Posts Tagged ‘Chapter 11’

When to Choose Arizona Chapter 11 Bankruptcy

Monday, April 15th, 2013

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
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Are Asset Exemptions the Same for All Chapters of Bankruptcy in Arizona?

Thursday, September 27th, 2012

Generally speaking, the limits for homestead and personal asset exemptions during bankruptcy are the same whether you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy in Arizona. These exemptions allow most debtors to maintain a simple household with reasonable transportation and means of work, and you will not be destitute. But remember, in a
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Filing for Bankruptcy Brings Conflicting Emotions

Friday, July 27th, 2012

To file for bankruptcy takes an emotional toll that is different for each person; there are so many different reasons to file bankruptcy in Arizona. Although the reasons may be different, many emotions will be shared including shame, fear, and anger. Most people experience all of those feelings individually, overlapping, and repeatedly. But there is
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If I File for Bankruptcy will My House be Foreclosed?

Tuesday, July 24th, 2012

Bankruptcy and foreclosure are separate legal actions under Federal and Arizona law. You do not have to file bankruptcy if your home is foreclosed, and you will not be foreclosed just because you file for bankruptcy. It is possible to keep your home in Chapter 7 bankruptcy, Chapter 11 bankruptcy, and Chapter 13 bankruptcy. To
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Chapter 11 Bankruptcy in Arizona is Not Just for Businesses

Monday, June 4th, 2012

Most residents faced with bankruptcy in Arizona are considering filing Chapter 7 bankruptcy or Chapter 13 bankruptcy, perhaps thinking that Chapter 11 bankruptcy is for businesses only. But certain individual circumstances can benefit from Chapter 11 bankruptcy rules. Individuals that have secured debts over $1,081,400 or unsecured debts higher than $360,475 may end up filing
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Is the Bankruptcy Boom in Arizona Over?

Wednesday, May 30th, 2012

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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