Bankruptcy
Bankruptcy And Forelcosure Options
Bankruptcy and foreclosure are the two main problems resulted from the inability of homeowners to pay off their debts. Also, there has to be paid attention to the fact that both bankruptcy and foreclosure are methods to be taken fro debt relief. Even more, homeowners might eventually loose their homes through both bankruptcy and foreclosure.
There […]
Arizona bankruptcy exemptions
These are the Arizona bankruptcy exemptions.
Asset: Homestead
-Real property; an apartment or mobile home you occupy to $100,000.Sale proceeds exempt 18 months after sale or until new home purchased, whichever occurs first (husband and wife may not double).The law section is 33-1101
-Must record homestead declaration before attempted sale of home. The law section is 33-1102
Asset: personal […]
Alaska bankruptcy exemptions
Please note that you can use federal supplemental exemption in conjunction with the Alaska bankruptcy exemptions.
ASSET: HOMESTEAD
$54,000 in principal residence, whether single or multiple owners, but subject to certain liens; proceeds also exempt located in Alaska for 6 months.
ASSET: INSURANCE
-Disability benefits
-Fraternal benefit society benefits
-Insurance proceeds for personal injury, to extent wages exempt (bankruptcy judge may […]
Tax Debts and Bankruptcy
Most of the tax debts cannot be wipe out in bankruptcy but there are some special cases when you can do this. This is not simple process and is very possible to continue have these debts (Doesn’t matter if is Chapter 7 bankruptcy or Chapter 13 bankruptcy).
If you are serious considering filling for bankruptcy in […]
What happens after you declared bankruptcy
Many of your wander what is happening after you fill for bankruptcy. What is the process, what your creditors will do and what measures will be taken by bankruptcy court.
First of all filling for bankruptcy puts into effect an “Order for Relief”. That mean that all creditors MUST stop from trying to collect what you […]
