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Bankruptcy

Money problems

Bankruptcy October 9, 2014

GARNISHMENT OF WAGES UP 121% IN PHOENIX

A wage garnishment is a legal process by which a creditor (including child support, taxes, banks or others who are owed money), by virtue of a court order, is allowed to take a portion of a person’s paycheck before the person receives it. It is usually the last straw for many people, who then have […]

elderly-parents

Bankruptcy Estate Planning October 7, 2014

BEWARE OF CO-SIGNING OF STUDENT LOAN

A California couple recently reported to Fox News that they are now solely responsible for their deceased daughter’s student loans in excess of $200,000.00. Steve and Darnelle Mason never expected to be responsible for their daughter’s student loans. They were simply facilitating the young mother of three’s efforts to obtain an education to provide for […]

Bankruptcy May 22, 2014

MESA – GILBERT ATTORNEY TELLS HOW YOU SHOULD CO-SIGN

  Is it a good idea to co-sign on a loan for your kids? I have many clients in my bankruptcy practice who come to me not having any other financial difficulties — no problems with their own credit cards, no problems with their car or their house — but they co-signed on a loan […]

Bankruptcy April 29, 2014

WILL OBAMACARE REDUCE BANKRUPTCY FILINGS?

New research appears to show that the Affordable Care Act (ACA) may reduce the need for personal bankruptcy. I know, too many words in that sentence can be fudged. But that’s all we have at present, folks. Apparently, people in Massachusetts are now less likely to fall behind in paying medical bills than their New […]

Bankruptcy March 13, 2014

MESA – GILBERT AZ BANKRUPTCY ATTORNEY ANSWERS “CAN I REFINANCE MY HOUSE AFTER BANKRUPTCY?”

Can I Refinance My House After a Bankruptcy?   As a bankruptcy attorney, many people come to me years after their chapter seven discharge and say “I can’t refinance my house because I didn’t do a reaffirmation agreement.” Reaffirmation Agreement Lenders typically say that they won’t refinance your house unless you did what’s called a […]

Bankruptcy December 3, 2013

BANKRUPTCY ATTORNEY IN MESA | GILBERT AZ – ARE YOU TOO POOR TO FILE BANKRUPTCY

Are You Too Poor to File Bankruptcy?     Is it possible to be too poor to file bankruptcy? The answer to the question is no. First of all, there are no limits on how much debt you have to have. No minimum amount or maximum amount. The bankruptcy code allows people to discharge debt […]

cause-of-bankruptcy

Bankruptcy November 13, 2013

THE NUMBER 1 CAUSE OF BANKRUPTCY

  All things considered, credit card debt is the number one cause of bankruptcy. There is a lot of noise in the news about medical bills that cause bankruptcy. I saw an article recently that said sixty percent of bankruptcies include medical debt. That is probably about right. But do they cause bankruptcy? I don’t […]

Stressed Over Money

Bankruptcy September 9, 2013

THE HISTORY OF BANKRUPTCY

Bankruptcy relief is a natural outgrowth of a free market economy.  The American system allows people to buy and sell at agreed upon prices, to begin business ventures, which leads to the possibility that some may not succeed.  It also leads to the wide fluctuations in the economy, such as we have experienced recently. As […]

Bankruptcy June 4, 2013

CITIES AROUND THE NATION DECLARING BANKRUPTCY

Cities Going Bankrupt There is a lot of news about cities and towns filling for bankruptcy especially in California. The city of Stockton turns out to be the largest bankruptcy filing of a municipality or city ever. Then there was some discussion by the way “what about New York City”? Well New York City did […]

Bankruptcy May 24, 2013

MESA BANKRUPTCY ATTORNEY: STOCK MARKET DIVE

Stock Market Dive of 2012 In the two day after the presidential election of 2012 the stock market took a major dive…   In the two day after the presidential election of 2012 the stock market took a major dive, it declined 300 and some points and the next day another 120 the next day, […]

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