Posts Tagged ‘arizona bankruptcy attorney’

Is it Possible to Stop Wage Garnishment in Arizona?

11 March 2013 by jacksonwhite  |  Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Judgment Creditors  |  No Comments

First, it is important to determine whether the source of your income is garnishable. For example, if your income is from unemployment or social security, your money is protected and you can get the creditor to stop the garnishment and possibly even return the funds. If your income is garnishable, the easiest way to stop wage garnishment is by paying the bill. However, you may not have the means to do so. Many people in Arizona are struggling to pay their bills right now. And when it comes down to feeding your family or paying the credit card bill, many…

Debt Settlement Companies and Bankruptcy

7 December 2012 by jacksonwhite  |  Bankruptcy Process, Debt Collection Issues, Debt Negotiation, Debt Settlement Companies, Filing for Bankruptcy, General Bankruptcy  |  No Comments

When someone is facing hard times financially, they’ll do just about anything to get on top of it, even if it means consulting a debt settlement company. A debt settlement company typically promises to work with your creditors to reduce the amount you owe. A typical debt settlement company charges high fees for their services up front. Even if they can’t reduce your debt, they still get to keep that money. These types of businesses also tend to encourage their clients to stop paying their debts and to stop communicating with their creditors. This is terrible advice. If you stop…

CSI Star Gary Dourdan Files for Bankruptcy

5 December 2012 by jacksonwhite  |  Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Filing for Bankruptcy, General Bankruptcy  |  No Comments

Hollywood actor Gary Dourdan has recently filed for bankruptcy. Dourdan has starred in eight seasons of CSI: Crime Scene Investigation, but his disposable income is just $321. Dourdan has roughly $1.8 million in assets, but currently owes $1.73 million to various banks. Dourdan said he makes $14,883 per month, but $14,562 of it goes to bills. Dourdan’s financial issues began in 2010 when he was sued over credit card debt. Dourdan had to file an injunction back in August to stop Wells Fargo from auctioning off his California home. Immediately after he filed the injunction, he filed for bankruptcy. Even…

Russell Wasendorf Liquidates all his Assets in Bankruptcy

21 November 2012 by jacksonwhite  |  Arizona Bankruptcy Procedures, Bankruptcy Auction, Bankruptcy Process, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Collection Issues, Filing for Bankruptcy, General Bankruptcy  |  No Comments

Chief Executive of Peregrine Financial Group Inc., Russell Wasendorf is auctioning off his assets on December 5th to pay back customers and creditors of his failed brokerage. The court-appointed receiver spent nearly 4 months tracking down all of Wasendorf’s possessions, which include antique cars, snowmobiles, construction equipment, office equipment, restaurant equipment, personal furnishings, and 2,100 bottles of wine valued at $100,000. Bankruptcy offers individuals a chance to eliminate their debt by either liquidating all of their assets, like in Wasendorf’s case, or by reorganizing their debt into a manageable payment plan. Since Wasendorf chose to have all of his assets…

Money Saving Tips for Thanksgiving

19 November 2012 by jacksonwhite  |  General Bankruptcy, Mistakes, Money Saving Tips  |  No Comments

Thanksgiving is the beginning of a series of holidays that are just around the corner. The holiday season will attempt to pull you into debt, but there are some simple tips that will help you save money this holiday season. Family potluck If you’re hosting Thanksgiving this year, ask family members to each bring a dish. This will not only save you money, but it’ll also give you a chance to focus on the turkey and any main dishes you plan on preparing. Keep it simple There’s no need to spend money on extravagant decorations or on surplus amounts of…

Debtor Education Course

15 November 2012 by jacksonwhite  |  Arizona Bankruptcy Procedures, Bankruptcy Process, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Duties of the Debtor, Filing for Bankruptcy, General Bankruptcy  |  No Comments

When you file for bankruptcy, you’re required to complete a debtor education course before the bankruptcy process is finished. The debtor education course is designed to help debtors plan for the future and avoid bankruptcy. The education course is two hours long and consists of discussions regarding budgeting, credit spending, and financial management. Once you’re ready to begin your debtor education course, you’ll need to have this information: Your mother’s maiden name. Your bankruptcy case number. Your bankruptcy Judicial Filing District. Filing for bankruptcy offers debtors a fresh start at life. Two bankruptcy options for debtors include Chapter 7 bankruptcy…

How to Avoid Going Bankrupt

14 November 2012 by jacksonwhite  |  Bankruptcy Process, Debt Negotiation, Filing for Bankruptcy, General Bankruptcy, Mistakes  |  No Comments

Bankruptcy should be a last resort for those who won’t be able to pay off their debt in their lifetime. Sometimes people end up having to file for bankruptcy a second time, because they fall back into the same routines they were in before. There are a few things you can do to avoid going back down the path to bankruptcy. One way to avoid bankruptcy is to set boundaries. You can do this by assessing your income and analyzing where your money is going. If you’re living above your means, then you’ll need to scale back while trying to…

Medical Bills are the Leading Cause of Bankruptcy

1 November 2012 by jacksonwhite  |  Bankruptcy Process, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Collection Issues, Filing for Bankruptcy, General Bankruptcy, Medical Bills  |  No Comments

When most people think of the word bankruptcy, they think of people racking up credit card debt by purchasing unnecessary luxuries that they can’t afford. There may be times where that’s the case, but the typical person filing for bankruptcy is filing because of the medical debt they’ve accumulated. The American Journal of Medicine stated in a 2009 study that medical bills were a main cause in 62 percent of bankruptcy filings. In fact nearly 75 percent of those who file for bankruptcy because of their medical expenses have health insurance. With all of the co-payments and deductibles, a serious…

When to Delay Filing for Bankruptcy

31 October 2012 by jacksonwhite  |  Filing for Bankruptcy, General Bankruptcy, Mistakes  |  No Comments

Filing for bankruptcy is sometimes the best and only option for families looking for a fresh start in life, but there are times when a person should wait to file for bankruptcy. Some reasons you should wait to file for bankruptcy is if any of the following are occurring: Divorce Monetary transfers Expected medical bills Recent credit card charges Unpaid income taxes If you have a planned surgery or medical expenses, it’s best to wait until after all medical treatment has been completed because medical bills can be discharged in bankruptcy. Credit card charges made within 90 days before filing…

Debt Collectors use District Attorney Letterheads to Collect

26 October 2012 by jacksonwhite  |  Debt Collection Issues, Debt Negotiation, General Bankruptcy  |  No Comments

Debt collectors have found a new way to target individuals who write bad checks. Generally, when someone writes a bad check it’s an accident, but every so often, someone writes a check with intent to defraud merchants. Collection agencies often have a hard time getting consumers to pay back debt that’s owed to businesses, but now debt collectors have an ally. Collection agencies are working with the District Attorney’s Office by taking bad check cases off of their hands in exchange for using District Attorney Letterheads. These letters state that the consumer must pay back the money they owe plus…

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