Arizona Chapter 7 Bankruptcy has many nicknames, such as "straight bankruptcy" or "liquidation". Liquidation is a good description because one basic premise of chapter 7 bankruptcy is that your unsecured creditors are entitled to the value of all you non-exempt property. For example, in Arizona if you owned a Mickey Mantle rookie card in mint condition that is worth $1500 when you filed chapter 7 bankruptcy it will be considered a non-exempt asset. Non-exempt means that there are no laws which guarantee that you are...
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More likely than not, if you file bankruptcy in Arizona it will either be a chapter 7 or a chapter 13 bankruptcy. The numbers 7 and 13 simply refer to the laws set forth in those two chapters of title 11 of the United States code. The advice of an expert Tucson Bankruptcy Attorney will help guide your decision.
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Bankruptcy is designed to allow an honest debtor to obtain a fresh start. An “honest debtor” refers to someone who has incurred debts with the intention to repay them but due to intervening circumstances cannot. There are checks and balances in the bankruptcy process to seek out the debtor who incurs a debt that he never intends to pay and then files an Arizona bankruptcy with the hope of receiving a court order called a “discharge” which legally relieves his obligation to pay the debt....
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Any normal person niether wants to or predicts that one day they might have to file for bankruptcy. Even people who aspire for success in life such as, real estate moguls and famous singers have ended up bankrupt. Do the names Donald Trump or Toni Braxton ring any bells? In fact, Braxton filed for chapter 7 for the second time last week. Donald Trump has always been personally successful, however some of the businesses he has owned have filed for bankruptcy protection. Many individuals, including Trump (well his...
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It is important to remember that no person has the exact same situation, which can cause differences for each individual case and it is extremely important to consult an expert when you are making any decisions about your bankruptcy. Many times, although it may seem that there is only one way of doing this, an experienced attorney can offer some alternative options. This is a question which cannot be fully answered before knowing more about your specific situation. But I can stay that it depends...
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Arizona Bankruptcy, like anything else is for all different types of people and many different kinds of circumstances as well. No matter what your situation is, or why you are having trouble financially, we can make bankruptcy work for you. It is a matter of public record, however, someone would actually have to search for it to get the information about you or your case, unless of course they are a creditor. But unfortunately, especially in this economy, many people have to file for bankruptcy...
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You have the choice of representing yourself, you don't necessarily need an Tucson Bankruptcy attorney to file anything. For most people, this isn't the best way to go about filing an Arizona bankruptcy, unless you already have some knowledge and information about bankruptcy and have a simple case. Trezza and Associates are experts Tucson Bankruptcy Attorneys.
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In Arizona, there are exemption laws about your personal property, wedding rings are exempt up to $2,000. Find yourself and expert Tucson Bankruptcy Attorney.
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Welcome to my blog about Arizona Bankruptcy. I'd like to address this topic first! And by the way, you are already using the correct legal terminology .... You have heard correctly, but it is not impossible by any means. Most people who are thinking about filing have no trouble meeting the qualifications. Think of your tax return: First you add up what you made in a year and then you deduct certain expenditures to arrive at the final number and this is the amount that...
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Welcome to the blog for the Arizona Law Group of Trezza and Associates. We have been serving the Arizona community since 1992. We specialize in Chapter 7 and Chapter 13 bankruptcy in Arizona. Our goal is to provide hope and relief from debt to our clients, whether or not the solution is bankruptcy we do our best to find the right options in your personal case. We personally attend every 341 hearing and walk our clients through the entire bankruptcy process. We are commited to...
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