Junk Debt Buyer vs. Original Creditor: What Are the Differences and Why It Matters

By German Yusufov | Updated May 24, 2020

If you are being sued for a debt, such as a credit card, personal loan, or a medical bill, one of the most important factors in determining how you should defend the lawsuit is whether or not you are being sued by the original creditor or a junk debt buyer.  This article explains the differences […]

Unemployment Compensation Is Taxable in Arizona (with One Exception)

By German Yusufov | Updated May 24, 2020

Unemployment compensation is considered income, and is taxed the same way as other income, both by the federal government and by the state. There is currently only one exception to taxation of unemployment benefits. 

Top Questions to Ask When Filing for Bankruptcy in 2021

By German Yusufov | Updated May 24, 2020

How is bankruptcy going to help me deal with the change in financial circumstances? This is a question that must always be asked before filing for bankruptcy.

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 […]

Debt Settlement vs Bankruptcy: Pros and Cons

By German Yusufov | Updated May 24, 2020

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 debt is through either debt settlement or bankruptcy.  You have probably also read different opinions as to which one is better.  The truth is that […]

How to Stop a Wage Garnishment Right Now

By German Yusufov | Updated May 24, 2020

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 Arizona, a creditor can take up to 25% of your wages through garnishment. So if a garnishment happens unexpectedly, it can seriously hinder your ability […]

Should I Accept a Stipulated Judgment to Settle a Collection Lawsuit?

By German Yusufov | Updated May 24, 2020

If you are being sued by a creditor, the creditor may offer to “settle” the lawsuit by putting you on a payment schedule, provided that you agree to a stipulated judgment.  Most people faced with a lawsuit want to do anything that will put an end to it, and are happy to jump at any […]

Ultimate Guide to Stopping Garnishment in Arizona

By German Yusufov | Updated May 24, 2020

In this guide, we go into detail about garnishments: what they are, how they are initiated, and what you can do to stop a garnishment and avoid losing your assets.  As you read this, please keep in mind that this guide is intended to be informational only, that every situation is unique, and that you […]

Form 1099-C and Debt Forgiveness in Arizona

By German Yusufov | Updated May 24, 2020

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 impose a tax on the amount forgiven or reduced.  This article discusses the tax consequences of debt forgiveness and the options to deal with it. […]

How to Avoid Debt Collection Scams in Arizona

By German Yusufov | Updated May 24, 2020

Debt collection scams are on the rise. In order to avoid being taken in by a scammer, read this article and find out what to look for when dealing with debt collectors.

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

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