that you filed for bankruptcy unless you tell them. A Common Myth, Unveiled It’s…

Read more