Category Archives: Bankruptcy
Are There Consequences for Filing for Bankruptcy in Arizona?
Bankruptcy is a legal process that can help individuals and businesses struggling with overwhelming debt regain control of their finances. Depending on the type of bankruptcy filed, you can have all your debts discharged or restructured, providing some much-needed relief. However, filing for bankruptcy is not without consequences. Understanding the consequences of filing for… Read More »
How Can Filing for Bankruptcy Affect My Future?
Deciding to file for bankruptcy is not easy, but it can relieve the burden of excessive debt and give you a fresh start. However, it is essential to recognize that bankruptcy can significantly impact your financial and personal life. For instance, filing for bankruptcy can lower your credit score and even hinder your job… Read More »
How Do I Prevent Filing for Bankruptcy?
Debt can be overwhelming and stressful to the point of considering filing for bankruptcy as a way out. However, the consequences of filing for bankruptcy can be significant and far-reaching. Understanding ways in which you can prevent filing for bankruptcy and take control of your finances is essential. By taking proactive steps, you can… Read More »
How Do You Determine Which Chapter of Bankruptcy Fits Your Situation?
Bankruptcy is a legal process that helps individuals and businesses struggling with debt begin anew by wiping out or reorganizing their debt. A bankruptcy filing can be a lifesaver if you are overwhelmed by debt. In Tucson, Arizona, there are several options for individuals and businesses considering bankruptcy, including Chapter 7, Chapter 11, Chapter… Read More »
Is There a Most Common Type of Bankruptcy?
Bankruptcy is a legal process that enables individuals and businesses to get relief from their debt by either liquidating their assets to pay off creditors or reorganizing their debts and creating a plan to pay off their debts. When a person or company files for bankruptcy, it is done under one of the chapters… Read More »
How Proposition 209 Could Affect Bankruptcies in Arizona
Bankruptcy laws are constantly evolving, and the latest development in this area is Proposition 209. This proposition has the potential to benefit average Arizona citizens who are filing for bankruptcy, and it could help people get out of poverty and deal with increased living costs. But the Proposition has sparked a fierce debate, and… Read More »
Can My Arizona Bankruptcy Petition Be Denied?
An Arizona bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. Whether the petition is filed by an individual, by spouses together, by a corporation, or by another entity, federal courts have exclusive jurisdiction over bankruptcy cases under the rules outlined in the U.S. Bankruptcy Code. Whether you file… Read More »
A Record Number of Americans Have Health Coverage Yet Medical Debt Remains a Leading Bankruptcy Factor
According to the United States Census Bureau, 8.6% of Americans — 28 million people — did not have health insurance at any point last year. Even with a record number of 91.4% of Americans — over 300 million people — covered by private, employment-based, or public health insurance, a new study from academic researchers… Read More »
Securing Your Future After Filing for Bankruptcy in Arizona
Our experienced Tucson bankruptcy attorney, Eric Ollason, knows the circumstances that lead individuals to pursue a bankruptcy in Arizona are often out of their control. We also know they result in immense financial pressure and overwhelming anxiety that is difficult to cope with — until you have a solution in place. While Chapter 13 and Chapter 7 bankruptcies… Read More »
Student Loan Forgiveness Programs That May Help Reset Your Finances
Our dedicated Tucson bankruptcy attorney, Eric Ollason, knows that one of the most overwhelming types of debt in the U.S. is the student loan. Unfortunately, they are also the lifeblood of higher education opportunities that can help launch careers. While education and student loans are inextricably linked, the outcome can be more than most… Read More »