While it is possible to file for individual Chapter 7 bankruptcy in Phoenix, AZ, there are a number of factors to be considered before making that choice. For example, with Chapter 7 bankruptcy the household income of BOTH spouses is used to determine the Means Test (qualifications) for filing bankruptcy, even if you file separately.
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Posts Tagged ‘bankruptcy in Phoenix Arizona’
Filing Individual Bankruptcy in Phoenix Arizona Without Your Spouse
Tuesday, July 10th, 2012What is the Means Test for Bankruptcy in Phoenix Arizona?
Thursday, July 5th, 2012To file for consumer Chapter 7 bankruptcy in Arizona, there is a qualifying test known as a Means Test. It is a straight-forward determination of who qualifies for bankruptcy protection under the Chapter 7 bankruptcy statutes. Specifically, the Arizona Bankruptcy Code Means Test says: Section 707(b)(2) of the Bankruptcy Code applies a “means test” to
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HOA Dues and Bankruptcy in Phoenix Arizona
Wednesday, June 27th, 2012One of the main reasons AZ residents file for bankruptcy is overwhelming debt that includes their home. Whether people are trying to get out from under mortgage liabilities through Chapter 7 bankruptcy or looking to save their home by filing a Chapter 13 bankruptcy payment plan, a home is a significant part of the decision
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