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 »
Businesses and individuals that have too much debt to qualify for Chapter 13 bankruptcy may choose to file Arizona Chapter 11 bankruptcy. Since there is no debt limit with a Chapter 11 case, it may be an alternative when the liabilities are over the debt limits of Chapter 13. Furthermore, some businesses with excessive debt 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 »
The decision to file for bankruptcy in Arizona is never easy. But there are some common signs that may indicate it is time to consult with an experienced bankruptcy lawyer. Your Debt Equals Half of Your Income If your debt reaches half of your income – or even close to half of your income – Read More »
Sometimes the older generations find it hardest to file for bankruptcy in Arizona. Though it is not easy for anyone, it seems especially difficult for this demographic. Many will go to unreasonable lengths to avoid AZ bankruptcy, even to the point of using their retirement savings to pay debts such as underwater mortgages, medical bills, Read More »
Our website has a great deal of information about bankruptcy for you. We provide the "Facts in Five" podcast to users of this site and through iTunes. Our podcast and blog is dedicated to providing in-depth information about bankruptcy and developments in bankruptcy law. Each update on the blog can be read or listened to in five minutes or less.