On behalf of Ellett Law Offices , P.C. posted in 1. Credit Card Debt on Tuesday, August 7, 2012 Credit cards are commonplace for many Phoenix consumers, as is the growing presence of credit card debt in Arizona and across the nation. Credit card debt is one that can build up unexpectedly and become a […]
What may tip scales for Phoenix companies on filing Chapter 7?
On behalf of Ellett Law Offices , P.C. posted in 1. Chapter 7 on Wednesday, August 1, 2012 When a Phoenix individual or business is faced with levels of debt that are higher than their available assets there are often limited options for their financial future. Commonly, individuals and businesses turn to bankruptcy, Chapter 7, […]
Should Phoenix parents let students take on credit card debt
On behalf of Ellett Law Offices , P.C. posted in 1. Credit Card Debt on Tuesday, July 24, 2012 College time is just around the corner, and with it thousands of new college freshmen will be off to start their undergraduate careers. During this time, Phoenix parents are faced with a dilemma: sending their newly […]
Phoenix business bankruptcy: Chapter 7 or Chapter 11?
On behalf of Ellett Law Offices , P.C. posted in 1. Chapter 7 on Monday, July 16, 2012 When businesses in Phoenix decide to file for bankruptcy, a decision must be made on which bankruptcy type to file under. The two most common of these filings are Chapter 7, in which a company liquidates assets […]
Too broke for Arizona bankruptcy? Research before deciding
On behalf of Ellett Law Offices , P.C. posted in 1. Personal Bankruptcy on Monday, July 9, 2012 The number of bankruptcy filings across the country is slowly returning to pre-recession levels, but that may not be a sign that Phoenix households are out of the woods yet. According to some observers, due to legislation […]
Even after death, student loans bring debt, creditor calls
On behalf of Ellett Law Offices , P.C. posted in 1. Personal Bankruptcy on Thursday, July 5, 2012 Many college students in Phoenix understand the struggle of trying to pay for an expensive education. But imagine attempting to pay off such a cost when no one benefits from the education being paid for. For one […]
Credit card debt: use declining but consumer borrowing increases
On behalf of Ellett Law Offices , P.C. posted in 1. Credit Card Debt on Thursday, June 28, 2012 Consumer borrowing may have seen a slight increase in April in Arizona and nationwide, but fewer individuals are attempting to shoulder debt on their credit cards. Reports suggest that this decline in credit card use — […]
Phoenix bankruptcies up in May, down from 2011
On behalf of Ellett Law Offices , P.C. posted in 1. Personal Bankruptcy on Monday, June 18, 2012 While May brought Phoenix area bankruptcies to a nine-month high, some analysts say it may not be cause for major concern yet. The number of businesses and individuals seeking bankruptcy – – including Chapter 7, Chapter 11 […]
Ch. 7? Ch. 11? In Arizona, best not to make decision alone
On behalf of Ellett Law Offices , P.C. posted in 1. Chapter 7 on Monday, June 11, 2012 When someone in Arizona is faced with a situation of financial insecurity and growing debt, it can often be difficult to determine what the best way to respond. For many Arizona residents in this situation, some form […]
One spouse's Chapter 7 bankruptcy allows couple to stay in home
On behalf of Ellett Law Offices , P.C. posted in 1. Chapter 7 on Thursday, June 7, 2012 When someone is dealing with the difficulty of growing debt, the last thing they want to think about is potentially losing their home. Unfortunately, for many individuals in Arizona, that’s just the headache they may be facing. […]
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