Many who claim to have no assets file Chapter 7 bankruptcy.  This is sometimes referred to as a Chapter 7 no-asset bankruptcy.  In many cases, the process goes by quickly since the trustee won’t have any property or assets to satisfy creditors with.  Many consumers don’t realize that a large number of Chapter 7 cases [...]

  Bankruptcy laws provide for you to exempt property from the bankruptcy process that is necessary for you to get a fresh start. In handling your bankruptcy case, we will need to take into consideration how long you have lived in Arizona to effectively plan your property exemptions.   Some states will allow you to [...]

  Bankruptcy laws provide for you to exempt property from the bankruptcy process that is necessary for you to get a fresh start. In handling your bankruptcy case, we will need to take into consideration how long you have lived in Arizona to effectively plan your property exemptions.   Some states will allow you to […]The post Planning Your Exemptions In Bankruptcy appeared first on Tucson Bankruptcy Attorneys Trezza & Associates.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 27, 2013 Bankruptcy Costs Weighing on AMR’s Profits Irish Bank Resolution Corp. Files for Bankruptcy in U.S. Buffalo Lake’s ethanol plant is sold in bankruptcy  

As an individual, being responsible for business debt in bankruptcy likely depends on the structure of your business.  In some cases it may depend on how it was developed or formed.  Many who seek to file for protection may operate a business as a sole proprietor, partnership, corporation or limited liability company (LLC). If you [...]

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This question may not initially be on the mind of a prospective client when they come into your office, but the situation does come up from time to time when it is in the best interest of the client who originally started their bankruptcy as a Chapter 13 to convert that case to a Chapter […]

This question may not initially be on the mind of a prospective client when they come into your office, but the situation does come up from time to time when it is in the best interest of the client who originally started their bankruptcy as a Chapter 13 to convert that case to a Chapter […]

For those who intend on filing in the future, getting prepared ahead of time can affect the outcome of your case.  But the wrong actions could jeopardize the success of the outcome.  In taking the time to plan ahead you know what to expect while allowing yourself more time to do things efficiently.  The following [...]

You think you can't afford to file a chapter 7 bankruptcy.  You visited a chapter 7 bankruptcy attorney and discovered that it is going to cost over $1000 to file Chapter 7 bankruptcy.  You start browsing on the internet and discover that a paralegal will prepare paperwork for you for $125.