Arizona Anti-Deficiency Statute After Foreclosure
The Arizona anti-deficiency statute is a hallmark of consumer protection. Many clients inquire whether a mortgage lender can sue for any deficiency amount owing after a …
Debts Not Dischargeable In Bankruptcy
When you are navigating the bankruptcy process, it’s essential to understand the debts not dischargeable in bankruptcy. This includes recent taxes, unpaid domestic support, student loans, HOA assessments, and debts incurred by fraud.
The Arizona Homestead Exemption in Bankruptcy
Understanding the Arizona homestead exemption is crucial if you’re considering bankruptcy. In 2025, the Arizona homestead exemption is approximately $425,200. It provides homeowners with a shield for their home’s equity.
Redemption of Personal Property in Bankruptcy
Redemption of personal property in bankruptcy is a powerful tool. It allows debtors to keep secured property, such as a car, furniture, solar panels, and soft water systems. This is accomplished by paying the creditor the actual value of the property shortly after filing Chapter 7.
A Reaffirmation Agreement in Bankruptcy
A reaffirmation agreement in bankruptcy is a form agreement between a debtor and a secured creditor, such as a vehicle lender. The debtor agrees to pay back a specific debt even after bankruptcy. In return, the creditor promises not to repossess the collateral associated with that debt so long as the debtor stays current with payments. Reaffirmation agreements are available in Chapter 7, not Chapter 13. They are primarily used for secured vehicle loans, not mortgages.