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 […]
Archives for October 2012
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. […]
Credit card debt in Arizona divorce; here's the scoop
On behalf of Ellett Law Offices , P.C. posted in 1. Credit Card Debt on Thursday, May 31, 2012 When one goes through a divorce in Arizona or anywhere else, it is often expected that the ex-spouse will be out of your life and you may continue to a new independence. However, it is often […]
Chapter 7 bankruptcy filings decrease, but still persist
On behalf of Ellett Law Offices , P.C. posted in 1. Chapter 7 on Wednesday, May 23, 2012 As the economic conditions and financial situations in Phoenix and across the state begin to improve, the number of bankruptcy filings seen in Arizona is on the decline. While this spells good news for many, there are […]
Arizonans note: Bankruptcy won't eliminate student loan debt
On behalf of Ellett Law Offices , P.C. posted in 1. Personal Bankruptcy on Wednesday, May 16, 2012 So many students across the nation, Arizona included, are forced to take out loans in order to handle the ever-growing financial burden of higher education. Unfortunately, later in life, many of these individuals find themselves in financial […]
Credit card debt collectors seek help in Arizona
On behalf of Ellett Law Offices , P.C. posted in 1. Credit Card Debt on Friday, May 11, 2012 Debt collectors are a constant harassment to debtors, and they can pile even more stress onto a situation of financial trouble, making it even harder to manage. Many states across the nation are enacting legislation that […]
Infamous "Octomom," $1 million in debt, files for bankruptcy
On behalf of Ellett Law Offices , P.C. posted in 1. Chapter 7 on Friday, May 4, 2012 Bankruptcy stories seem to be a dime a dozen nowadays. Readers may glance over them online or ignore it in their local papers because bankruptcy has become ubiquitous during the country’s recent economic struggles. Nothing paints that […]