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NOT SURE ABOUT FILING BANKRUPTCY–WHAT ARE THE ALTERNATIVES?

Bankruptcy may not be for everyone. There are risks involved such as losing your money or property, bankruptcy stays on your credit report for up to ten years for chapter 7 or seven years for chapter 13, you will have […]

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WHAT ARE MY OPTIONS FOR KEEPING MY CAR IN CHAPTER 7 BANKRUPTCY

For most bankruptcy filers, keeping a car is one of the most important concerns when considering chapter 7. Let’s look at the options you have to keep your car. First, it is highly recommended that you are current on the […]

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IS RISING INFLATION LEADING TO MORE BANKRUPTCIES

What’s Causing Inflation? The federal government continues to rise interest rates. The Feds use interest rates as a tool to combat inflation. Rising interest rates means less inflation, hopefully. However, rising inflation also leads to recession. There are many reasons […]

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EVICTIONS AND BANKRUPTCY – POST COVID (Part 2)

EVICTIONS AND BANKRUPTCY – POST COVID (Part 2)   How Can Bankruptcy Help Filing a chapter 7 bankruptcy may only be a temporary stop to an eviction. By filing any chapter of bankruptcy, an Automatic Stay will take effect immediately […]

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BANKRUPTCY AND STUDENT DEBT RELIEF – Part 2

BANKRUPTCY AND STUDENT DEBT RELIEF – Part 2 This is the second installment of my article on new guidelines for dealing with student loans Can I Discharge Student Loan Debt in Bankruptcy? The short answer here is yes, but it’s […]

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BANKRUPTCY AND STUDENT DEBT RELIEF – Part 1

BANKRUPTCY AND STUDENT DEBT RELIEF Recent Updates in the Law Recently, the Biden Administration passed a sweeping referendum allowing some students to apply for student loan debt relief. The provisions include the Department of Education will provide relief to Pell […]

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EVICTIONS AND BANKRUPTCY – Part 1

What Is the Eviction Process According to AZFamily.com (https://www.azfamily.com/2022/10/18/eviction-fillings-hit-13-year-high-across-maricopa-county-assistance-still-available/) eviction filings in Maricopa County have hit a thirteen year high with eviction filings of more than 6600 in September 2022 alone, which is the most evictions since 2008. So, what […]

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THE CHAPTER 7 MEANS TEST – DO I QUALIFY FOR BANKRUPTCY: Part 2

WHAT SOURCES OF INCOME ARE USED TO CALCULATE THE MEANS TEST? The U.S Bankruptcy Code requires that all sources of income be disclosed on the Means Test. That means any income from any source must be disclosed. However, there are […]

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CHAPTER 13 BANKRUPTCY – HOW IT WORKS

WHAT IS CHAPTER 13? Chapter 13 is a commonly filed personal bankruptcy case which offers a payment plan for repayment of debt. Payment plans last between thirty-six and sixty months. The debtor makes monthly payments to a chapter 13 bankruptcy […]

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THE CHAPTER 7 MEANS TEST – DO I QUALIFY FOR BANKRUPTCY: Part 1

WHAT IS THE MEANS TEST? The chapter 7 Means Test is a system of calculations used by the bankruptcy law to determine if you qualify to file a chapter 7 bankruptcy based on your monthly income. The basics of the […]

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