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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...

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...

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...

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