When filing for bankruptcy, there are homestead exemptions that protect the equity of your home. Read on to learn more about the Arizona specific homestead exemption.
Just like with any legal actions or processes, there are rules that vary from state to state. When it comes to declaring bankruptcy in the state of Arizona, there are some exemptions that you will come across.
Bankruptcy will, without a debt, be picked up by the major credit reporting agencies and will have a significant impact on your credit score.
If you are expecting a tax refund and have also recently filed for bankruptcy, or will be filing for bankruptcy, it’s important to know how that tax refund will be treated.
When you file for bankruptcy, an automatic stay is immediately put into effect. While an automatic stay can be helpful for debtors looking for relief, it’s important to know that there are some exceptions that will not be covered by the automatic stay.
How a personal bankruptcy will affect an ownership interest in a small business is dependent on the type of business as well as what form of bankruptcy (Chapter 7 or Chapter 13) is filed.
Bankruptcy is a great way to discharge debt so that you can move forward with a clean financial slate. It’s proven to be an effective tool for both consumers and businesses, but it’s important to know that bankruptcy is not the same for consumers and business.
Before a debtor can be considered eligible to file Chapter 7 bankruptcy he or she must first pass the “means test.
Filing for Chapter 7 bankruptcy can feel overwhelming, but the process is actually fairly straight-forward. As always, it’s advised that you work with a bankruptcy attorney to help guide you through the process.
We talk a lot about secured and unsecured debt in bankruptcy. Unsecured debts are debts that do not have property attached to them, and thus cannot be garnished by a creditor (unless through specific court orders).