Navigating the Bankruptcy Process in Arizona: A Step-by-Step Guide
Are you facing financial difficulties that seem insurmountable? Bankruptcy might be the best option to help reorganize your finances and to get you back on track. In the United States, bankruptcy is a legal process governed by federal law and regulated by the United States Bankruptcy Code. In Arizona, the bankruptcy process is similar to […]
Understanding Arizona Proposition 209: Implications on Wage Garnishments and Debt Collection Practices in 2023 and Beyond
Arizona Proposition 209, passed in November 2022, has introduced sweeping changes to the state’s rules regarding wage garnishments and debt collection practices. As a leading Arizona law firm representing both creditors and debtors, we are here to help interpret these changes and provide our clients with the necessary knowledge to navigate the new legal landscape. […]
Tips to Improve Your Credit Score After a Bankruptcy in Arizona
Many people assume bankruptcy means they will lose everything and it should only be used as a last resort. The reality is bankruptcy is designed to give you a fresh start with a manageable path to keep your home and car. People also assume that bankruptcy destroys their credit for good. It is important to […]
Common Misconceptions and Questions About Bankruptcy Law in Arizona
There are many common misconceptions about declaring bankruptcy in Arizona. Those people considering bankruptcy often have similar questions that stem from the misunderstanding they will be forced into giving up everything they have in order to pay off their debts. Declaring bankruptcy can actually protect some of your most valuable assets and provide you an […]
Main Considerations When Exploring Debt Consolidation Versus Business Bankruptcy
To say the last year has been challenging for all types of businesses is a major understatement. Many businesses have been struggling to make ends meet, even with state and federal programs designed to help like the Payroll Protection Program. If your business is exploring ways to survive and finding that debt payments have become […]
The Small Business Reorganization Act (SBRA) Explained in 7 Key Points
The Small Business Reorganization Act (SBRA) went into effect on February 19, 2020. The SBRA is commonly referred to as Subchapter V, referring to the new Subchapter V of Chapter 11 of the Bankruptcy Code, which may provide a much needed lifeline to the many small businesses struggling to survive the economic fallout resulting from […]