I get this question all the time. In preparing a Bankruptcy Petition and Schedules, it is required to list all outstanding liabilities including any balances owed on credit cards. To the extent a balance is owed then it will be
President Trump signed the Honoring American Veterans in Extreme Need Act of 2019, known as the HAVEN Act to help aid disabled military veterans in qualifying for bankruptcy protection. Prior to the passage of the HAVEN Act, only income from
New Mexico is one of only a handful of states and territories in the United States that follow community property law.1 The most basic tenet of community property is a presumption of fifty-fifty split in ownership of property and debt
We want to file a Chapter 7 bankruptcy, but my spouse is terminally ill. What happens if my spouse passes away before our Chapter 7 bankruptcy case is over? Property that you become entitled to acquire by inheritance within 180
I constantly advise clients of the pitfalls surrendering a home subject to Homeowner’s Association (“HOA”) dues. HOA’s are tied to property ownership, not possession. So when a debtor files a Bankruptcy case the debtor is granted a discharge for any
You’ve been contemplating looking into Arizona bankruptcy lawyers when you wonder, “What is bankruptcy exactly? And how can it help me?” If you’re contemplating bankruptcy you no doubt have some questions. Below, we’re going to answer the most common questions about bankruptcy.
One of our most frequently asked questions is the following: can you discharge your student loan debt in bankruptcy? Normally, the answer is no. However; it could potentially change. While it is difficult to discharge student loan debt in bankruptcy,
If you’re asking yourself, “Do I need an Arizona bankruptcy attorney?” you’ve come to the right place. Below we go into detail on filing for bankruptcy in Arizona, your options when filing, and what to consider when looking for an
If you’re considering filing for bankrupcty, it’s important to know your options: Chapter 13 Bankruptcy – “Wage earners” bankruptcy Chapter 7 Bankruptcy – “Liquidation” bankruptcy Yes, there are different types of bankruptcy. Which one is best for you is determined
Are you considering personal bankruptcy, but are worried about how it will impact your spouse? Read on below to find out exactly how personal bankruptcy can affect the finances of a married couple. Is bankruptcy a good idea for you?