Do you rent your residence? Is your landlord threatening to evict you? If so, bankruptcy may help you avoid eviction. In this article, I will discuss how bankruptcy affects eviction proceedings, how to determine if bankruptcy will be of benefit to you in stopping an eviction, and the requirements for stopping an eviction through bankruptcy. […]
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These are answers to some of the most frequent questions I hear from my Tucson and Mesa clients considering Chapter 13 bankruptcy. For a general overview of the Chapter 13 process, see our Chapter 13 Overview page. 1. When should I choose a Chapter 13 bankruptcy? As with any bankruptcy, you should choose Chapter 13 […]
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Bankruptcy can be very effective in eliminating debt and getting your life back on track. But for those trying to file for bankruptcy without a lawyer, mistakes can be costly (Read Should I Hire a Bankruptcy Attorney?). Unfortunately, once the bankruptcy is filed, mistakes become very difficult to fix. Here are the most common mistakes […]
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A common question I receive from military clients, and clients working in security-sensitive areas, is whether filing for bankruptcy will affect their security clearance. The short answer is that bankruptcy does not automatically disqualify someone from having a security clearance. In fact, in many cases I’ve handled, my client was required to file for bankruptcy […]
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One of the ways to deal with excessive debt is to negotiate a debt forgiveness or debt reduction agreement. However, most people are surprised to learn that the IRS can impose a tax on the amount forgiven or reduced. This article discusses the federal tax consequences of debt forgiveness and the options to deal with […]
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For those struggling to make their mortgage payments, and having even more difficulty getting their mortgage company to respond to their mortgage modification requests, a new mortgage modification mediation program administered through the bankruptcy courts can offer a solution. The new program provides a streamlined and transparent process, under the supervision of the bankruptcy court, […]
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It is a common misconception that bankruptcy will destroy a person’s credit for several year. Many of my Arizona bankruptcy clients think that restoring credit after bankruptcy is difficult or impossible. In fact, while bankruptcy may reduce a person’s credit score (depending on how high it is before bankruptcy), the credit score can be improved […]
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A common misconception is that filing for bankruptcy means financial failure. This could not be further from the truth, especially when it comes to businesses. Most businesses that file for bankruptcy do so in order to be able to continue operating. Business bankruptcy is simply a tool that allows a business to restructure its […]
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For those struggling with debt, hiring a bankruptcy lawyer can seem like yet another expense that they can’t afford. In the video below, bankruptcy judge Case from the District of Arizona Bankruptcy Court discusses the bankruptcy process and the implications of filing without a lawyer. This video should be watched by anyone considering bankruptcy, whether […]
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Debt collection scams are on the rise. In order to avoid being taken in by a scammer, read this article and find out what to look for when dealing with debt collectors.
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