FAQs: Commonly Asked Questions Regarding Arizona Chapter 13 Bankruptcy
Nov 09, 2010
SO WHAT ARE THE ADVANTAGES TO CHAPTER 13?
Chapter 13 offers individuals a number of advantages over liquidation under Chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunit...
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I Thought You Were A Lawyer...What Is A Debt Relief Agency?
Nov 03, 2010
Thank you 2005 Amendment to the Bankruptcy Code, for thoroughly confusing every last bankruptcy client that happens to view my website or advertisements. You see, as an experienced bankruptcy lawyer, I...
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Can I Get Rid Of My QDRO (Qualified Domestic Relations Order) By Filing Chapter 7 Bankruptcy?
Nov 02, 2010
I recently had a client who was interested in discharging a "QDRO" (qualified domestic relations order) under chapter 7 bankruptcy. I had to break it to her that this was probably not a possibility.
Q...
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Can I Get Rid Of My Mortgage And Keep My House? Can I Keep My Car And Get Rid Of My Car Loans?
Nov 02, 2010
Ihave noticed there is a good amount of confusion when it comes to secured debts. It is understandable, really. Every time you enter into a financial agreement buying a home, securing a car loan, appl...
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How Will My Bankruptcy Effect My Mom? Or, How Not To Get Your Chapter 13 Bankruptcy Plan Confirmed.
Nov 02, 2010
I recently stumbled across a South Carolina case, as described by a fellow blogger. In short, the chapter 13 bankruptcy plan was rejected by the trustee, because it included two pretty good sized mort...
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What Is Bankruptcy Credit Counseling? Is The Bankruptcy Credit Course Hard?
Nov 02, 2010
Iget a lot of clients that are pretty worked up about taking and completing the consumer credit counseling classes that, since 2005, are a required step in filing for bankruptcy. This is why I want to ...
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Will I Receive A Prorated Tax Refund in Chapter 7 Bankruptcy?
Oct 26, 2010
I have said before, if you are expecting a substantial tax refund, you need to plan your chapter 7 bankruptcy filing around receiving that refund, it order to prevent its inclusion in the bankruptcy es...
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Can a Second Mortgage Lender Foreclose On My Home?
Oct 26, 2010
I recently met with a client who was debating filing for Arizona chapter 7 bankruptcy protection. This client owned his family home, but had two mortgages against its value. He wanted to reaffirm the p...
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Public Service Announcement: Don't Take Money Out of Your 401K to Pay Back Your Mom When Filing
Oct 26, 2010
Remember that a Chapter 7 bankruptcy is referred to as a liquidation bankruptcy and involves forfeiting your non-exempt assets to a trustee in exchange for a discharge of debts. The trustee will liqu...
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Filing Bankruptcy In Phoenix: Should I Short Sale My Home?
Oct 22, 2010
With the collapse of the housing market, it is relatively common for a homeowner to be underwater with regards to their home mortgage. My clients are no exception. Thus I am often asked about short sal...
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