by John Skiba, Esq. | Jan 13, 2012 | Bankruptcy A to Z, Chapter 7 Bankruptcy
Garnishments are a pain. Maybe the only thing that pushes people into bankruptcy more quickly than garnishment is a foreclosure. In Arizona, a creditor can garnish up to 25% of each pay check. If you are living payday to payday this can completely devastate your...
by John Skiba, Esq. | Jan 2, 2012 | Bankruptcy A to Z, Chapter 7 Bankruptcy
In the bankruptcy world (yes, there is such a place!) the term “fresh start” is mentioned so often that it can become cliche. However, when you can get past the initial feelings you may have about bankruptcy, the end result truly is a “fresh...
by John Skiba, Esq. | Dec 19, 2011 | Bankruptcy A to Z, Chapter 7 Bankruptcy
Equity. It is usually your friend. If you are in bankruptcy, it can be an issue. Simply put, equity is what you actually “own” in your property. For instance, if you have a car that is worth $10,000 and you still owe $6,000 on the loan, then you have...
by John Skiba, Esq. | Dec 7, 2011 | Bankruptcy A to Z, Chapter 7 Bankruptcy
Debt free. Can you even imagine it? I would dare say that when most people come in to inquire about filing for bankruptcy they aren’t really thinking about the end result of being debt free, but are more focused on stopping the immediate pain of debt...
by John Skiba, Esq. | Dec 2, 2011 | Bankruptcy A to Z, Chapter 7 Bankruptcy
This one is pretty basic but you may be surprised as to how many people aren’t quite sure what the difference between a creditor and a debtor is. In the bankruptcy world if you are filing for bankruptcy you will now be known as the Debtor. Owing debts =...
by John Skiba, Esq. | Nov 25, 2011 | Bankruptcy A to Z, Chapter 7 Bankruptcy
It is finally here. The day retailers everywhere and my younger sister look forward to every year! Black Friday. It seems to be starting earlier ever year. Last night after Thanksgiving dinner I ventured out with my wife and some other family members to see if we...
