Tag: Bankruptcy

I Can’t Pay My Mortgage

I Can’t Pay My Mortgage COVID-19 & THE CARES ACT The economic crisis caused by the Coronavirus pandemic has resulted in thousands of people being unable to pay their mortgages. Many people have lost their jobs, been furloughed or placed on reduced hours. Even those who have been able to work may have suffered a […]

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When Is It Time For Me To File Bankruptcy?

When is it time for me to file Bankruptcy?             This is probably the question I get asked the most.  As a general rule, my advice has always been to file Bankruptcy to stop a creditor from taking something away, like a car being repossessed or a house in foreclosure or wages being garnished.  It is not a […]

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What Do I Get to Keep from My Creditors?

            Many people end up owing more money than they can ever afford to repay.  There are many reasons why people have debt.  Sometimes it is bad luck.  Sometimes it is bad decision making.  For whatever reason, there may come a time when you are not able to pay back the debts that you owe.             When a creditor starts to […]

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Is Your House Worth Less than What is Owed on the Mortgages?

Many people in Arizona own a house with multiple mortgages.  Some of those houses declined in value during the Great Recession and have not fully recovered.  If your house is worth no more than what is owed on your first mortgage, there are ways to get rid of the second (and other junior) lien. In a Chapter […]

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