Homeowner associations are common in Arizona. As a long time Arizona real estate lawyer, I have frequently drafted HOA governing documents that set forth the powers and responsibilities of HOAs. If homeowners don’t elect a competent Board of Directors, the HOA’s stability becomes a serious risk.

Debtors commonly explore their options with a debt settlement company before consulting with an Arizona bankruptcy lawyer. Most debtors get discouraged with the entire debt settlement process. In most circumstances, choosing to file a Chapter 7 or Chapter 13 bankruptcy is a more efficient and better option.

Most debtors who are served with a summons and complaint will receive a judgment against them that will permit garnishment of their wages. Unless the creditor agrees to some type of payment plan, an Arizona bankruptcy lawyer may advise the debtor to file a Chapter 7 bankruptcy or Chapter 13 bankruptcy.

Any competent Arizona real estate lawyer, Arizona foreclosure lawyer or Arizona bankruptcy lawyer will agree that the Arizona anti-deficiency statute is one of the most important Arizona laws protecting borrowers with loans secured by a residence. This statute will prevent many mortgage lenders from suing debtors for any deficiency amount after a foreclosure occurs. In a surprise ruling, a recent Arizona Court of Appeals case has extended the Arizona anti-deficiency statute to construction loans.

Thinking about charging up your credit cards to buy Christmas presents? Planning to hire an Arizona bankruptcy lawyer to file your Chapter 7 bankruptcy or Chapter 13 bankruptcy in the near future to discharge such debts? Think again.