If you file for bankruptcy under Chapter 7 or Chapter 13 in Arizona, under Section 341 of the United States Bankruptcy Code, the bankruptcy case trustee and your creditors will have an opportunity to meet with you in a court hearing. This meeting of creditors is often referred to as a "341 meeting of...
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Chapter 13 bankruptcy under the U.S. Bankruptcy Code is often a good choice for debt relief, but sometimes, after filing for Chapter 13, people discover that it might be more advantageous to switch to Chapter 7 bankruptcy. In this article, we cover the reasons why, if you have already filed for Chapter 13 bankruptcy,...
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Divorce and bankruptcy do not always have a causal relationship with each other, but they often occur together. In this article, we cover how bankruptcy and divorce laws work. Specifically, we address the following topics: Filing for bankruptcy separately from your spouse or jointly. The effects of filing bankruptcy proceedings before, during, and after...
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Sometimes, people use bankruptcy to take advantage of their creditors. When this happens, federal bankruptcy laws exist that make bankruptcy fraud punishable as a civil offense or a serious federal crime. In this post, we review the U.S. Bankruptcy Code to identify its laws that govern bankruptcy fraud, including: How bankruptcy fraud happens How...
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Chapter 13 bankruptcy allows you to keep your assets that might otherwise be subject to liquidation under a Chapter 7 bankruptcy filing. Chapter 13 may also be the kind of bankruptcy filing you must use if you cannot qualify to use Chapter 7 because of the means test. Chapter 13 offers a number of...
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