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Bankruptcy Myths and Misconceptions

German Yusufov October 15, 2019

There are several myths and misconceptions about bankruptcy floating around the internet. Some of them are spread by creditors and companies trying to sell “debt settlement” services. Others stem from...

Debt Settlement vs Bankruptcy: Pros and Cons

German Yusufov August 23, 2019

If you are struggling with debt that you cannot pay, you have probably been told, or have read on the internet, that two of the ways to deal with the...

How to Stop a Wage Garnishment Right Now

German Yusufov June 5, 2019

Have you received a notice from your employer that your wages are about to be garnished? Or, was your last paycheck garnished without you even knowing it would happen? In...

Common Questions About Chapter 13 Bankruptcy

German Yusufov February 18, 2019

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...

Will Arizona Bankruptcy Affect My Security Clearance?

German Yusufov January 21, 2017

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...

Form 1099-C and Debt Forgiveness in Arizona

German Yusufov January 8, 2017

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...

New Mortgage Modification Program Coming to Arizona

German Yusufov October 24, 2016

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...

How to Restore Your Credit After Bankruptcy in Arizona

German Yusufov June 13, 2016

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...

Can Business Bankruptcy in Tucson Help You Stay in Business?

German Yusufov April 17, 2016

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...

Do I Need a Bankruptcy Lawyer? – A Judge’s View

German Yusufov March 4, 2016

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...

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