Bankruptcy Myth #7: I must be a US citizen to file for bankruptcy. Also, if I file for bankruptcy I will not be considered for citizenship. Both of these myths are completely false. First, there is no requirement that you be a US citizen to file for bankruptcy. In reality the only requirement you need […]

Are you thinking about filing for Bankruptcy? Don’t fall for these Bankruptcy myths! In Part I of this feature we explored three common bankruptcy myths. Here we explore a few more common bankruptcy myths that are floating around online. Bankruptcy Myth #4: It is simply just too expensive to file for bankruptcy. I won’t be […]

Filing Order – Bankruptcy or Divorce? Bankruptcy and divorce often go hand in hand – sometimes, the financial strain of divorce and support obligations leads to the filing of a bankruptcy action.  Other times, the stress of financial crisis, which often precedes bankruptcy, may lead to additional strains on a marriage.  In some situations, when […]

Filing for Bankruptcy may seem like a complex process. The average person probably knows very little about bankruptcy. But the process doesn’t have to be scary. There are certified Arizona  Bankruptcy Attorneys who can help you through this process. However, whether you are thinking about filing for bankruptcy or are in the process of filing […]

If you are getting calls from the utility company for past due bills you may wonder how bankruptcy will affect those services. Will my utility company be mad at me for filing bankruptcy? Will they turn of my electricity, water, gas and telephone? No! There are certain restrictions on utility service providers that restrict their […]

Giving to charities and religious institutions is an important part of many people’s lives.  Giving is an important spiritual component in many religions and plays an important role in funding a variety of important social projects. It is important to know that Congress has recognized the importance of such charitable donations and has allowed persons […]

No.  Although outside of bankruptcy you can be taxed on the amount of debt that one of your creditor’s discharges for you, inside of bankruptcy the IRS does not consider your discharge of debt as income. But wait a minute! You may be thinking: How can a discharge of debt be considered income? Well, the […]

In order to get a discharge of your debts, a Chapter 13 debtor must complete their plan by paying a certain amount of money each month for the length of the plan. But what happens if you are unable to pay the monthly payment required by your plan? Sometimes it is possible to modify the […]

It is completely understandable if you have debt you may not want other people knowing about it. After all, your debt is something that is a completely private matter between you and your creditor. Unfortunately, some debt collectors like to intimidate or guilt people into paying their debt(s) by threatening to tell other people about […]

Any individual or business residing, domiciled, or owning property or a place of business within the United States may file for bankruptcy.  Meeting any one of these criteria is sufficient; there is no requirement of citizenship, or even insolvency, to file bankruptcy.  In some cases a trustee may be able to file on behalf of […]