When your business closes, you might feel overwhelmed by debt and uncertainty. But there's hope. Arizona's bankruptcy laws offer a lifeline to those struggling after a business failure. These laws can help you clear debts, protect assets, and start fresh....
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Bankrupcty
When is it time to file for bankruptcy?
Bankruptcy can have life-altering consequences, and in many cases, those consequences can last a very long time. With that in mind, filing for bankruptcy is often a last resort for many people—a decision that makes the most sense when you have exhausted all other...
Can Arizona residents keep pets during bankruptcy?
Many Sun City residents see their pets as family members. When financial troubles lead to bankruptcy, pet owners often worry about keeping their animal companions. Thankfully, Arizona law offers ways to protect pets during this process. Pets in bankruptcy Arizona...
What debts are dischargeable under Chapter 7 bankruptcy?
When considering filing for Chapter 7 bankruptcy, it is crucial to understand which debts are dischargeable. This knowledge may help you make informed decisions about your financial future. Below are common types of dischargeable debts and what you should know about...
How does bankruptcy protect your financial well-being?
Going through bankruptcy could be a disruptive experience, which often causes mental strain and anxiety. When your financial health suffers, you might worry about having limited credit access. Lenders might also consider these details red flags, leading to long-term...
Can I keep my work tools after declaring bankruptcy?
The prospect of bankruptcy raises countless questions, especially about what assets you can keep. For many, the most crucial assets are not fancy cars or expensive jewelry but the tools they rely on daily to earn a living. In general, bankruptcy laws aim to give you a...
3 benefits of filing for bankruptcy
Going bankrupt is usually viewed as a negative. After all, it means admitting you can no longer pay your dues and need government assistance to avoid further financial ruin. But here's something to consider: bankruptcy can be a lifeline. It is a last resort for people...
Common reasons to modify a Chapter 13 bankruptcy plan
Filing for Chapter 13 bankruptcy provides individuals with a structured plan to repay their debts over time. However, life is unpredictable, circumstances can change and the original plan may no longer be achievable. Modifying a Chapter 13 plan, though, can be a...
Is filing for Chapter 7 bankruptcy worth the effort?
Filing for Chapter 7 bankruptcy can be a significant undertaking, and it can be an intimidating opportunity as a result. Whether filing for debt relief is worth the effort depends on each individual’s financial situation. If you are thinking about filing for Chapter 7...
The benefits of filing for Chapter 13 bankruptcy
Filing for Chapter 13 bankruptcy can be a powerful process for individuals who are struggling with significant debt but who wish to avoid the potentially severe consequences of a Chapter 7 liquidation. This form of bankruptcy, allows debtors to retain their assets...