Blog

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...

How to Avoid Debt Collection Scams in Arizona

German Yusufov February 9, 2016

In recent months, I have been contacted by a number of people who have fallen victim to debt collection scams. The essence of the scam is as follows: the...

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...

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