Bankruptcy & Debt Articles
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and especially child support. Many people are taking the necessary steps to prepare for their future in the event of a divorce. They are opening a separate account and hiding it from their spouse.
Divorces can be very complex, especially when there are major financial obligations, property and debts to divide. The situation can get very messy when there is a huge financial loss at stake for one or both parties.
You are looking to file for bankruptcy protection and you have a credit card with a zero balance. Do you have to include that credit card if you decide to file for bankruptcy? Find out! Filing bankruptcy in Phoenix and Tucson, Arizona can be complicated.
When filing for bankruptcy protection, not all debt is created equally. Regardless of whether you are filing under chapter 7 or chapter 13 of the bankruptcy code, whether a debt is secured or unsecured makes a huge difference in how that debt is treated by the bankruptcy court.
Some times people get to a point where they have actually taken on too much credit and become overpowered by the weight of too much debt, just keep in mind though that there are Murrieta Bankruptcy Attorney laws that can secure us.
The recent real estate crisis has left a shocking 6.4 million Americans underwater in their mortgages.
Sometimes bankruptcy is the best course of action and other times debt settlement may be a better solution. Below is a basic comparison of Chapter 7 and Chapter 13 bankruptcy and debt settlement.
A credit card company or collection agency has a set amount of time to file a lawsuit for an unpaid credit card known as the statute of limitations. In Arizona the deadline to file a lawsuit for an unpaid credit card debt is six years after the cause of action accrues.
A Statement of claim is a form that is used to sue someone in small claims court. Often it is used by debt collection companies to sue for credit card debt.
Ten Things Debt Collectors Cannot Do