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Real-estate markets in the US have started to recover from their collapse several years ago. Arizona’s housing market has undergone one of the fastest recoveries in the nation, but unfortunately, that doesn’t mean good news for potential home buyers. Bargains are hard to find anymore. Real-estate investors have already bought the houses at low prices and are now increasing them. One such real estate investor, Tucson firefighter Keith Kubberley explains that “homes that would have sat on the market a couple of years ago are now getting multiple offers.” According to an article by Ted Robbins of NPR.org, “Phoenix-area median home prices rose 20 percent over the past year.”

With Tax season upon us, the question on the minds of potential bankruptcy filers is, “How do we keep our tax refund after filing?” Some people opt to spend their tax refund outright. The problem with this strategy is that when a person or couple files for chapter 7 or chapter 13, their possessions are absorbed into the trust estate to pay for their debts. Frankly, it doesn’t make sense to make a purchase today only to have it taken away tomorrow. A word of caution: If you spend your tax refund on luxury items or vacations, pay off a credit card or other unsecured debt, or use it to repay a friend or family member, you may trigger an objection from the trustee, and be required to surrender your tax refund, even if you have already spent the money.

Recovering From Holiday Finances

If you went all out for Christmas and got your spouse and children everything on their wish lists, your bank account might not be feeling the same warm glow of contentment as your family. If you want to avoid hitting rock bottom or plunging further into debt, you need to take some proactive steps to getting a grip on your finances. 1. Evaluate where you stand right now. Before you can get your finances in order, you need to know everything that is happening with your various accounts and bills. Take the time to sit down and make a list…

Create Your Own Bankruptcy Calculator

Potential clients may hesitate to call a bankruptcy attorney, especially if they’re unsure about whether or not they even qualify to file. Alleviate hesitation and give your website visitors the confidence to call you by adding a Bankruptcy Calculator to your firm’s website. Simply choose a size below, copy and paste the HTML code on your website, and you’re good to go. We’re sharing it for free, so there’s no need to worry about money — and that’s something we know can resonate with any bankruptcy attorney. Want to see the bankruptcy calculator in action? Click on the link to…

Use This Infographic on Your Site! Infographic by JacksonWhite Arizona Bankruptcy Attorneys

Adusting to Life After Bankruptcy

A lot of people who are considering filing for bankruptcy are worried about the affects that it might have on their life once their case is over. Many people tend to think of bankruptcy as a bad thing but in all reality it can be a breath of fresh air for those who are struggling financially. Chances are that if you’re in a position where bankruptcy is a viable option, then you are most likely facing harassing phone calls from creditors, foreclosure notices, and poor credit scores. Your life after bankruptcy however can be free of all this unnecessary stress….

If you’re struggling with insurmountable debt chances are you have already started thinking about filing for bankruptcy. Many people who are unfamiliar with bankruptcy will commonly ask “is Chapter 7 bankruptcy better than Chapter 13?” Truthfully there isn’t a clear yes or no answer because it all depends on your particular situation. There are several types of bankruptcy, each of which is designed to fulfill a specific purpose. All too often when people think of bankruptcy they think of it as a bad thing. Bankruptcy generally carries with it a fairly negative connotation. In all reality bankruptcy was created to…

Is Bankruptcy My Only Option?

The answer is “it depends”. Bankruptcy is commonly thought of as a bad thing. It carries with it a negative connotation and seems to be a very thought for most individuals and businesses. The reality, however, is that bankruptcy was designed to help people with insurmountable debt. If you’re not sure whether or not you are at the point where you qualify for bankruptcy you should consult an Arizona bankruptcy attorney. With the help of an experienced attorney you can discuss your future financial difficulties and make an educated decision as to what the best step would be. Do I…

Is filing for bankruptcy worth it?

If you are asking yourself this question, then bankruptcy is most likely a very real option for you. However, filing for bankruptcy is a very hard thing for many people to come to terms with. People considering filing for bankruptcy often face the decision with a lot of anxiety and doubt, wondering if bankruptcy will really be the solution they have been waiting for. Any extra thought put into the decision is well-spent; bankruptcy is a challenging thing to face, and filing for bankruptcy is not a decision that should be made lightly. Weighing the pros and cons of bankruptcy…

Can Bankruptcy Discharge My Student Loans?

The Wall Street Journal recently reported that the class of 2011 is graduating with a record high amount of debt, averaging at about $22,900 per student. But let’s face it – recent graduates aren’t the only ones with student loan debt hanging over their heads. Many people, when faced with the challenges of the “real world,” find it difficult to pay off student loan debt in a timely manner. Factor in interest, and you’ve got a major debt on your hands. Those considering filing for bankruptcy may wonder if their student loan debt will be discharged along with their other…

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