Posts Tagged ‘means test’

Consider the Timing before You File for Bankruptcy in Arizona

Tuesday, May 28th, 2013

When you file for bankruptcy in Arizona, the main objective is to relieve an unreasonable debt burden and get back on your financial feet as quickly as possible. While it can be true that sooner is better than later, that is not always the case. The right timing to file for bankruptcy takes into consideration
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What is the Means Test for Bankruptcy in Phoenix Arizona?

Thursday, July 5th, 2012

To 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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Be Honest about Qualifying for Bankruptcy in Arizona

Thursday, February 16th, 2012

There is a Means Test for anyone that files for Chapter 7 bankruptcy in Arizona. It is a straight-forward determination of who qualifies for bankruptcy protection under the Chapter 7 bankruptcy statutes. To truly qualify, you must be honest and complete in all requested information. Income and Assets In a bankruptcy filing it is important
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Do Married Couples Always have to Declare Joint Bankruptcy?

Thursday, September 29th, 2011

In the United States, debts are the legal responsibility of the person or persons that sign the loan or credit paperwork. Therefore, debt acquired in both names belongs to both parties and one spouse filing for bankruptcy does not relieve the non-filing spouse of the obligation to pay. In any state that also has a
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Timing Considerations when Filing for Bankruptcy

Monday, March 21st, 2011

The timing of filing for bankruptcy will vary depending on your individual circumstances. Whether it will benefit you to file sooner or later is a matter to be discussed with qualified bankruptcy attorneys such as those at The Frutkin Law Firm, PLC, in Phoenix, Arizona.

Can I File Bankruptcy Alone Without My Spouse Being Affected?

Thursday, October 14th, 2010

While it is possible to file for individual bankruptcy without your spouse, there are a number of factors to be considered before making that choice.