Is There a Right Time to File for Bankruptcy in Arizona?

By German Yusufov | Updated May 24, 2020

A question I often encounter from my Tucson and Phoenix clients is if there is a right time to file for bankruptcy.  Bankruptcy can help eliminate many types of debt and provide immediate debt relief.  However, many Arizona residents going through financial struggles view bankruptcy as the last resort and try to delay filing for […]

Top Questions to Ask When Filing for Bankruptcy in 2021

By German Yusufov | Updated May 24, 2020

The COVD-19 pandemic that has been gripping the world over the last year has upended daily life for the majority of people both nationwide and in Arizona. The most serious impact of the pandemic has of course been on people’s health, and the terrible and tragic loss of hundreds of thousands of lives. For many […]

What will I lose if I file for bankruptcy?

By German Yusufov | Updated May 24, 2020

There is a common misconception that a person filing for bankruptcy will lose everything he or she has.  That is not true.  Both the bankruptcy law and state law provide a set of “exemptions” that can be used to protect many common assets.  See our article on Assets You Can Keep in Bankruptcy.  But there […]

Role of Creditors in Bankruptcy in Arizona

By German Yusufov | Updated May 24, 2020

Bankruptcy is designed to give individuals and businesses a fresh financial start.  However, another purpose of bankruptcy is to ensure that the creditors are treated fairly.  Therefore, the Bankruptcy Code gives the creditors a right to participate in the bankruptcy.   Most debtors who are represented by a bankruptcy lawyer will never have to personally deal […]

Do I Qualify for Chapter 7 Bankruptcy?

By German Yusufov | Updated May 24, 2020

In a recent year, more than 477,000 consumers and businesses filed for Chapter 7 bankruptcy in United States Bankruptcy Courts across the country. This type of bankruptcy is faster than Chapter 13, so consumers can move forward with a clean slate much sooner. However, bankruptcy law prohibits just anyone from filing a Chapter 7 case […]

How Long Does a Bankruptcy Case Take?

By German Yusufov | Updated May 24, 2020

When you make the decision to file bankruptcy, it is important that you understand how the process generally works. One of the first questions we hear is, how long will the bankruptcy case take to be resolved? It is understandable to want to know how soon you might receive a discharge of your debts and […]

Did You Know that You Can Keep Assets after Filing Bankruptcy?

By German Yusufov | Updated May 24, 2020

United States bankruptcy law isn’t designed to leave petitioners in a worse position than when they sought relief. This would only perpetuate further financial struggles and bankruptcy. Instead, filing for bankruptcy is often the first step in achieving financial freedom. Only one type of bankruptcy, Chapter 7, actually forces the liquidation and distribution of your […]

Facing Bankruptcy in Tucson?

By German Yusufov | Updated May 24, 2020

Although commonly seen as a last resort, bankruptcy is actually a new beginning. Bankruptcy protections were written into the United States Constitution because they provide struggling Americans with an avenue to financial freedom. Many Tucson residents and businesses are considering filing for bankruptcy in Arizona, and there are multiple types of bankruptcy designed to address […]

Filing for Bankruptcy in Tucson – Now What?

By German Yusufov | Updated May 24, 2020

When you make the important decision to file for bankruptcy, you must start your case by filing a petition with the proper bankruptcy court. The petition and supporting documentation are extensive, and once they are filed, what can you expect next? While each case is different, the following is a general idea of the path […]

Taking the Necessary Steps to Prevent Bankruptcy

By German Yusufov | Updated May 24, 2020

Bankruptcy laws provide debt relief for consumers in the Phoenix area, the State of Arizona, and across the United States. However, with the benefits of bankruptcy also come requirements that must be met in order to qualify. In addition, bankruptcy can have drawback, such as the potential impact on the credit score, and loss of […]

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To discuss your financial situation and learn more about your
debt relief options, give us a

call at (520) 745-4429 or (480) 788-0098

Free Consultation

To discuss your financial situation and learn more about your
debt relief options, give us a

call at (520) 745-4429 or (480) 788-0098