If you have filed or will file for chapter 7 bankruptcy in Arizona this year, you will want to discuss any tax refund with your bankruptcy attorney. The size of the refund and the timing of the bankruptcy filing should be considered. The Frutkin Law Firm, PLC, in Phoenix and Scottsdale, AZ, has experienced bankruptcy Read More »
Owing new taxes or back taxes to the state or federal government is a serious matter. Besides the taxes themselves, there are penalties and interest that must be paid on the outstanding amounts. The totals can quickly become staggering amounts of debt if left uncontrolled. Tax Debt and Arizona Chapter 13 Bankruptcy Some tax debt Read More »
If you file for bankruptcy in Arizona, you can expect your credit score to be lowered. But the extent of the damage might be mitigated by other factors. And many AZ residents find that their score has actually improved within a reasonable period after filing for bankruptcy. Credit Score Damage Before You File for Bankruptcy Read More »
No. Lien strips are not available in Arizona Chapter 7 bankruptcy, and can only be sought with a Chapter 11 bankruptcy or Chapter 13 bankruptcy filings in Arizona. Furthermore, lien stripping is a complicated procedure with many variables and it is important to consult with a knowledgeable bankruptcy attorney. The Frutkin Law Firm in Phoenix Read More »
Debts such as child support, spousal support, student loans and tax debts generally cannot be discharged in a Chapter 7 bankruptcy “fresh start” or any other chapter bankruptcy filing. However, the Chapter 13 bankruptcy process may be a helpful choice when filing for bankruptcy in Phoenix, Arizona, Chapter 13 bankruptcy does not necessarily eliminate these Read More »
Many residents of Arizona rightfully worry about the damage caused to their credit score if they file for bankruptcy. But it is often true that – once you are considering filing bankruptcy – your credit score is already damaged. This is especially true if you have missed payments on a mortgage, car loan, or credit Read More »
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