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Category Archives: Bankruptcy

Will I Have to Cancel All My Credit Cards After Filing for Bankruptcy?

By Eric Ollason Attorney At Law |

Filing for bankruptcy can be a daunting process, and one of the common concerns is whether you’ll have to cancel all your credit cards. The answer to this question is not a simple yes or no, as it depends on several factors, like the type of bankruptcy you file for and the specific circumstances… Read More »

If My Ex Files for Bankruptcy Does That Affect My Spousal Support Payments?

By Eric Ollason Attorney At Law |

Divorce can be a complex and emotionally charged experience. Often, one spouse depends on the other for financial support after the separation. This financial assistance, known as spousal support or alimony, is typically court-ordered and plays a vital role in ensuring both parties can maintain a similar standard of living after the divorce. However,… Read More »

Does Filing for Bankruptcy Mean the End of Your Business?

By Eric Ollason Attorney At Law |

For struggling business owners in Arizona, the threat of bankruptcy can feel like a dark cloud looming overhead. The idea of filing for bankruptcy may seem like the end of the road for your company. However, this is not necessarily the case. Bankruptcy can often provide a fresh start and an opportunity to restructure… Read More »

How to Get Back on Your Feet After Filing for Bankruptcy

By Eric Ollason Attorney At Law |

Filing for bankruptcy can be a challenging and emotionally draining experience, but it is important to remember that it is not the end of the road. In fact, bankruptcy can provide a fresh start and a chance to rebuild your financial future. At Eric Ollason, Attorney at Law, we understand the difficulties that come… Read More »

How Does Bankruptcy Affect Your Credit Score?

By Eric Ollason Attorney At Law |

Financial challenges can be overwhelming, and sometimes, individuals consider bankruptcy as a way to regain control. However, the decision to file for bankruptcy is a significant one with lasting consequences. One of the primary concerns for those considering bankruptcy is its impact on their credit score. This guide explores how bankruptcy affects your credit… Read More »

Who is Able to File for Bankruptcy?

By Eric Ollason Attorney At Law |

Bankruptcy is a legal process that provides individuals and businesses overwhelmed by financial challenges with a fresh start. However, not everyone qualifies for bankruptcy, and understanding the eligibility criteria is crucial before considering this option. In this guide, we will explore the key factors that determine who is able to file for bankruptcy. Types… Read More »

How Do You Know When it is the Right Time to File for Bankruptcy?

By Eric Ollason Attorney At Law |

Understanding when it is appropriate to consider bankruptcy is crucial in times of financial uncertainty. Getting through the complex aspects of personal finance can be challenging, and knowing the signs that indicate the right time to file for bankruptcy is paramount. This article will shed light on key indicators, giving you insights that empower… Read More »

Bankruptcy and Car Loans: What Happens to Your Vehicle?

By Eric Ollason Attorney At Law |

Facing financial challenges is never an easy period. If you are considering bankruptcy, it is important to understand its implications on your car loan. What will happen to your car? Does filing for bankruptcy mean you don’t have to pay your car loan? These are some of the many questions that cross your mind… Read More »

How Does Filing for Bankruptcy Affect Child Support?

By Eric Ollason Attorney At Law |

Filing for bankruptcy can have significant implications, particularly regarding child support. Many individuals facing financial difficulties may wonder how declaring bankruptcy impacts their obligations to support their children. Whether you are considering bankruptcy or have questions about its consequences on child support, read on to better understand this crucial issue. The Relationship Between Filing… Read More »

What are Bankruptcy Exemptions?

By Eric Ollason Attorney At Law |

Bankruptcy can be a scary word. When one files for bankruptcy, you might think they will lose all their property and have to start from zero. However, this is and has never been the case. Bankruptcy gives you a fresh start by discharging most of your debts or reorganizing your payment plan over some… Read More »

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