You’re considering bankruptcy likely because of the benefits you perceive bankruptcy providing to you and your family. You may also be avoiding or delaying your bankruptcy for the perceived negative impact it is going to have on your life. Good and bad – there will be consequences for filing bankruptcy. Here are 3 ways your life will change after you file your bankruptcy case: #1 – You Will be Able to Sleep Again Most of my bankruptcy clients delay filing for bankruptcy for years – even though they need it […]
Several years ago I was driving my family from Arizona to Utah to be with family for the holidays. This is about an eleven (11) hour drive (and with six kids it is awesome!). While stopped for gas I found a copy of Dave Ramsey’s Total Money Makeover and bought it and my wife read it aloud for the next 8 hours of the trip. When Dave Ramsey started offering Debtor Education courses that complied with the requirements of the Bankruptcy Code I jumped at the opportunity to provide them […]
Just yesterday the Arizona Bankruptcy court released a video presented by retired bankruptcy Judge Charles Case. Judge Case talks briefly about the implications of filing bankruptcy without an attorney. He states that here in Arizona 25% of bankruptcy cases filed by people without a bankruptcy lawyer are dismissed. A dismissed case means that not only did you not get the benefit of having your debts eliminated, but a bankruptcy will still show up on your credit report. The video is only a couple minutes long. Worth checking out the perspective […]
No one wants to file for bankruptcy. And despite what some may think, bankruptcy is almost always a last resort for people. Truth be known most people that file bankruptcy should have filed years before they actually did – often to their detriment. People want to pay their bills, but sometimes, they just can’t. Recently I met with a couple that needed to file for bankruptcy. They had over $100,000 in unsecured debt from a failed business. They came to me seeking information on alternatives to bankruptcy. I was happy […]
Today was a pretty exciting day…if you are a bankruptcy attorney in Arizona. In fact, if you are needing to file bankruptcy and you live in the great state of Arizona you should be excited as well. Or at a minimum slightly interested in what the Arizona legislature did. They raised the exemption limits. When we strip it all away what this means for people in Arizona who are going through the bankruptcy process is that they will be able to keep more of their stuff as they go through […]
No one wants to file bankruptcy…but if you are going to file, you want it to be successful. After all, you are going to take the hit to your credit you might as well make it count. Here are five super important keys to bankruptcy success for those of you who live in Arizona (and other places as well): #1 – Trust Your Bankruptcy Lawyer Your bankruptcy lawyer is here to help you. Pretty much all of the bankruptcy lawyers I know here in Arizona are good people who truly […]
Once you pick a bankruptcy lawyer you can set this puppy on auto-pilot and you are good to go – right? Not right. You need to view your chosen bankruptcy lawyer more as a guide through the bankruptcy journey rather than captain of the bankruptcy cruise. Here are three responsibilities that are now yours: 1. Complete and Total Honesty Don’t ever lie to your bankruptcy attorney. Don’t ever hide anything from your bankruptcy attorney. Remember, you are on the same the team. Your lawyer wants to help you through this process with […]
Here we are. New year. If you are like me you look back and evaluate whether or not you met last year’s goals. And if you are like me you didn’t reach some of your goals. If you are still dealing with the same debt you had last year – which is likely much larger than it was last year – the time to deal with your debt problem is now. Don’t go another year bearing the weight of overwhelming debt. I know you don’t want to file bankruptcy. Nobody […]
Another year is in the books. Looking back over 2012 I wrote over 80 articles on bankruptcy. Hopefully these have provided some value and direction for those of you who are dealing with the all-encompassing and very stressful burden of debt. My goal on the blog is to not only provide valuable information but to provide hope. Hope that even though you are in what feels like your darkest hour, that there is hope and there is a way out. Here are five of my favorite articles from the blog […]
Sometimes, after all the stress, the paperwork, and the gut wrenching that went into making the decision to file for bankruptcy, people will want out. The reasons vary. Often there is a change in circumstances making the bankruptcy no longer necessary – or at least no longer the only path for dealing with your debt problem. Sometimes clients withhold information from me in the preparation of their bankruptcy case and then when it comes out after we have filed (and it always comes out), the consequences for withholding the information […]
