Blog
Bankruptcy and the Disabled
Those who are disabled and unable to work may find themselves in a tough financial situation. Though the federal government offers Social Security Disability support, this is only intended to cover basic living expenses. The high cost of medical care and the inability to work often lead to a high rate of debt. How are…
How the Law Protects You From Creditor Harassment
Those who are considering filing for bankruptcy may be pushed to do so by harassment from creditors. Though creditors are allowed certain contact, there are restrictions on what they can legally do to initiate a payment from you. Understanding your rights may help you fight creditor harassment. How Can A Creditor Legally Contact Me? The…
Possible New Bankruptcy Options for Student Loans?
Legislation potentially allowing a small portion of American student loan debt to be discharged through bankruptcy proceedings is set to be unveiled by Democratic Senator Tom Harkin of Iowa this week. If passed, this legislation would allow some students to discharge their loan debt where previously they would have been required to pay full interest…
Arizona Ramps Up DUI Enforcement Effort for Fourth of July
With any holiday weekend, the risk of drivers drinking and driving rises exponentially. According to Alberto Gutier, who serves with the Governor’s Office of Highway Safety, Arizona law enforcement will be out in full force over the July Fourth holiday weekend, including setting up DUI checkpoints and increasing DUI ‘Saturation Patrols.’ Gutier commented that “we…
Will I Lose My Retirement If I File For Bankruptcy?
Retirees may be hesitant to file bankruptcy for fear that they will lose their retirement funds. Luckily, under federal law established in 2005, anyone who files Chapter 7 or Chapter 13 bankruptcy will be able to keep his or her pension and retirement plan funds. However, there are a few limitations to this rule. Why…
Co-Signer Liability When Declaring Bankruptcy
Making the decision to file for bankruptcy is never an easy one. If you have a co-signer or guarantor on any of your debts, the situation can become even more complicated. It is important to understand how the decision to declare bankruptcy could affect your co-signers or guarantors. Co-Signers May Be Liable for Debts A…
Arizona Bankruptcy Trends
Arizona’s consumer debt level continues to improve in May. Despite this good news, however, not all experts are optimistic about 2014 as a whole. The U.S. Bankruptcy Court reported that May proved favorable for the Arizona bankruptcy situation, with a decrease in filings from 1,630 in May 2013 to 1,439 this May. That is a…
Rebuilding Your Life (and Credit) After Bankruptcy
Rebuilding your life after bankruptcy can seem like an overwhelming task. It goes beyond your credit rating and finances and into your emotional well-being. For those who have recently filed bankruptcy or who are considering filing bankruptcy, it is important to know that there is a life after bankruptcy in which you do not have…
What Are My Alternatives to Bankruptcy?
When you are struggling with harassing phone calls from creditors, it may be easy to think that bankruptcy is not only your best option, but your only option. However, before filing Chapter 7 or Chapter 13 bankruptcy, it is important to explore all debt relief options, including the alternatives to bankruptcy. What Should I Do…