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What to Do If You’re Going Bankrupt & Getting Divorced

As if going through a divorce isn't stressful enough, adding financial struggles on top of it is enough to send anyone into a panic. But if you find yourself going through this, don't worry, you're not alone. In fact, divorce is one of the top reasons individuals find themselves going bankrupt. Before making any major decisions concerning your divorce [...]

By |2019-02-12T22:08:10+00:00July 18th, 2017|Categories: Bankruptcy|Comments Off on What to Do If You’re Going Bankrupt & Getting Divorced

Student Loan Help: What are Your Options?

Student loan debt is an epidemic millions of students have to endure. In fact, stats show there are 44.2 million Americans living with student loan debt. Forbes calls student loan debt the $1.3 trillion crisis. That’s about $37,172 per graduate for the class of 2016, which is a 6% increase from 2015. Student loan help is big business for lenders [...]

By |2019-02-12T22:14:48+00:00July 16th, 2017|Categories: Bankruptcy|Comments Off on Student Loan Help: What are Your Options?

5 Questions You Must Ask Your Arizona Bankruptcy Lawyer

Debt collectors are calling non-stop and with each passing day you're moving closer to filing bankruptcy. Financial woes can wreak havoc on your emotional health and the burden can impact other aspects of your life. Choosing bankruptcy is a decision that should not be taken lightly. Ask yourself if you have exhausted all efforts to work with creditors. [...]

By |2019-02-12T22:25:35+00:00July 14th, 2017|Categories: Bankruptcy|Comments Off on 5 Questions You Must Ask Your Arizona Bankruptcy Lawyer

5 Major Benefits of Bankruptcy for Individuals

Arizonians who are experiencing financial struggles, take heart: in 2016, 10% fewer people filed for bankruptcy than 2015. Still, for those who need help, the benefits of bankruptcy can greatly outweigh the pain of proceeding with the filing process. Read on to find out why getting help may be the best investment in your financial future. 1. That [...]

By |2019-02-12T22:26:10+00:00July 12th, 2017|Categories: Bankruptcy|Comments Off on 5 Major Benefits of Bankruptcy for Individuals

5 Things You Must Know About Arizona Bankruptcy Law

Debt is something most people have to deal with at some point in their lives. It’s how the country we live in works. You rely on your credit to propel you forward in life. But what happens when you fall too far behind? Paying off debts becomes harder over time due to interest rates. There were [...]

By |2019-02-12T22:26:47+00:00July 10th, 2017|Categories: Bankruptcy|Comments Off on 5 Things You Must Know About Arizona Bankruptcy Law

Federal Student Loan Interest Rates to Increase in the Fall

American families have been benefiting from historic lows on student loan interest rates for the last decade or so. But, that's all about to change this fall. According to a news report in The Washington Post, interest rates on federal student loans will increase by seven-tenths of a percentage point as a result of the Treasury [...]

By |2017-06-21T05:25:14+00:00June 21st, 2017|Categories: Bankruptcy|Tags: , , |Comments Off on Federal Student Loan Interest Rates to Increase in the Fall

Report States ACA Helped Bring Down Personal Bankruptcy Filings

A new analysis by Consumer Reports shows that the Affordable Care Act (ACA), also known as Obamacare, was among the likely factors that helped with a big decrease – nearly 50 percent – in personal bankruptcy filings in the last six years. Other factors such as new bankruptcy laws, a rebounding economy and tighter credit requirements, [...]

By |2017-06-15T00:00:09+00:00June 15th, 2017|Categories: Bankruptcy|Tags: , , , |Comments Off on Report States ACA Helped Bring Down Personal Bankruptcy Filings

More Arizonans Are Complaining about Medical Debt Collectors

A new report shows that Arizonans have filed 439 complaints with the Consumer Financial Protection Bureau (CFPB) about medical debt collectors since the bureau started tracking such complaints in 2013. This is apparently the 11th highest rate of complaints in the nation, according to a Cronkite News report. The report issued by the U.S. Public Interest [...]

By |2017-06-08T04:22:39+00:00June 8th, 2017|Categories: Bankruptcy|Tags: , , , , |Comments Off on More Arizonans Are Complaining about Medical Debt Collectors

Talking to Children about Money Troubles and Bankruptcy

When you are going through financial troubles, you don't often notice that your kids are watching. You cancel cable television. You are not going on vacations or eating out that often. Birthday parties or holiday gatherings are not as festive as they used to be. While you may think that children don't notice, the truth is [...]

By |2017-06-08T04:17:55+00:00June 8th, 2017|Categories: Bankruptcy, Money Matters|Tags: , , , , |Comments Off on Talking to Children about Money Troubles and Bankruptcy

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 [...]

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

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