Planning for bankruptcy in Arizona can get tricky. Here are some tips to follow.
- Do continue to make payments on vehicles which you intend to keep. Read More.
- Don’t borrow from or withdraw 401K, IRA, and ERISA qualified savings and retirement plans to pay bills. Read More.
- Don’t borrow money on your home to pay unsecured debts such as credit cards, utilities, debt on surrendered or repossessed vehicles or medical bills. Read More.
- Do give “friendly” creditors a security interest in non-exempt property. Read More.
- Don’t pay $600 or more to relatives or business associates who have lent you money. Read More.
- Don’t use your credit cards when you know that you are planning to avoid paying them through bankruptcy. Read More.
- Don’t put property you own into someone else’s name to avoid it being taken by creditors or the trustee. Read More.
- Do close bank accounts where you owe money. Read More.
- Do reduce the amount withheld from your pay for taxes. Read More.
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