Posts Tagged ‘tax debt’

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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Arizona Chapter 13 Bankruptcy Will Not Eliminate Tax Debt

Tuesday, July 31st, 2012

Tax debt is generally not discharged as the result of a bankruptcy filing; most tax debts must be paid in full. Filing Chapter 13 bankruptcy in Arizona is still a smart way to handle back taxes. In the Chapter 13 bankruptcy process, the bankruptcy court will determine which of your creditors are repaid, at what
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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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What Debts are NOT Discharged during Bankruptcy?

Wednesday, December 28th, 2011

Not all debt is seen as equal during a bankruptcy filing and there are some debts that cannot be routinely discharged in a Chapter 7 bankruptcy or Chapter 13 bankruptcy. The most common types of debt that cannot be discharged are child support, student loans, and tax debt. Child support and back child support will
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