Could the COVID-19 Pandemic Lead to the End of Medical Bankruptcy?

Could the COVID-19 Pandemic Lead to the End of Medical Bankruptcy?

In the middle of an election year where healthcare is already a hotly debated issue, the COVID-19 pandemic has stirred further discussion about whether major changes are necessary. During the Democratic presidential primary, the concept of Medicare for All split the candidates. While the candidate who promoted that concept has since dropped out of the Read More

What Are the Advantages of Chapter 13 Bankruptcy?

When you feel your debts have become insurmountable, you should know there is an alternative to filing a traditional bankruptcy — one that allows you to satisfy creditors while holding onto valuable assets, especially your home. Through a Chapter 13 filing, qualified wage earners can formulate a plan to repay a portion of their debt Read More

Military Clearance and Bankruptcy

A common question concerning bankruptcy is how it may affect active duty military or government workers, or employees of defense contractors.  Many have security clearance, which is a mandatory portion of their employment.  The guidelines can be found under Department of Defense Directive 5220.6, which covers issues related to security clearance, including financial concerns. E2.A6.1.1. Read More

Tax Refunds and Bankruptcy

In Arizona, when you file a Chapter 7 bankruptcy, you could lose certain property or interests you own that are non-exempt.  Exemptions, or things you can keep, are set primarily by Arizona Statute (A.R.S. §§33-1123 to 1126).  One item that Arizona does not exempt is any tax refund that you are owed at the time Read More

Dealing with Non-Exempt Assets

If you are presently on the title to, or have an ownership interest in a non-exempt asset, you can sometimes plan for a bankruptcy by turning non-exempt assets into exempt ones.  However, this area is fraught with potential issues, so you should consult an attorney before buying or selling anything if you are considering bankruptcy. Read More

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