Arizona conducted a two-day sale of several of its state buildings last week in an attempt to dig itself out of debt.  The idea behind the sale is that the state is going to sell many of its buildings and then lease them back, with interest, for more than 30 years.  Arizona is expected to earn more than $300 million in the sales of these buildings, but that's before interest payments have been included in the equation.  The state's total debt load is $10 billion, which is more than five times what it was just a decade ago.  Paying off the heavy debt that Arizona has incurred will leave a tremendous burden on state budgets for many years.

This latest borrowing tactic to try to cover up the giant hole of debt has been questioned by many who think that the massive amount of interest that Arizona will have to pay back will add up to millions of dollars that could have been spent on programs dedicated to reducing taxes.  

If you or someone you know needs help with debt negotiations, contact the Arizona debt negotation lawyers of the Harmon Law Office, L.L.C. by calling 480-829-0494.

When individuals face student debt, they often need to restructure their debt to make repayments. While many former students want to repay their debt as soon as possible, this is not always an option, especially in the current economic environment. 

For that reason, some former students may be able to work with their lender to setup a repayment options. One option is a standard repayment option,  in which former students can repay the debt with monthly payments over ten years. Similarly, another option is an extendend option, in which repayment may be extended up to 25 years. 

If you or anyone you know has questions about student loan repayments, contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC, at 480-829-0494.

Bankruptcy cases rose 45 percent in January compared to the same time last year. According to statistics from the U.S. Bankruptcy Court of America, 2,493 bankruptcy cases were filed in January. 

The rise in bankruptcy filings was likely the result of a number of factors related to the recent recession. With many people losing their jobs and others having their home values drop, many people were unable to keep up with their regular debt payments. 

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.

Many people who consider filing for bankruptcy often seek other options. These options could include credit counseling and credit repair strategies.

However, these alternatives are often the source of many scams. Many companies market these scams in the hope of making money off people in desparate financial conditions. 

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

People who file for bankruptcy often enjoy the benefit of the automatic stay. This legal mechanism restricts creditors by not allowing them to take action against a debtor unless the creditor receives permisssion from the bankruptcy court. 

The automatic stay is intended to give a debtor the time and ability to renegotiate his or her debt. However, in some circumstances, creditors can receive a special grant from the court, which allows them to collect debt payments. 

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.