Archive | May, 2011

How Do I Know If I Qualify For Chapter 7 Bankruptcy?

How do I know if I qualify for bankruptcy protection? How do I know if I pass the means test? What is the best way to determine if I qualify for chapter 7? In a nutshell, Arizona debtors must successfully pass the means test in order to qualify for chapter 7 bankruptcy. The purpose of [...]

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Can I Hide My Bankrupcy? Will My Family Find Out I Filed For Bankruptcy Protection? Will My Boss Find Out?

Can I file bankruptcy without my boss knowing? Will my family find out if I file for bankruptcy protection? What will my neighbors think if I file for bankruptcy? Eeeeeek! If I had a dollar* for every instance in which a potential bankruptcy debtor expressed fear over their friends and family learning of their bankruptcy, [...]

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Need a Local Tucson Bankruptcy Lawyer? You’re in Luck!

Ahhhhh, Tucson. A Small town feel with big city conveniences? Check! World class Mexican food? Check! Saguaro National Park? Check! Warm sunny days and cool desert nights? Check! 360 degree mountain views? Check! Really, what more could you ask for? What you may not know is that I started my legal career in Tucson. Imagine 1000 terrified [...]

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Is My Co-Signer Protected? If I File For Bankruptcy, Can My Creditors Sue a Co-Signer?

What a great question! See, I am constantly trying to explain to clients and potential clients why in the world anyone would file for bankruptcy protection under chapter 13 of the bankruptcy code. Well, we have stumbled upon another one of those reasons today. One such benefit of filing for chapter 13 bankruptcy protection is [...]

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Phoenix-Based Realty Executives Plans Chapter 11 Reorganization

Perhaps it is just another sign of our faltering real estate market, as Phoenix-based Realty Executives seeks protection under chapter 11 of the bankruptcy code. According to owner Richard Rector, the company is currently working on adjustments (such as lease renegotiation and cutting expenses) that would allow the company to continue in our sub-optimal real estate economy. [...]

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Do I Have to be Deficient to File Bankruptcy?

Must I be deficient to file bankruptcy? Can I file bankruptcy if I am not yet behind on my bills? Questions like these are seen pretty darn frequently around my office. To be honest, I am not sure where this misconception started. Perhaps these potential debtors have previous experience with loan modification, which can require [...]

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