Each state has its own set of exemption statutes that exempt certain types of property.  This prohibits or restricts creditors from taking specific items under certain conditions. Arizona has exemptions that protect a portion of your “homestead”, household goods, a vehicle, guns, work tools, etc.

Because of this, most bankruptcy filers do not lose much if anything while going through the bankruptcy process.  Arizona’s exemptions are fairly generous when compared to most other states.

If you are new to Arizona, Read the rest of this entry »

Of course there are alternatives, one method in particular is used everyday. Quite often I hear “I don’t have the money to hire an attorney to do my bankruptcy”. I understand, no money + bills = bankruptcy.  It makes complete sense.

So, what do you do? I would prefer that you prepare the bankruptcy packet on this website, gather your documents, and visit me for a free consult so that I can properly help, offer advice, and review the facts of your case. I might even arrange payment options.

However, in general, and to address the question, Read the rest of this entry »

THINK 90 DAYS

Generally, think in terms of at least 90 days before you plan to file the initial bankruptcy petition.  This allows you time to retain and talk with an attorney about the facts of your bankruptcy case and to prepare your documents.  Additionally, you can make payments to the attorney instead of paying the fees in one lump sum.   STOP USING YOUR CREDIT CARDS.

If you borrow money with the intent of having the debt discharged, then the debt is not dischargeable. You should consult an attorney before incurring any additional debt.  This includes using your credit cards for Read the rest of this entry »

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Thanks,

Elana Sears