Thursday, August 25, 2011

Latest news for people considering filing Chapter 7 bankruptcy in Arizona

As a bankruptcy attorney, I am seeing a lot of interesting developments going on in the field of bankruptcy, foreclosures, credit and mortgages. 20% of people filing bankruptcy are doing so due to medical debt, an increase from the past, according to credit counselors. Many people do not realize that most medical debt is dischargeable.

Home foreclosures are incredibly high right now, with almost one-third of home sales due to foreclosure. Last year, only 24% were foreclosures.

Homeowners Associations are now suing banks to get at delinquent properties faster, not content to wait until the banks foreclose.

California leads the nation now for bankruptcies per capita.

Alexander Bankruptcy Law Firm provides low cost Chapter 7 and 13 personal bankruptcies. $995 Chapter 7 and $2500 Chapter 13 plus court filing fee. Free consultation with a compassionate attorney who will handle your case personally. Call 24/7, available to meet with you around your schedule. Conveniently located in Central Phoenix along the Camelback corridor.

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