Bankruptcy
What Happens to My Tax Debt When I File for Bankruptcy in Phoenix?
If you’re drowning in debt and considering bankruptcy, you’re probably hoping for a clean slate—including relief from back taxes. But when it comes to tax debt and bankruptcy in Phoenix, things can get a bit complicated. The IRS doesn’t always go away quietly.
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Can You Keep Your House in a Chapter 7 Bankruptcy in Phoenix?
If you’re struggling with debt and considering bankruptcy, one of your biggest worries is likely whether you will lose your home. It’s a fair concern that deserves a clear answer. The good news is that in Phoenix, you can keep your house in a Chapter 7 bankruptcy, but it depends on several key factors.
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How Long Does Chapter 13 Bankruptcy Stay on Your Credit Report in Phoenix?
Filing for bankruptcy is a big step. But for many people in Phoenix, it’s the best way to get out from under crushing debt. But if you’re thinking about filing for Chapter 13, you’re probably wondering how long it’s going to affect your credit report.
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Can I File for Chapter 7 Bankruptcy More Than Once in Phoenix?
Filing for bankruptcy isn’t anyone’s first choice, but sometimes it’s your best option. If you’ve previously filed for Chapter 7 and find yourself in financial trouble again, you’re probably wondering if you can file for Chapter 7 bankruptcy again in Phoenix.
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Is SSI Included as Disposable Income for Bankruptcies?
When you’re facing overwhelming debt and seeking a fresh start, few questions loom larger than how your SSI included as disposable income might impact your bankruptcy filing. SSI stands for Supplemental Security Income, a federal program that provides financial support to individuals who are disabled, blind, or elderly with limited income and resources. Because SSI payments are a critical lifeline for many, understanding how they factor into bankruptcy is essential to safeguarding your financial stability.
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What Is a Bankruptcy Discharge?
A bankruptcy discharge is a court order that releases you from personal liability for certain debts. It essentially means creditors must stop trying to collect on these debts. This moment is often the most crucial part of the bankruptcy process, as it signifies the potential for a true financial reset. Below, we’ll explore what a discharge is, how it works, and why it matters.
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What If I Have to File for Bankruptcy During the Holidays?
While the holiday season is often associated with joy and celebration, it can sometimes bring about financial stress. Sadly, some individuals might be lead to contemplate filing for bankruptcy. If you find yourself in this situation during the holidays, it is important to understand the bankruptcy process and how it may affect your financial future.
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This Recent Supreme Court Decision Affects Arizona RV Owners
In the recent Arizona Supreme Court decision involving Mary Drummond, this landmark ruling addresses the critical issue of whether motorhomes qualify for homestead exemptions under Arizona law, a matter that has long been shrouded in legal ambiguity. The court emphasized the need for legislative clarity, noting that the current statute’s language did not explicitly include motorhomes. This has significant implications for RV owners across the state, particularly those facing bankruptcy.
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Bankruptcy Warning Signs According to Bankruptcy Attorneys
An unstable economy often leads to financial distress for individuals and businesses. Unemployment, declining incomes, rising debts, and market fluctuations can erode financial stability. When these challenges become overwhelming, bankruptcy can offer a legal recourse to restructure or discharge debts.
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Can I Keep My Tax Refund When Filing for Bankruptcy?
Filing for Chapter 7 or Chapter 13 bankruptcy in Arizona can be overwhelming. Questions about retaining assets like tax refunds may add to the confusion. Understanding all the implications of filing for bankruptcy is crucial for people facing financial challenges.
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