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Category Archives: Bankruptcy

How Often Do Bankruptcy Laws Change in Arizona?

By Eric Ollason Attorney At Law |

When one files for bankruptcy, they get a fresh start by discharging or reorganizing their debts so that they have control of their finances. While bankruptcy is a term that sends chills into the hearts of many, the process can be a massive relief to many in debt. Bankruptcy laws refer to the legal… Read More »

How Often Can You File for Bankruptcy in Arizona?

By Eric Ollason Attorney At Law |

We live in a world where financial troubles are unlimited. One may go through thick and thin with severe financial problems and substantial debt at some point, and when they think the storm is over, similar unexpected challenges emerge. When you face financial issues for the first time, you may opt to file for… Read More »

What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy in Tucson?

By Eric Ollason Attorney At Law |

Dealing with overwhelming debt can be a challenging experience. However, individuals buried in debt can seek relief and regain control of their finances through the United States Bankruptcy Code. The two most common kinds of bankruptcy filings are Chapter 7 and Chapter 13, each catering to different financial situations. Understanding the critical differences between… Read More »

Are There Consequences for Filing for Bankruptcy in Arizona?

By Eric Ollason Attorney At Law |

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?

By Eric Ollason Attorney At Law |

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?

By Eric Ollason Attorney At Law |

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?

By Eric Ollason Attorney At Law |

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?

By Eric Ollason Attorney At Law |

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

By Eric Ollason Attorney At Law |

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?

By Eric Ollason Attorney At Law |

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 »

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