Tuesday, May 24, 2011

A Chapter 7 Liquidation Normally Liquidates...Nothing!



The majority of Chapter 7 Bankruptcy Cases in Arizona are "no-asset" cases, which means that the Bankruptcy Trustee appointed to the case has reached a conclusion that there's no good economic reason to try to liquidate your replica autographed Star Wars Special Edition Obi-Wan FX Lightsaber, even though it's not exempt under the exemption laws in the state of Arizona.

If the trustee can't find at least six hundred or eight hundred dollars, net, worth of non-exempt assets to liquidate in your case, he or she is likely to just walk on by.

Which, in the context of a Chapter 7 Bankruptcy, means to stamp the case "NO ASSETS", and go on to the next file.

Saturday, May 21, 2011

My All Time Most Popular Phoenix, Arizona Bankruptcy Attorney Articles!

Have fun!

All Time Most Popular Bankruptcy Posts

Why Do I Have to Include My Wife in my Bankruptcy? Can I Keep My Husband out of my Bankruptcy Case?

People love their husbands and wives, and want to spare them the embarrassment and the pain in the neck of filing; that's easy to understand.

Normally, it doesn't work very well if a spouse doesn't file.

If you watch this educational bankruptcy video, you'll know what I'm talking about.

Thursday, May 19, 2011

Top Ten Bankruptcy Articles This Week!

Here are this week's top Arizona Bankruptcy Attorney articles! Enjoy!


Top Ten Bankruptcy Articles This Week in my Other Blog!