Filing for Bankruptcy in Arizona is Different Than Other Parts of the Country Most of the bankruptcy information that consumers will find online is geared towards a national audience. In many ways, this makes sense as the chapter 7 process is somewhat similar throughout the country. The bankruptcy code is federal law, meaning that its [...]
Arizona Bankruptcy Law
Analysis of Arizona bankruptcy laws
Dealing With a Financial Surprise
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There are two typical types of financial setbacks that lead to bankruptcy for most people: a huge surprise, and a slow and steady increase in debt. If you are on the surprise side of things, as many of us are from time to time, it is important to follow several important steps. If you just [...]
Am I Protected by the Arizona Anti-Deficiency Statute?
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Am I Protected by Arizona’s Anti-Deficiency Law After Foreclosure? When most families purchase a home, they don’t envision ending up facing a foreclosure sale, but in states like Arizona where the housing market has been particularly hard hit, foreclosure is an all too common event. In cases where a home has plummeted in value, borrowers [...]
How Do I Choose A Good Bankruptcy Attorney?
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Characteristics of a Good Bankruptcy Attorney If you’re faced with the unfortunate task of filing for bankruptcy, there’s nothing more important than having a highly qualified Arizona bankruptcy attorney by your side. Not only do reliable bankruptcy attorneys help seamlessly guide you through the process, but they can also make sure you get the full benefit [...]
Is a transfer of property allowed before bankruptcy? Is this considered fraud?
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A creditor or trustee can challenge many things in a bankruptcy case. One of which is called avoidance of fraudulent conveyances. Under this rule, a fraudulent conveyance is a transfer of property from the debtor to another person in order to defraud creditors. If you transfer under certain circumstances, such as in anticipation of bankruptcy, [...]
How Bankruptcy Impacts a Cosigner
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How bankruptcies affect cosigners When filing for bankruptcy, it’s important to understand the consequences. Although most of the consequences will fall squarely on you, a bankruptcy could have negative ramifications on your cosigners. Even though it’s always crucial to do what’s financially beneficial, it’s also vital to understand how it will affect your cosigners. Here [...]
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