Bornmann Law Group, PLLC

by Max Gunderson

Part 3: Filing Bankruptcy – This IS Your Financial Bail-out!

There are many qualified and dependable bankruptcy attorneys in the Phoenix metro area and Tucson who offer Free Initial Consultations and are willing and waiting to help you through the bankruptcy process. Declaring bankruptcy has many benefits.  One of the benefits of filing bankruptcy in Phoenix, or Tucson, Arizona is that after filing bankruptcy Chapter 7, your debt is gone and you have the opportunity to make a “Fresh Start” financially.  Read the rest of this entry…

by Max Gunderson

Part 2: Properly Filing Government Forms and Bankruptcy Requirements

Another aspect of the bankruptcy filing process that you may not be familiar with is the bankruptcy court filings and requirements. We have heard numerous horror stories about individuals who have filed bankruptcy themselves and have created a bigger mess as the filings are incorrect.  Read the rest of this entry…

by Max Gunderson

Part 1: The Means Test and Chapter 7 Eligibility:

There are many individuals in the Phoenix and Tucson, Arizona metro areas that are at a point where they may want to soon look at declaring bankruptcy as a solution to their current unenviable financial situation.  Many of these same individuals are curious why it is imperative that they hire a bankruptcy lawyer when filing for Chapter 7 or Chapter 13 bankruptcy in Phoenix or Tucson, Arizona. Read the rest of this entry…

by Max Gunderson

A bankruptcy attorney is a shrewd investment in a better future. As in any other profession, the choice of practitioner can make a big difference to your outcome should you decide to file for bankruptcy in the Phoenix or Tucson area of Arizona. You should find a Phoenix bankruptcy attorney or Tucson bankruptcy attorney with who you are comfortable. Read the rest of this entry…

by Max Gunderson

We recently had a client come in to our Tucson, Arizona bankruptcy office to set the wheels in motion to file a Chapter 7 bankruptcy.  Our client currently lives in a rented apartment in the Tucson area but would like to find a more affordable place to live.  Read the rest of this entry…

by Max Gunderson

Even though much of Arizona is mired in a financial recession, there are still people out there that are trying to take advantage of those that are down on their luck. These predatory lenders can devastate consumers. Predatory loans can come in the form of high interest credit card agreements or mortgages, payday loans, short-term high interest loans and even some bank loans. Read the rest of this entry…

by Max Gunderson

Many people in the Tucson, Arizona area are being forced into considering bankruptcy.  Even though filing for bankruptcy in Tucson is becoming more common, there is still a hesitancy by those individuals considering declaring bankruptcy.  These individuals are trying to determine if they are filing for bankruptcy for the “right” reasons. The “right” reasons for filing Chapter 13 or Chapter 7 bankruptcy varies among individuals and families in the Tucson area who are experiencing financial difficulties. Read the rest of this entry…

by Max Gunderson

A good quality education is important.  However, colleges and universities cost quite a bit of money and there aren’t very many students who are able to attend college without the help of some federal financial aid.  There are basically two types of financial aid that most college students attempt to acquire.  There is a credit based form of financial aid that base the availability of the financial aid on the applicant’s credit.  The other form of financial aid is a need based financial aid in which the applicant is awarded monies based on the amount of need that they have for the funds.  As you can imagine, filing for bankruptcy has a greater affect on one of these types of financial aid. Read the rest of this entry…

by Max Gunderson

For some people, filing for Chapter 13 or Chapter 7 bankruptcy protection is not even an option to consider when they are seeking assistance with their financial problems.  These people are so concerned about doing damage to their credit that they won’t even utter the “B” word because it might somehow do irreparable damage to their credit rating.  That ‘bankruptcy only does harm’ is a myth frequently advanced by lenders and credit card companies who try to discourage bankruptcy, most often to protect their own interests. Read the rest of this entry…

by Max Gunderson

Just because you have a credit card or are able to obtain a car loan due to your current debt to income ratio, don’t be fooled into be thinking that you have good credit. This may simply be a credit illusion. Another credit myth is that your credit is shot beyond repair once you have filed for bankruptcy. This is simply not the case. On the contrary, filing for bankruptcy in Phoenix, Tucson and throughout Arizona provides you with the opportunity to begin to build credit. Read the rest of this entry…