Tucson Bankruptcy Blog Arizona Bankruptcy

In re: Mortensen, No. A09-90036-DMD (Bankr. D. Alaska, May 26, 2011). Sometimes, people who file bankruptcy need to wipe clean their debts, but fear losing some valuable asset.  In order to avoid losing their car or their home, they try to hide the asset or make it unavailable to the court. A trust is a […]

What is a Cram down? Cram down is only available in chapter 13 bankruptcy and is a way to reduce the total amount you will pay to obtain a free and clear title to your vehicle. If you purchased your vehicle more than 90 days prior to filing for bankruptcy protection and the fair market […]

The purpose of filing bankruptcy is to allow the debtor to have a fresh start. By using a Tempe bankruptcy attorney, it enables the debtor to ensure the case is filed properly and is increasingly more likely that the debtor will receive a discharge. There are checks and balances in the bankruptcy system to weed […]

When you file for bankruptcy, you must inform any potential creditors that you filed, so that they can come forward and ask for what you owe them.  If they do not do this within a certain time, they lose all rights to claim anything from you. There are, however, six exceptions to the rule that […]

Reports estimate that there are somewhere between 7 and 20 million illegal immigrants in the United States.  Many have come to the U.S. seeking work, and are often suffering financial hardships.  Many would like to seek the relief that bankruptcy can provide.  This leads many to ask:  can an illegal immigrant file for bankruptcy, or […]

A bankruptcy court can set aside, or consider void, a previous court decision that was based on mistake, surprise, or excusable neglect.  However, the person trying to set aside the prior decision must prove that one of these things existed at the time and led to the decision. Excusable neglect, generally, is when you act […]

A recent study funded by the National Cancer Institute has analyzed bankruptcy court records along with cancer registry data from almost 232,000 adult cancer cases in Washington over 14 years.  While many bankruptcy filings come as a result of medical bills, according to the study, those who live longer have increased rates of bankruptcy. The […]

In re: Bearup, No. A10-00565-HAR (Bankr. D. Alaska, June 1, 2011) In Chapter 7 bankruptcy, the trustee, whose job it is to administer your case, will compile all your property to pay creditors.  If the trustee believes you are hiding property or disguising property to avoid it being used in the case, he or she […]

When you file for Chapter 13 bankruptcy, you propose to the court a plan to repay your creditors.  During the course of this plan, the court must approve many of your decisions, including the decision to hire a realtor to sell property.  The court will want to look at how much you will pay the […]

Considering filing for Arizona bankruptcy?  Need a new car?  These two things may seem odd to do together, but for many bankruptcy filers, it makes sense to buy a new car before filing for bankruptcy.   One reason is that once you file for bankruptcy, it will be difficult to get a loan at all, […]