Help for self-employed debtors and others. (DEBTORS IN ARIZONA CAN NOW KEEP THEIR iPad) The following is current as of April 24, 2013. Bankruptcy exemptions can change based on new laws, and interpretation of current laws by the courts. Arizona Bankruptcy Laws have changed in a significant way, as the updated exemptions will make it harder…
Many people believe that bankruptcy law only protects those with a “good reason” for filing bankruptcy. This belief is not true. You do not need to prove a “hardship” to file bankruptcy. There are a lot of different reasons to file bankruptcy. Below are a few of the most common situations where people find that…
The short answer: To avoid fraud charges and to prevent the bankruptcy trustee from taking assets which may be exempt. Most people file bankruptcy because they can no longer pay their creditors. When you file a Chapter 7 bankruptcy you are asking for the federal government to stop all your creditors from collecting, and appoint…
The Carroll Law Firm is not “a Bankruptcy Law Firm”, and it never was our intention or expectation that we would be filing as many Bankruptcy Petitions on behalf of so many individuals, families and businesses. In fact, in 2007 when the Arizona office was first opened, if you needed representation in a Bankruptcy Proceeding,…
We have heard of attorneys encouraging people to max out their credit cards before filing bankruptcy. Our attorneys strongly disagree with this advice for several reasons. First it is dishonest. Some people would say that filing bankruptcy is dishonest in itself, so why not get as much out of it as you can. Filing bankruptcy…
During this time of heightened concerns over COVID-19, The Carroll Law Firm, PLC is open and can provide telephonic appointments for many types of consultations.