According to Arizona governor Jan Brewer, the State of Arizona is facing its "the worst financial days ever."  The state is up against a $1.5 billion defecit this year, and is expected to face a $3.4 billion shortfall over the next fiscal year.  Arizona state lawmakers passed a new bill recently which cuts about $193 million from the state budget, mostly cutting state salaries and benefits.

Says Gov. Brewer: "We face a state fiscal crisis of unparalleled dimension, one that is going to sweep over every single person in this room, as well as every business, every family, every Arizonan."

If you're struggling during these difficult economic times, filing for bankruptcy may be the best way to get back on your feet.  To learn more, contact the Arizona bankruptcy attorneys at the Harmon Law Office today by calling 480-829-0494.

The Mean's Test is a formula that bankruptcy courts will use to determine whether the debtor has enough income to pay off certain expenses. One of its purposes is to ensure that high income individuals from filing for Chapter 7.

The formula is highly complicated, but it is also generous for many potential bankruptcy filers. The mean's test, however, is only permitted for personal bankruptcy filers and is not used for businesses. 

If you or anyone you know has questions about the mean's test, contact the Arizona bankruptcy lawyers of the Harmon Law Office at 480-829-0494. 

Individuals who are considering filing for bankruptcy need a number of documents. These documents are often used by an attorney to conduct a proper bankruptcy filing. 

These documents include a list of creditors, which must include both details about companies and amounts. Attorneys will also need a schedule of assets and liabilities, as well as a statement of income and ordinary expenses. 

If you have any questions about which documents you will need for a bankruptcy filing, contact the Arizona bankruptcy attorneys of Harmon Law Office at 480-829-0494.

Single mothers face a high risk of filing for bankruptcy. Many of these single mothers incur large debts because they are often obligated to pay for their children's expenses. 

In some cases, single mothers receive alimony payments and child support, which help with their children's expenses. However, these payments are generally not enough to cover all the expenses. 

For this reason, single mothers must take on multiple jobs to pay for their children's expenses, including food and health care. 

If you are a single mother considering filing for bankruptcy, contact the Arizona bankruptcy lawyers of the Harmon Law Office at 480-829-0494.

When individuals file for bankruptcy, some of these individuals may have a number of student loan obligations. In most cases, these obligations will not be discharged by a bankruptcy court.

When this occurs, the person filing for bankruptcy will be forced to pay off some or all of the student obligation. However, in rare cases, the individual may be able to discharge the debt. This provision is allowed if the individual can who "undue hardship." 

If you have questions about your student loan debt, contact the Arizona student loan debt negotiation lawyers of the Harmon Law Office at 480-829-0494.

Many bankruptcy filers are not current on their tax liability payments. For this reason, they face claims by the IRS, which require the taxpayer to make any outstanding payments.

However, when taxpayers file for bankruptcy, they often can get their tax payments delayed until they are out of bankruptcy. While these tax payments do not go away, taxpayers can benefit from the deferral tax savings that come from bankruptcy filings. 

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