Bankruptcy and Inherited IRAs
Bankruptcy and Inherited IRAs In a recent US Supreme Court decision, the Court held that inherited IRAs will not be considered “retirement funds” and therefore exempt under [...]
Bankruptcy Exemptions in Arizona: What is the Arizona Vehicle Bankruptcy Exemption?
Bankruptcy Exemptions in Arizona: What is the Arizona Vehicle Bankruptcy Exemption? The Vehicle Bankruptcy Exemption in Arizona: A.R.S. 33-1125(8) provides that a bankruptcy debtor(s) may exempt; “equity [...]
Series: Arizona Bankruptcy Exemptions Explained – Arizona Bankruptcy Homestead Exemption
The Arizona bankruptcy exemption states that a bankruptcy debtor(s) may exempt: “Interest in real property upon which debtor’s house sits, condominium or cooperative, mobile home, or [...]
Arizona Bankruptcy Explained – If I File for Bankruptcy Can I Save My House?
When you file a bankruptcy case you get what’s called the “Automatic Stay”, or automatic protection that halts creditors from taking action against you or any of [...]
Arizona Bankruptcy Blog – Should I File for Bankruptcy Relief?
Arizona Bankruptcy Blog – Should I file for Bankruptcy Relief? It’s a question many have asked, and if you’re asking whether or not you should file for [...]
Education Savings Accounts in Arizona Bankruptcy
Education Savings Accounts in Arizona Bankruptcy Usually there are two types of education savings accounts that I encounter regularly as a bankruptcy attorney in Arizona; the [...]
Foreclosure Help Arizona – Will Bankruptcy Save My Home?
Foreclosure Help Arizona – Will Bankruptcy Save My Home? Have you gotten a foreclosure notice, or notice of trustee sale? This doesn’t mean all of your options [...]
If I Short Sale, Will I be Liable for the Difference of the Sale and What I Owe???
If I Short Sale, Will I be Liable for the Difference of the Sale and What I Owe??? If your home is “under water” or “upside down” [...]
What is a “Motion To Lift the Automatic Stay” (Bankruptcy in Arizona)?
What is a “Motion To Lift the Automatic Stay” (Bankruptcy in Arizona) ? A “motion to lift the automatic stay” is sometimes filed by a lender/creditor (usually [...]
The Tax Consequences of Debt Forgiveness after Foreclosure and Short Sale.
The Tax Consequences of Debt Forgiveness after Foreclosure and Short Sale The IRS states that there is no debt forgiveness on non-recourse debt/loans. In Arizona, non-recourse debts [...]
