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.
Bankruptcy and Divorce Part II: You May Still Be Liable to Your Ex For Debt Payments
When you file bankruptcy, you receive a discharge. Your creditors can no longer come after you. But your ex-spouse may come after you if the creditors now collect from him. An Arizona bankruptcy lawyer will advise that you can also discharge some of your divorce decree obligations to your ex if you file the correct bankruptcy under Chapter 13.
Does the Arizona Anti-Deficiency Statute Apply to Construction Loans?
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.
Help Me Help You! The Seven Steps to Prepare for Bankruptcy
Chapter 7 bankruptcy and Chapter 13 bankruptcy are significant life events. Don’t wait until the last minute before contacting an Arizona bankruptcy lawyer to learn about your options. There are many steps to help you prepare for the process. My goal is to make your bankruptcy as smooth as possible so long as you do the necessary work prior to filing bankruptcy.