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Bankruptcy filings in first two months increased in Arizona

by Administrator 11. March 2010 06:46

Bankruptcy filings rose in Arizona over the first two months of 2010. According to the U.S. Bankruptcy Court of Arizona, bankruptcy filing numbers totaled 3,950.

That number was a 45 percent increase from the same time last year. In most cases, individuals filed for Chapter 7 bankruptcy, which typically does not require repayment of certain debts. At the same time, Chapter 13 bankruptcy filings increased 60 percent compared to the same time last year.  

If you or anyone you know is consideirng filing for bankruptcy, contact the Arizona bankruptcy lawyers of the Harmon Law Office at 480-829-0494.

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Phoenix-area media holdings sale approved by bankruptcy court

by Administrator 11. March 2010 06:28

A number of Phoenix-area media holdings were sold to a Colorado company Tuesday. According to court reports, the sale was approved by a bankruptcy court. 

The bankruptcy judge approved the sale made by Freedom Communications, an Irvine, Calif. company. The sale included the East Valley Tribune, Ahwatukee Foothills News, and the Sun City Daily News. 

If your company is considering filing for bankruptcy, contact the Arizona bankruptcy attorneys of the Harmon Law Office at 480-829-0494.

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The basics of personal finance management courses for bankruptcy

by Administrator 4. March 2010 06:18

When individuals file for bankruptcy, they often are required to undergo instructional courses in finance management. These courses are intended to help filers to stay out of debt once they emerge from bankruptcy. 

In most cases, individuals must complete this course before their debts will be discharged. However, if attending a reasonable finance management course is not reasonable for filers, then they may be able to have their debts discharged anyway. 

If you are considering a bankruptcy filing, contact the Arizona personal bankruptcy attorneys of the Harmon Law Office at 480-829-0494. 

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What information can be found in a bankruptcy case number?

by Administrator 4. March 2010 06:12

Bankruptcy case numbers contain different pieces of information about a bankruptcy case. While this information is generally useful for court purposes, it is necessary to keep track of it during a bankruptcy filing. 

These pieces of information include the location where the case was filed, the filing year, and the initials of the judge assigned to the case. If there is an error in a bankruptcy case code, then the filer should report the discrepancy as soon as possible. 

If you or anyone you know has considered filing for bankruptcy, contact the Arizona bankruptcy lawyers of the Harmon Law Office at 480-829-0494. 

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Can you pay off your debts after you file for bankruptcy?

by Administrator 23. February 2010 06:40

Many individuals file for bankruptcy for the purpose of discharging some of their debts. However, this does not mean that bankruptcy filers cannot repay some of their debts. 

In some cases, individuals choose to repay some debts so that they can keep valuable assets like cars. The voluntary repayment of assets does not include debts that are part of the Reaffirmation Agreement, which bankruptcy filers are required to repay. 

If you are considering filing for bankruptcy, contact the Arizona consumer bankruptcy attorneys of the Harmon Law Office at 480-829-0494.

Can a bankruptcy filing discharge out-of-state debts?

by Administrator 23. February 2010 06:34

Individuals file for bankruptcy in courts located in their state jurisdictions. However, this does not mean that the bankruptcy court can only discharge in-state debts. 

Because bankruptcy is a federal proceeding, U.S. bankruptcy courts have the authority to discharge debts owed in any part of the country. For this reason, bankruptcy filers are typically required to list all of their out-of-state and in-state debts. 

If you or anyone you know is considering filing for bankruptcy, contact the Arizona bankruptcy attorneys of the Harmon Law Office at 480-829-0494.

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