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 »
The Student Loan Crisis is as Bad in Arizona as Everywhere Else Almost any Arizona bankruptcy lawyer has seen the serious debt crisis brought on by student loans. One notable result of the recent economic recession has been bankruptcy filings that include student loan debt accrued by young people entering college, parents assisting their children 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 »
If you are considering filing for Chapter 7 bankruptcy in Phoenix, Arizona, consult with a qualified bankruptcy attorney before you make any irregular, unscheduled, or large payments to creditors. Any payments made prior to an AZ bankruptcy filing will be reviewed by the bankruptcy trustee. You must make payments to all of your creditors or Read More »
There is an old-school rule of debt management that states that filing bankruptcy should be a last resort. With the economic crisis in the US of recent years, that old school thinking may not be right for today’s financial problems. Health Considerations of Bankruptcy Putting off filing for bankruptcy in Phoenix or Scottsdale, AZ, could Read More »
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