http://www.arizonabankruptcylawyerblog.com/ Published by Michael S. Anderson P.C. en-us 2010-07-31T15:11:28-07:00 http://www.arizonabankruptcylawyerblog.com/2010/07/some_debts_will_be_discharged.html Some debts will be discharged in a chapter 7 bankruptcy case UNLESS the creditor files a complaint and obtains a court order that the debtor will remain responsible for the debt after the case is over. The debts that are... Creditor Rights and Bankruptcy Michael S. Anderson 2010-07-31T15:11:28-07:00 http://www.arizonabankruptcylawyerblog.com/2010/07/arizona_chapter_7_bankruptcy_w.html In a chapter 7 bankruptcy the debtor is able to "discharge" or cancel the obligation to pay certain debts. These debts typically include: credit card medical bill personal loan deficiency balances car repossessed deficiency balances other personal property repossessed deficiency... Chapter 7 Bankruptcy Michael S. Anderson 2010-07-29T15:01:31-07:00 http://www.arizonabankruptcylawyerblog.com/2010/07/bankruptcy_and_the_codebtor_st.html If someone "co-signs" a contract in order to help a friend or family member get a loan, that co-signer is legally liable to pay the debt and his or her credit report will reflect that. What if the borrower files... Bankruptcy Basic Questions Michael S. Anderson 2010-07-27T17:05:53-07:00 http://www.arizonabankruptcylawyerblog.com/2010/07/chapter_13_bankruptcy_what_can.html Amounts paid on certain debts secured by assets can be reduced in a chapter 13 bankruptcy. The most common are: 1. Car loans entered into more than 910 days prior to the filing of a chapter 13 bankruptcy. 2. Second... Chapter 13 Bankruptcy Michael S. Anderson 2010-07-25T15:19:11-07:00 http://www.arizonabankruptcylawyerblog.com/2010/07/chapter_13_bankruptcy_what_has.html A well developed and successful chapter 13 plan often results in: 1. full payoff of priority debt 2. full payoff of car loans and home arrears 3. a large reduction of debt paid to unsecured creditors 4. protection of assets that would have been lost in a chapter 7 Chapter 13 Bankruptcy Michael S. Anderson 2010-07-25T14:26:11-07:00 http://www.arizonabankruptcylawyerblog.com/2010/07/chapter_13_bankruptcy_pay_less_1.html If a car was purchased more than 910 days prior to the date a chapter 13 bankruptcy case is filed and the car is worth less then what the bank is owed, the debtor should be able to change the... Chapter 13 Bankruptcy Michael S. Anderson 2010-07-23T14:58:05-07:00 http://www.arizonabankruptcylawyerblog.com/2010/07/not_so_fast_a_pennsylvania_cou.html According to Attorney Craig Andresen at bankruptcylawnetwork.com a Pennsylvania District court has ruled that a private employer MAY refuse to hire a job applicant solely because the applicant filed for bankruptcy in the past. See Rea v. Federated Investors, 2010... Employment and Bankruptcy Michael S. Anderson 2010-07-20T15:49:24-07:00 http://www.arizonabankruptcylawyerblog.com/2010/07/considering_bankruptcy_basic_d.html If you have serious debt and feel that bankruptcy may be in your future, be aware of the following: 1. You should avoid borrowing money or withdrawing money from your IRA, 401k or ERISA qualified retirement plans to pay the... Bankruptcy Basic Questions Michael S. Anderson 2010-07-18T16:01:10-07:00 http://www.arizonabankruptcylawyerblog.com/2010/07/factors_you_should_consider_in.html Hiring a bankruptcy attorney is a big deal. An incorrect bit of advice can have serious consequences. In my opinion, fees and good sales technique shouldn't be determining factors in making the choice. This is my short list of what... Bankruptcy Basic Questions Michael S. Anderson 2010-07-17T06:11:48-07:00 http://www.arizonabankruptcylawyerblog.com/2010/07/means_test_basics.html The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, commonly known as BAPCPA, imposed a "means test" on those filing bankruptcy. This means test primarily determines whether the chapter 7 filing is "presumptively abusive". In order to determine whether... Means Test and Bankruptcy Michael S. Anderson 2010-07-16T06:30:00-07:00