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.
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.
The government may be implementing a new program mandating employers to automatically deduct student loan payments from a borrower’s paycheck. Is this a good thing? Actually, it may save a debtor money in the long run.
Most Arizona bankruptcy lawyers have to give the unfortunate news that student loans are dischargeable. But the new “Pay-as-You-Earn” program may provide some relief.
In re Cramner is a new case suggesting that Social Security income does not have to be paid as part of a Chapter 13 plan. An Arizona bankruptcy lawyer can determine whether a debtor who receives Social Security will have to pay some of it to a Chapter 13 trustee.