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Arizona Bankruptcy Exemptions

The simplest way to define a means test is as an official assessment of and investigation into the financial circumstances of an individual. Means tests are used in the realm of bankruptcy to determine eligibility for a Chapter 7 filing in Arizona. But what exactly does a means test entail, and how does it affect your filing for bankruptcy? Our Phoenix bankruptcy lawyers can help answer these questions, among others.

Bankruptcy and the Elderly

The Phoenix bankruptcy lawyers at EZ Legal Fees by WantAFreshStart understand that the aging process can be a financially difficult time. As we grow older, medical bills accrue and pensions have begun to decrease along with social security allotments. These factors, combined with disabilities common to the elderly, can preclude them from working, meaning that old age is one of the easiest times to fall into large debt. There are some benefits for seniors above other citizens when it comes to filing for bankruptcy in Arizona, and filing can help in many cases.

Discharging Taxes

When it comes to discharging or eliminating tax debt in Arizona, there are many factors to keep in mind and a knowledgeable Phoenix bankruptcy lawyer at Want A Fres Start can help you every step of the way. For instance, many tax debts are exempt from discharge by design, and even if bankruptcy is successfully filed, they will need to be paid during or after the bankruptcy proceedings. There are, however, exceptions to this generalization, and some taxes can be discharged through the filing of bankruptcy if the circumstances are right.

Will I Lose Everything in Chapter 7 Bankruptcy?

Many people who are considering bankruptcy are worried that filing for bankruptcy will leave them destitute and penniless. This impression tends to arise when people first start looking into bankruptcy and discover that the most common type of consumer bankruptcy, Chapter 7, involves the liquidation of a debtor’s nonexempt assets in order to pay his or her outstanding debts.

Stop Creditor Harassment

There are laws and regulations in place to offer relief to those who find themselves overwhelmed by debt and to give them hope that a resolution can be found. These laws also to preclude creditors and debt collectors from acting in a harassing manner toward those indebted to them; however, there are particular parties – such as first party or in-house collectors – exempt from many of these regulations.

An In-Court Dispute Over Mediation Confidentiality (In re Barrets Minerals)

Don’t Let Social Media Ruin Your Bankruptcy Case!

Social media sites such as Instagram, Facebook and TikTok continue to grow in popularity. These sites have impacted many aspects of society, including the practice of bankruptcy law. While social media sites give people a chance to connect with friends and family, many people share a lot of personal information online. This blog will discuss the impact social media could have on your bankruptcy case.
Your Posts on Social Media are Not Private

4th Cir.: Ford v. Sandhills Medical- Data Breach not Related To Protections for the Provision of Medical Services

Ed Boltz

Mon, 04/15/2024 - 22:20

Summary:

Research Paper: Murto, Michael, Student Loans and College Majors- The Role of Repayment Plan Structure (February 22, 2024). Consumer Financial Protection Bureau Office of Research Working Paper No. 24-01

Research Paper: Murto, Michael, Student Loans and College Majors- The Role of Repayment Plan Structure (February 22, 2024). Consumer Financial Protection Bureau Office of Research Working Paper No. 24-01

Ed Boltz

Mon, 04/15/2024 - 21:11

Abstract:

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