by Max Gunderson.
One of the primary goals of an individual filing for a bankruptcy case in Phoenix, Arizona or Tucson, AZ is to obtain relief from all of the burdensome debt. The relief provided by filing for a Chapter 7 or Chapter 13 bankruptcy is attained through the bankruptcy discharge, the purpose of which is to provide a “fresh start” to the honest debtor. Read the rest of this entry…
If you are considering declaring bankruptcy in Phoenix, remember two things: 1. it’s true that filing for bankruptcy is nothing to enter into lightly. 2. Filing for bankruptcy may not fix all of your financial problems. Filing for Chapter 7 or Chapter 13 bankruptcy in Phoenix, Arizona is often merely a step in the right direction to your financial freedom. Read the rest of this entry…
by Max Gunderson
Are you unhappy with your current job? Maybe you should take a closer look at the job market in Phoenix, AZ then be thankful that you are one of the lucky people with a job in Arizona and aren’t out there looking for work in a poor economy. Read the rest of this entry…
by Max Gunderson
Many people in Tucson, Arizona are facing foreclosure. Foreclosure rates in Arizona are at an all-time high. Take preventative measures now, make changes to your financial life, and don’t become one of the growing number. Read the rest of this entry…
by Max Gunderson
People at high risk for bankruptcy generally demonstrate several or all of the following patterns:
10 Signs Bankruptcy may be rapidly approaching:
1. You are having your wages garnished.
2. You have had your utilities shut off at some point during the past year. Read the rest of this entry…
by Max Gunderson
The new Bankruptcy Law of 2005 changed many of the Arizona bankruptcy laws. One of the most significant provisions of the new bankruptcy law of 2005 is the introduction of a “means test.” So what is the means test? The means test is used to determine whether or not a person is eligible to file for a Chapter 7 bankruptcy. Under the new bankruptcy law, as of October 17, 2005, bankruptcy applicants who wish to file for Chapter 7 bankruptcy protection must meet certain eligibility requirements under a designed ”means test.” Once you decide that you are going to file for bankruptcy, you must take the means test and submit the results of the means test to the Bankruptcy Court. Read the rest of this entry…
by Max Gunderson
While it may be fair to say that many people in Arizona don’t even know their credit score, they really should pay attention to their credit score as it impacts every major financial decision you make. This fact puts to rest the saying “What you don’t know can’t hurt you.” Not knowing your credit score or letting your credit score slip can make your financial life quite complicated. Read the rest of this entry…
By Max Gunderson
What is a “Joint Petition” for Bankruptcy? A joint petition in bankruptcy is the filing of one single bankruptcy petition by an individual and his or her spouse. In Arizona, an individual will only be able to file a joint petition if they are legally married on the date that they file their Chapter 13 or Chapter 7 bankruptcy case. A benefit of a “joint petition” is that the couple will only have to pay only one filing fee, not two. Read the rest of this entry…
by Max Gunderson
Once your vehicle has been repossessed, the collateral (your vehicle) is taken to a storage lot or auction house, where it’s stored for a period of time. The repossessed collateral must be sold in a commercially reasonable manner. You will be given reasonable notice of the date, time, and place of the sale. If you do not redeem the collateral by paying the full amount of the debt, plus all expenses of the repossession, the collateral will be sold by auction. The proceeds from the auction will be used to adjust your the amount that you still owe on the vehicle. Read the rest of this entry…
by Max Gunderson
Getting a new car, truck, boat, or recreational vehicle is fun. There is an excitement that you feel as you have a new “toy” to play with. However, you need to remember when you decide to finance or lease a car, truck, or other vehicle that your creditor or lessor holds important rights on the vehicle until you’ve made the last loan payment or fully paid off your leasing obligation. These creditor rights are established by the contract that you signed when financing the vehicle and through Arizona state law. Read the rest of this entry…
