How Much Debt Is “Enough” For Bankruptcy?
What Is The Minimum Debt Required For Filing for Bankruptcy Even relatively small amounts of debt can jeopardize your financial situation and entire way of life. Many American families live paycheck to paycheck, so unexpected setbacks can have much more serious consequences. Falling even one month behind on a bill [...]
Shopping Addiction & How It Can Lead To Bankruptcy
Our Mesa Bankruptcy Lawyers Discuss a Serious Issue That Is Often Ignored & Can Lead To Massive Debt Almost everyone is guilty of using retail therapy at least once or twice to deal with an emotional issue. Sometimes when you’re feeling down, a new pair of shoes or décor item [...]
Arizona Bankruptcy Exemptions: A Detailed Overview
Arizona Bankruptcy Law & Exemptions: What Are They? Many people assume that when you declare bankruptcy, you must give up all of your assets. This is only partially true, and only if you declare Chapter 7 bankruptcy versus Chapter 13 bankruptcy. Each state has bankruptcy exemptions, which are limits on [...]
Boris Becker, Former Tennis Champion, Sentenced To Prison For Bankruptcy Fraud
Boris Becker Convicted For Two & Half Years In Prison For Hiding Assets In Bankruptcy What’s the worst that could happen if you lie on your bankruptcy petition? Many people think the answer to this is that your case could be delayed or dismissed, or some of your debts will [...]
HOA Liens, Foreclosure, and Bankruptcy in Arizona
How To File Bankruptcy If You Owe HOA Liens When you owe HOA liens (HomeOwner Association Liens) and other liens on your home, a foreclosure or bankruptcy sale is going to be a bit more complicated than if you didn’t. HOA liens have a high priority in Arizona, and can [...]
My Arizona Home’s Value Has Skyrocketed. Can I Still File Bankruptcy?
How Fast Rising Housing Prices In AZ Can Impact Bankruptcy Filings Our Chandler Bankruptcy Lawyers take a look at how the fast rising housing prices in Arizona impact the ability to file for bankruptcy and keeping your house. There are different chapters of bankruptcy that can be helpful in attempting [...]
Using Retirement Savings To Pay Off Debt vs. Filing Bankruptcy
Is It Better To File For Bankruptcy Or Use Retirement Savings To Pay Your Debts? When You Declare Bankruptcy in Chandler or Gilbert, Arizona, There Are Limits in How Much Equity You Can Hold in Every Type of Asset. Our Chandler Bankruptcy Lawyers Discuss If Your Retirement Savings are Protected [...]
What Happens When You Are Stressed About Money & Filing Bankruptcy In Arizona
Debt-Related Stress: Can Filing For Bankruptcy Reduce It? If you’re struggling with debt, you’ve probably spent several sleepless nights tossing and turning, wondering how you will ever get out of this situation. You may have lenders threatening to repossess your car or home. You may even be worried about your [...]
The True Cost Of Filing An Arizona Bankruptcy
Our Chandler, Arizona Bankruptcy Lawyers Sum Up The Hidden Expenses Of Declaring Bankruptcy Bankruptcy is meant for people whose debt has gotten out of control. So it is surprising for many of our potential clients to learn that filing bankruptcy isn’t exactly cheap. In fact, if you are only concerned [...]
Ascena Retail Group Closing Stores After Filing For Chapter 11 Bankruptcy
Four Arizona Lane Bryant Stores Closes In Ascena Retail Group Bankruptcy Our dedicated bankruptcy lawyers understand that clients deserve more attention and hands on time from their bankruptcy attorney. We also realize that many companies are struggling with the current Covid-19 pandemic. Additionally, many people in Maricopa, Pima, and Pinal [...]
Gym Chain With Four Arizona Locations Declares Bankruptcy
The coronavirus pandemic has caused an upheaval in the United States economy, with one of the biggest victims being the fitness industry. State mandates closing gyms for weeks earlier in the year, as well as continued pandemic restrictions and reduced clientele due to health concerns have all but decimated fitness-related [...]
XFL Has New Owner
Dwayne “The Rock” Johnson Purchases XFL from Former Boss Vince McMahon in Bankruptcy Sale Dwayne “The Rock” Johnson has been able to leverage his wrestling career into A-lister status, starring in blockbusters like Jumanji, Moana, and Baywatch. Even though it may be partially or fully thanks to WWE CEO Vince [...]
Chandler Fashion Center’s Nordstrom is Closing
The spread of coronavirus has caused businesses of all kinds to shut their doors, leaving their employees furloughed or laid off. Some of the stores being hit the hardest are brick-and-mortar fashion retailers. Millions of Americans are struggling financially, and self-isolation activities don’t exactly warrant a fashionable new wardrobe. Despite [...]
Chandler Municipal Court Continuing Cases due to COVID-19
On April 29, 2020, Arizona Governor Doug Ducey announced that he was extending the stay-at-home order until May 15, 2020 with modifications. Businesses have the option to open under the guidelines of his plan, but can choose to remain closed or remote-only if they wish. Similarly, some law firms and [...]
Sears May File Chapter 11
A Possible Chapter 11 Bankruptcy for Sears? Chapter 11 Bankruptcy Protection Is bankruptcy imminent for Sears? The company, planning to push through the holiday season, is leaning toward bankruptcy. If Sears files Chapter 11 bankruptcy protection, they would restructure and create a plan for their debt issues, as opposed to [...]