Blog

Debt Collectors Sanctioned for Deceptive Practices

German Yusufov November 11, 2015

The Consumer Financial Protection Bureau (CFPB) recently sanctioned two of the largest debt collectors for deceptive and abusive debt collection practices. The two entities are Portfolio Recovery Associates and Encore...

Court Expands Mortgage Interest Deduction

German Yusufov November 11, 2015

In a recent decision, the 9th Circuit Court of Appeals expanded the mortgage interest deduction, effectively doubling the deduction limits for unmarried co-owners. The decision has important implications for individuals...

4 Steps to Avoiding Bankruptcy in Arizona

German Yusufov October 21, 2015

I often get asked by prospective clients in Tucson and Mesa if bankruptcy is the only option available to deal with their debt problems. The truth is, bankruptcy is not...

Difference between the U.S. Trustee and a Bankruptcy Trustee?

German Yusufov March 15, 2015

If you’re considering bankruptcy in Arizona, you’ve probably come across terms like “U.S. Trustee” and “Bankruptcy Trustee.” While both play essential roles in a bankruptcy case, their responsibilities and authority...

Debts Not Discharged in Chapter 7 Bankruptcy

German Yusufov February 10, 2015

A Chapter 7 bankruptcy discharges many types of debt. However, there are some debts that are not discharged in Chapter 7. The list of non-dischargeable debts appears in section 523...

Can Bankruptcy Help an Arizona Real Estate Investor Keep Investment Property?

German Yusufov September 13, 2014

Real estate bankruptcy has risen. With the financial downturn of the last several years, and the corresponding deterioration of lease rates for real estate, many real estate investors have found...

The Basics of Financial Planning and Dealing with Debt

German Yusufov December 13, 2013

As a bankruptcy attorney, I am used to counseling individuals and families who are struggling with debt. But what I still cannot get used to seeing is how well-meaning people,...

Can A Creditor Come After Me If I Co-Signed For A Loan?

German Yusufov November 28, 2013

The short answer is yes. I see this situation all the time: parents co-sign loans for their children, family members co-sign for each other, and friends co-sign for friends. Then,...

Should I Hire A Bankruptcy Attorney?

German Yusufov February 9, 2011

If you are considering bankruptcy, your finances are probably already very tight, so paying for a bankruptcy attorney can seem almost counter intuitive--after all,if you had the money to pay...

Going Through A Mortgage Modification While Behind On Mortgage Payments? Read This First.

German Yusufov October 28, 2010

I get contacted almost every week by people who were attempting to do a mortgage modification (also known as loan modification) through their mortgage company, but ended up losing their...

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