Bankruptcy Myth: Only the financially irresponsible file for bankruptcy. Some people do file bankruptcy because of financial irresponsibility. If your first question during a bankruptcy consultation is, “How soon can I file again?”, you might be one of those people. However, most of the clients we see are considering bankruptcy because of uncontrollable life circumstances [...]
It’s hard to file for bankruptcy While a bankruptcy petition is a daunting document that can be over 60 pages long, the documents your attorney will need from you to file your petition is much more reasonable. Certain factors, like being married or recently divorced, only receiving social security income, and being involved in a [...]
Divorce is a complicated and most often a difficult experience for couples. It is especially hard when money is involved -- the emotional and financial connection is broken. Couples divorcing or end a relationship will have to decide how to split up anything and everything from furniture, possessions, the dog? and any debt that was [...]
Who is Going to Know About My Bankruptcy? Despite all the successful people who have filed bankruptcy, including Abraham Lincoln and Nicolas Cage, some people considering filing for bankruptcy are embarrassed about their financial situation. There is still a negative connotation when you hear someone filing for bankruptcy. It really shouldn't be that way as [...]
One of the most stressful parts of filing bankruptcy can be getting to and from unfamiliar law offices and courthouses. If you are considering filing bankruptcy in Arizona, you probably have enough on your mind without worrying about traffic and parking. There are a few steps involved in filing a Chapter 7 bankruptcy. Some must [...]
After determining that you are eligible to file Chapter 7 bankruptcy in Arizona, a bankruptcy petition is filed, and a meeting of creditors is scheduled at the bankruptcy court. The meeting of creditors is a step in the bankruptcy process. It is also called a 341 hearing (named so because it is required by section [...]
Things Remembered retail store is reported to be preparing to file Chapter 11 bankruptcy. According to reports, Things Remembered will close most of its 400 stores and file bankruptcy protection for financial restructuring. Things Remembered may also be seeking buyers for some of its stores. The mall-based store, Things Remembered, was founded 40 years ago. [...]
Unexpected Weather Brings Snow to the Valley Are You Prepared for an Unexpected Financial Storm? Snow falls in Arizona February 2019. An unexpected cold front has led to a rare snowfall in Southern Arizona this week. Areas such as Scottsdale, Goodyear, and Tucson saw the unexpected snowfall while in northern Arizona Flagstaff broke [...]
Bankruptcy Filings are rising among Baby Boomers A person’s golden years should be a period of time where one enjoys retirement, spoiling grandkids, and living a well-deserved, comfortable lifestyle after a lifetime of hard work and sacrifice. For older Americans, however, specifically the baby boomer generation, there is a growing trend towards bankruptcy. The massive [...]
6 Things to Look for When Searching for a Bankruptcy Lawyer The first thing you need to do after you decide to file for bankruptcy is to find the right bankruptcy lawyer. While you can file for bankruptcy on your own, you shouldn’t. There are too many opportunities to make mistakes, which can cost you [...]
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