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No, your 401K is an exempt asset so you can sleep soundly knowing that it will not be affected by your choice to file for bankruptcy. Still have questions? Feel free to call (602 388 8890) or email us - we're happy to help. You can also take advantage of our free consultation during which our attorney will provide an in depth look at what bankruptcy looks like for you.
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Generally speaking, first time or first time "in a long time" applicants can obtain a loan for a mortgage two years after filing for bankruptcy via a VA or FHA loan. Conventional mortgages, on the other hand, have stricter guidelines including a higher credit score and down payment which typically leads to consumers not utilizing them or having to wait longer to do so. Still have questions? Feel free to call (602 388 8890) or email us - we're happy to help. You can also take advantage of our free consultation during which our attorney will provide an in depth look at what bankruptcy looks like for you.
Legally speaking, creditor rights allow them to call you at your place of work. However, good news! There is a petition that can be filed which puts a stop to the calls if you're in the process of filing bankruptcy. Still have questions? Feel free to call (602 388 8890) or email us - we're happy to help. You can also take advantage of our free consultation during which our attorney will provide an in depth look at what bankruptcy looks like for you.
In some cases, bankruptcy can benefit one spouse more than the other (and help keep you both protected in the long run). It is possible to file bankruptcy separate from your spouse however, the non-filing spouse will still be on the hook for their private financial obligations, as well as any joint debts. Filing individually works best for couples who have mostly individual debt obligations. Also, as Arizona is a community property state, it is best to speak with an experienced bankruptcy attorney about your unique case to determine the best course of action for you and your spouse.
Don’t have an attorney yet? Call us today for a free consultation - 623 - 252 - 0742 or send us a note. If you’re considering bankruptcy and you have questions about how it will affect your child support payments, here’s what you need to know: filing for bankruptcy will not change your child support obligations however, it may allow for more flexibility in paying back outstanding amounts as part of a Chapter 13 filing. Each person’s financial situation is unique so it is wise to speak with an attorney about yours before making any decisions.
Don’t have an attorney yet? Call us today for a free consultation - 623 - 252 - 0742 or send us a note. A common question asked by families filing bankruptcy is if they will lose their home in the process. It is possible to keep your home, despite filing for bankruptcy. The cost of your home (and how much remains on your mortgage), as well as whether your state allows exemptions for all or some of your home’s equity are factors. Each case is unique and guidance from a bankruptcy attorney can ensure that the end result protects what really matters to you - home and all.
Facing foreclosure? We can help. Reach out to us today at 623 252 0742 to speak with our attorney regarding your specific situation. Ask any master craftsmen how to do a job well and he’ll tell you how important it is to have the right tool for the job. For someone tossing and turning all night about their debt obligations, bankruptcy can be the right tool. But, just as it is important to have the right tool, you need to have someone who knows how to use it properly. Navigating a bankruptcy by yourself can be really tricky - Which chapter do I file? What happens to my car and house payments? Can I keep my retirement fund? Using an established, reasonably-priced law firm can ensure that you are using bankruptcy for your full benefit and getting the support necessary to rebuild your financial future.
Interested in speaking with an attorney about your specific situation? Give us a call today at 623 - 252 - 0742 or send us a note.  Say hello to our Stacy, smiling in her new office! Isn't she a cutie pie?
In the same way that VISA or Mastercard can’t collect during an active bankruptcy filing, the IRS can’t request payment or transfer an account to collections while someone is in bankruptcy. All creditors must patiently wait until the bankruptcy process has been discharged (one of the few times the IRS must wait like the rest of us mere mortals). Back taxes, if old enough, can be handled within the bankruptcy process. On the bright side, depending on your specific case, the IRS and the State may be required to forgive your tax penalties. Depending on the bankruptcy code relevant to your unique situation, the IRS and State may be obligated to discharge your whole prior tax liability. The best way to make sure you get the best deal on your prior tax obligations is to work with a legal team who can advise if you are a good candidate for tax debt reduction post-bankruptcy.
Still have questions about back taxes and bankruptcy? We can help. Give us a call at 623 - 252 - 0742 or send us a note today! One of the most frequent questions we get is, If I file for bankruptcy, what happens to my tax refund? After all, that tax refund is a great way to get through any yearly rough patches (or handle a bit of christmas over-spending)! It can be quite shocking to find out that when filing for bankruptcy, the trustees receive your full tax refund. Rather than panic, work with an attorney to help you plan ahead and lessen the shock of losing that tax refund. Requesting help from a budgeting ninja or a bankruptcy-savvy financial planner can also help you plan your yearly expenditures more easily, allowing for an almost painless bankruptcy filing.
Need to speak with someone about your situation? Need a referral to a bankruptcy-savvy financial planner? We can help! Call us today at 623 - 252 - 0742 or send us a note. |
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