Some have referred to a boom in bankruptcies filed in Arizona and, it seems, felt safer filing for bankruptcy themselves in the middle of a tidal wave of bankruptcy. However, filing for bankruptcy in AZ should be based on individual circumstances and should not be hurried simply because of perceived volume. Reasons and timing for
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Posts Tagged ‘bankruptcy filing’
Is the Bankruptcy Boom in Arizona Over?
Wednesday, May 30th, 2012What is Chapter 13 Bankruptcy in Arizona?
Monday, April 30th, 2012Of the two common types of bankruptcy in Arizona used by individuals, chapter 13 is broader and allows for more flexibility in retaining assets. Because the goal of Chapter 13 bankruptcy is to repay debt – rather than eliminate debt – this bankruptcy filing allows for a greater range of debt to be included and
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What is Chapter 7 Bankruptcy in Arizona?
Monday, April 23rd, 2012Chapter 7 bankruptcy is the most common type of bankruptcy filed by individuals in Phoenix and Scottsdale, Arizona. Known as the liquidation bankruptcy, chapter 7 bankruptcy allows an individual or couple to make a financial fresh start by discharging most of their debt – eliminating debt. All non-exempt property will be sold and the proceeds
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The Decision to File for Bankruptcy in Arizona
Monday, April 16th, 2012Filing for bankruptcy in Arizona is an emotionally difficult thing to do. While there are an uncountable number of reasons why bankruptcy may occur, all of those reasons boil down to just three strong emotions: shame, fear, and anger. Throughout the process of bankruptcy filing you may experience any or all of those feelings, and
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When is the Right Time to File for Bankruptcy?
Thursday, April 5th, 2012The answer to that question is as varied as the number of individuals and the wide range of reasons that people file for bankruptcy in the first place. It helps to have professional guidance, and the bankruptcy lawyers at The Frutkin Law Firm, PLC, in Phoenix and Scottsdale, AZ, have decades of experience in helping
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Red Flags when Filing for Bankruptcy
Wednesday, February 29th, 2012Before you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy in Arizona, you should seek the advice of experienced bankruptcy attorneys. Knowledgeable bankruptcy lawyers can help you identify any actions that might appear to be red flags to a bankruptcy trustee. Examples of these actions might be: Running up balances on credit cards prior
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