Bankruptcy and Credit Scores
Bankruptcy stays on your credit report for a period, but it doesn’t mean the end of your financial health. With careful planning and responsible financial behavior, you can rebuild your credit over time.
When Your Homestead Equity Increases While in Chapter 7
Your homestead is exempt when you file Chapter 7 unless it appreciates above the homestead amount while the case is open. If this happens, you could lose it unless you file the appropriate pleading.
How to Discharge Student Loans in Bankruptcy
Bankruptcy discharges most unsecured debt. Student loans are not dischargeable, unless you file a lawsuit in the bankruptcy and prove that the debt is causing an undue burden. This may have gotten a little easier based on new guidance.
Arizona Exemptions and Proposition 209
Proposition 209 was an Arizona initiative that was overwhelmingly passed by the voters. Although it increased the Arizona exemptions, it has caused confusion.
How Many Times Can I File Bankruptcy?
Amendments to the Bankruptcy Code in 2005 limit the number of bankruptcies a person can file. You must consult with an Arizona bankruptcy lawyer to determine whether you are eligible to file again.