A question I often encounter from my Tucson and Phoenix clients is if there is a right time to file for bankruptcy. Bankruptcy can help eliminate many types of debt and provide immediate debt relief. However, many Arizona residents going through financial struggles view bankruptcy as the last resort and try to delay filing for […]
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The COVD-19 pandemic that has been gripping the world over the last year has upended daily life for the majority of people both nationwide and in Arizona. The most serious impact of the pandemic has of course been on people’s health, and the terrible and tragic loss of hundreds of thousands of lives. For many […]
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There is a common misconception that a person filing for bankruptcy will lose everything he or she has. That is not true. Both the bankruptcy law and state law provide a set of “exemptions” that can be used to protect many common assets. See our article on Assets You Can Keep in Bankruptcy. But there […]
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Bankruptcy is designed to give individuals and businesses a fresh financial start. However, another purpose of bankruptcy is to ensure that the creditors are treated fairly. Therefore, the Bankruptcy Code gives the creditors a right to participate in the bankruptcy. Most debtors who are represented by a bankruptcy lawyer will never have to personally deal […]
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In a recent year, more than 477,000 consumers and businesses filed for Chapter 7 bankruptcy in United States Bankruptcy Courts across the country. This type of bankruptcy is faster than Chapter 13, so consumers can move forward with a clean slate much sooner. However, bankruptcy law prohibits just anyone from filing a Chapter 7 case […]
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When you make the decision to file bankruptcy, it is important that you understand how the process generally works. One of the first questions we hear is, how long will the bankruptcy case take to be resolved? It is understandable to want to know how soon you might receive a discharge of your debts and […]
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United States bankruptcy law isn’t designed to leave petitioners in a worse position than when they sought relief. This would only perpetuate further financial struggles and bankruptcy. Instead, filing for bankruptcy is often the first step in achieving financial freedom. Only one type of bankruptcy, Chapter 7, actually forces the liquidation and distribution of your […]
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For those who have fallen behind on their mortgage payments as a result of the coronavirus pandemic, the CARES Act passed by Congress in March 2020 may offer you protection. The protections and scope of this law are explained below: What mortgages are covered under the CARES Act? In order to be covered under this […]
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With millions of people currently out of work due to the coronavirus pandemic, many people are falling behind on their rent payments, and are worried about eviction. The good news is that the recently-passed CARES Act imposes a moratorium (pause) on evictions due to non-payment of rent or other charges. The moratorium does not cover […]
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