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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...
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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...
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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...
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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...
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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...
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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...
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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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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...
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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...
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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...
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