Disclaimer: Nothing contained in this blog or anywhere else on this website is intended as legal advice to be relied on. Every individual's or company's legal needs is unique. The law may apply differently, depending on your situation and what you are trying to accomplish. Always consult with a competent Arizona lawyer.

April 29th, 2013

Will Bankruptcy Hurt My Credit and Prevent Me From Buying Another House?

There is this myth that if you file for bankruptcy, you won’t qualify for a home loan in the near future. As an Arizona bankruptcy lawyer and Arizona real estate lawyer, I always advise clients that they will be able to qualify for financing so long as they save money for a downpayment and continue to improve their credit.

April 21st, 2013

How Long Does Bankruptcy Show Up On My Credit Report?

An Arizona bankruptcy lawyer must remind clients that although bankruptcy may adversely impact a person’s credit immediately after filing, credit will start rebuilding shortly thereafter. The bankruptcy filing doesn’t stay on a person’s credit report for as long as most people think.

April 14th, 2013

Unlawful Transfers Prior to Bankruptcy: Bad Idea for Everyone

After you consulted with an Arizona bankruptcy lawyer, you realized that you will have to surrender some of your non-exempt property to the trustee. So you give it away or sell it on the cheap prior to filing. This is called an unlawful transfer, and you have just caused your own unnecessary complications and serious liability for the transferee.

April 6th, 2013

Zombie Foreclosures: When Banks Refuse to Foreclose

An Arizona bankruptcy lawyer or an Arizona real estate lawyer will advise that a lender cannot be compelled to foreclose and take title to property. As such, these delayed foreclosures are causing uncertainty and potential liability to the debtor.

March 29th, 2013

Social Security is 100% Exempt. But Beware of Commingled Accounts!

An Arizona bankruptcy lawyer will advise that Social Security income is 100% exempt from creditors and a bankruptcy trustee. However, the account may lose its exempt status if other non-exempt money is commingled with the Social Security.

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