by John Skiba, Esq. | Jan 24, 2012 | Chapter 7 Bankruptcy
When you file for bankruptcy here in Arizona your case will be assigned to a bankruptcy trustee. This person works under the Department of Justice and in a chapter 7 bankruptcy, their job is to review your bankruptcy documents, determine if there are any assets that...
by John Skiba, Esq. | Jan 17, 2012 | Chapter 7 Bankruptcy
Should you seek out God’s guidance before filing for bankruptcy? Rev. Billy Graham says yes in a recent article when the question of the morality of bankruptcy was posed to him. After I have explained the nuts and bolts of the bankruptcy process to people I...
by John Skiba, Esq. | Jan 16, 2012 | Chapter 7 Bankruptcy
Because you told me about it. That is my typical response when I have someone tell me about an asset they have and then ask me “how will the bankruptcy court ever know that I have this asset?”. During my bankruptcy consultations I always discuss with...
by John Skiba, Esq. | Jan 14, 2012 | Chapter 7 Bankruptcy
Earlier this week ESPN reported that NFL sports agent Leigh Steinberg filed for chapter 7 bankruptcy. Mr. Steinberg was the inspiration behind the movie Jerry McGuire and represented many high profile athletes including Steve Young, Troy Aikman, and Ben...
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 10, 2012 | Chapter 7 Bankruptcy
Hostess, the company that makes the Twinkie, is preparing to file for chapter 11 bankruptcy for the second time in the last seven years. The purpose of a chapter 11 bankruptcy filing is to allow a company to restructure and emerge from bankruptcy leaner, healthier...
