Avondale, AZ
Bankruptcy and debt Lawyer at Avondale, AZ
Practice Areas: Bankruptcy & Debt, Chapter 13 Bankruptcy ... +3 more
Since Arizona is a community property state, clients often ask what the difference is between community property and separate property. Basically it breaks down like this: Generally, all property acqu...
See Full GuideThe IRS treats cancelled debt as income to you. Current tax laws require creditors to issue a Form 1099C to anyone who settles a debt or hasa debt written off that is over $600. You have to report ...
See Full GuideChapter 13 is a repayment plan for individuals with regular income and unsecured debt less than $336,900 and secured debt less than $1,010,650. The debtor keeps his property and makes regular paymen...
See Full GuideChapter 7 is the most common form of bankruptcy. It is a liquidation proceeding in which Chapter 7 Trustee sells any non-exempt assets of the debtor (if there are any) and distributes the proceeds a...
See Full GuideBankruptcy in the United States provides debtors with a fresh start while treating the creditors in an equitable manner. The process benefits debtors by providing relief from debts they can't pay, a...
See Full GuideMany people I speak with are confused about the different bankruptcy chapters and think that a bankruptcy is a bankruptcy, plain and simple. That is completely understandablethey dont deal with bank...
See Full GuideMany individuals filing for bankruptcy have a car that they are upside down on. That is, they owe more on the car than the car is worth. If you have had the loan for more than 2 years, you can tell...
See Full GuideSection 506(a) and 506(d) of the Bankruptcy Code states that a lien is only secured to the extent there is value in the collateral to which the lien attaches. To the extent that the lien exceeds the ...
See Full GuidePriority debts are debts to the IRS, your state taxing authorities and child support and spousal maintenance/alimony arrearages. These debts typically must be paid off in a bankruptcy or will not be...
See Full GuideMany individuals are faced with the following set of facts: 1. They owe more on their first mortgage than their home is worth. 2. They have a second or even a third mortgage on their home. 3. They hav...
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