With a new school year just beginning, students are starting back at schools and universities all over Arizona. Many people are looking into student loan options and figuring out how to finance their education. After graduation, many students can have substantial student loan debts in the thousands or hundreds of thousands of dollars, and cannot…
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…
What are the exemptions in Arizona, and what can I keep if I file bankruptcy? Each state chooses exemptions that apply in filing bankruptcy, and can either choose to allow use of the federal exemptions, or not. In Arizona the federal exemptions are NOT available, a debtor must use the state exemptions. In Arizona, the…
For those of you that follow the postings on our website because you are a victim of the Real Estate Fraud Scheme committed of Mr. Ken Plein, the headline, “EARN 9% RETURN ON REAL ESTATE SECURED INVESTMENT,” brings back many unpleasant memories. My purpose for posting this title was not to remind those that we…
When you think of Arizona being in a desert, you usually don’t worry about a home being “underwater”. However, if you happen to be among the thousands of Arizona homeowners that purchased a house between 2001 and 2006 your home may very well be underwater! These days “underwater” means that the remaining balance on your…
This summer, “The Great Recession” achieved another sobering record when the number of initial home foreclosure notices pumped out by those bank “robo-signers” hit the one million mark, and that was for this summer alone! Millions have already lost their homes and in Arizona one out of 55 homes have received foreclosure notices, with the…
Our nation has just experienced an historic drop in the market value of real estate. The so called “Real Estate Bubble Bust” has wiped out trillions of dollars in perceived value in real estate and has resulted in a gross devaluation of both residential and commercial real estate. The vortex of price deflation has caused…
During this down economy, the real estate values have declined drastically. This has caused many to find themselves in an upside- down house. This means that a home’s value is less than the mortgage owed. Unfortunately, this is causing some to walk away from their home without looking for possible solutions to their financial situation.…
It, indeed, has been a tough few years with the economy taking longer to recover than what everyone hoped. Many average, hard-working people are at the point where they have to do something to turn their financial situation around. Being married can even make this already difficult scenario even more complex. Will a separate bankruptcy…
The dreaded “b” word is tossed around today like a baseball on the practice field. But we’re not talking baseball are we? We’re trying to avoid the topic of bankruptcy, a legal proceeding where a person can find a fresh financial start. Unfortunately it often comes with the social stigma that the person considering 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.