Posts Tagged ‘Phoenix’

Lien Strips Require Chapter 13 Bankruptcy in Phoenix

Monday, June 11th, 2012

The status of a lien – whether fully or partially secured, or completely unsecured – makes a big difference in the bankruptcy process in Phoenix, Arizona. Lien strip – or stripping a lien – means to have a lien removed from title making the debt completely unsecured. A lien strip in bankruptcy often happens with
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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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Jonathan Frutkin is First Arizona Attorney Awarded Distinguished Service Honor from NACBA

Monday, May 21st, 2012

The National Association of Consumer Bankruptcy Attorneys, NACBA, has recognized Jonathan Frutkin of Radix Law, with a Distinguished Service Award at its 20th annual convention in San Antonio, Texas. Frutkin is the first Arizona attorney to receive that honor. Frutkin serves as Advocacy Leader for the NACBA, responsible for defending the rights of consumers and
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What is Chapter 11 Bankruptcy in Arizona?

Wednesday, May 9th, 2012

Chapter 11 bankruptcy in Arizona is for businesses and individuals that have too much debt to qualify for Chapter 13 bankruptcy. It is a reorganization bankruptcy, where businesses or individuals propose a plan to repay creditors while the business remains open and running, assets remain in your control, and you work to achieve a fresh
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What is Chapter 13 Bankruptcy in Arizona?

Monday, April 30th, 2012

Of the two common types of bankruptcy in Arizona used by individuals, chapter 13 is broader and allows for more flexibility in retaining assets. Because the goal of Chapter 13 bankruptcy is to repay debt – rather than eliminate debt – this bankruptcy filing allows for a greater range of debt to be included and
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What is Chapter 7 Bankruptcy in Arizona?

Monday, April 23rd, 2012

Chapter 7 bankruptcy is the most common type of bankruptcy filed by individuals in Phoenix and Scottsdale, Arizona. Known as the liquidation bankruptcy, chapter 7 bankruptcy allows an individual or couple to make a financial fresh start by discharging most of their debt – eliminating debt. All non-exempt property will be sold and the proceeds
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