Mattress Firm Files Chapter 11

Mattress Firm Joins Other Retail Companies Who Have Filed Chapter 11 Bankruptcy

Mattress Firm filed for Chapter 11 bankruptcy. The largest mattress retailer in the country plans for its company to close almost 700 of its stores. As it plans to restructure, Mattress Firm is operating 3,500 stores, but will close 200 locations immediately.

Retail stores are filing chapter 11 blog

“Brick and Mortar” businesses and shopping malls are challenged by big-box stores such as Walmart, and online shopping giant Amazon.

In order to alleviate financial issues, Mattress firm would like to get out of some leases as part of its business restructure plan. The closures of Mattress Firm stores adds to the number of almost a dozen other retail companies that have had to file for bankruptcy so far this year. According to a recent report by a real-estate research firm, mall vacancy rates are at 9.1 percent, the highest in seven years. 

Businesses joining Mattress Firm in filing bankruptcy include National Stores, Nine West, The WAlking Comapany, Gumps, Rockport, Brookstone, Bon-Ton Stores, Claire’s, Kiko USA, and A’gaci. A discount retailer with many shopping center locations, National Stores filed Chapter 11 after a difficult retail environment caused financial problems. After filing Chapter 11, Brookstone plans to close 101 locations in shopping malls. Well-known in the shoe industry, Rockport, whose brand sold in more than 60 countries, also filed Chapter 11 bankruptcy protection. Another footwear company, Nine West, plans on closing all 70 stores and selling some of its brands. Based in malls across the country, Claire’s debt issues resulted in a Chapter 11 bankruptcy filing. The Walking company, for the second time in ten years, filed Chapter 11. Retail stores owned by Bon-Ton include Younkers, Elder-Beerman, and Carson’s. The company was forced into liquidation. Kiko USA plans on restructuring its business through a Chapter 11 bankruptcy by closing most of its stores. A’gaci, a women’s apparel retail store, will close 20 of its 75 stores after filing Chapter 11.

Traffic ticket 28-701.02A3 going 90 in a 55 zone and it was also a construction zone.What are the fines? Any jail time?

Traffic ticket 28-701.02A3 going 90 in a 55 zone and it was also a construction zone.What are the fines? Any jail time?

This is my first speeding ticket since I have started driving. Is there anyway the judge will let me take a driving class to get the points off my license so my insurance dosent go up? More concerned about jail time. What would be the best course of action? To plead guilty or not guilty? I would like to get this over with as soon as possible and not have to worry about more court dates.

A: The quicker way to put this whole incident behind you is to plead guilty to the offense as pleading not guilty will probably lead to additional time and appearances. Since you have no way of hiring an attorney, may I recommend seeking out an attorney who offer a free initial consultation. You will be able to get a better idea of what to expect in court and what your options may be. I would advise seeking local counsel.

Answered by:

The Bornmann Law Group
20325 N. 51st Ave. Ste #134
Glendale, Arizona 85392
Office: (623) 640-4945

, Glendale AZ Bankruptcy Lawyer.
Re-Posted from AVVO Legal Questions and Answers.

4 days after my arrest I was released on a writ of habeaus corpus, what remedy is availible for trial purpose I am now charged

Four days after my arrest I was released on a writ of habeaus corpus, what remedy is available for trial purpose I am now charged?

I was arraigned 11 days after my arrest. Four days After my arrest I requested to be release as there were no formal charges.

A: Winning you case for the pending criminal charges is unrelated to the fact that you may have been improperly detained.

You definitely need to seek a Michigan defense attorney to assist you with your situation who will guide you as to if you should accept any plea offers given to you by the prosecutor and to how strong he feels your case is and if you should proceed to a trial or hope for a favorable plea offering. Remember, you don’t have to accept any plea offered to you by the prosecutor, your freedom is just that, yours. An experienced Michigan defense attorney will be the most helpful asset going forward.

* You and I do not have an attorney-client relationship formed by our communications on this website. Advice given by me on this website is general advice based on partial information. You should not rely on any advice given without first hiring a lawyer in the area where the case is pending, and providing that lawyer with full information.

Answered by:

The Bornmann Law Group
20325 N. 51st Ave. Ste #134
Glendale, Arizona 85392
Office: (623) 640-4945

, Glendale AZ Bankruptcy Lawyer.
Re-Posted from AVVO Legal Questions and Answers.

BOA credit card went to a law firm can I hire debt settling agency?

BOA credit card went to a law firm can I hire debt settling agency?

I cannot afford to pay my credit cards anymore I lost my job can I hire a debt settling agency?

A: The pertinent question is whether the law firm has filed a suit against you. If the law firm has filed a suit against you, then you will want to consult with an attorney as soon as possible. You generally do not need to hire an attorney to file an answer on your behalf, unless you have a legitimate dispute with what the initial complaint stated.

Hiring an attorney would be better than a debt settling agency for many reasons. First, attorneys can advise you on what to do in the face of possible legal action. Second, there are many debt settling companies that take advantage of people by promising great results and accomplish almost nothing. Also, many debt settlement companies have shady business practices, but attorneys have an ethical obligation to look after the best interests of their clients.

If you are facing multiple creditors and do not have a current ability to pay you may want to schedule a free consultation with a bankruptcy attorney in your area to more fully discuss bankruptcy and non-bankruptcy options that are available to you.

* You and I do not have an attorney-client relationship formed by our communications on this website. Advice given by me on this website is general advice based on partial information. You should not rely on any advice given without first hiring a lawyer in the area where the case is pending, and providing that lawyer with full information.

Answered by:

The Bornmann Law Group
20325 N. 51st Ave. Ste #134
Glendale, Arizona 85392
Office: (623) 640-4945

, Glendale Chapter 7 and Chapter 13 Attorney.
Re-Posted from AVVO Legal Questions and Answers.

Can I file bankruptcy, as an individual, and have the bankruptcy not effect my wife’s excellent credit?

Can I file bankruptcy, as an individual, and have the bankruptcy not effect my wife’s excellent credit?

I have no possesions, retirement, etc. I have poor credit and a $12,000 judgement against me that I want to eliminate with a bankruptcy.

A: In a simple answer, “Yes” you can file bankruptcy without your spouse having to file bankruptcy. When one person files for bankruptcy, the other is not automatically pulled into bankruptcy just because they are married. On the other hand, though, filing bankruptcy can sometimes leave the non-filing spouse unprotected as he or she may owe shared debts without the protection of a bankruptcy filing. If your wife’s name is on a shared debt, the debt will still be of her responsibility.

Many people have the mistaken belief that because you are married, your spouse is automatically responsible for your debts. This is just not the case. Since a bankruptcy can be filed by one spouse without the other, there are several aspects of the answer. You should contact an experienced bankruptcy attorney and get advice before proceeding with a bankruptcy filing.

A bankruptcy filing by one spouse does not automatically bring the other spouse into bankruptcy. That being said, the Chapter 7 or Chapter 13 bankruptcy being filed by the one spouse does not give the non filing spouse the full protection of the automatic stay or the bankruptcy discharge. Contact a local bankruptcy attorney as I am sure they will be able to help you out. Many decent bankruptcy attorneys offer free consultations in which you can get your questions answered.

* You and I do not have an attorney-client relationship formed by our communications on this website. Advice given by me on this website is general advice based on partial information. You should not rely on any advice given without first hiring a lawyer in the area where the case is pending, and providing that lawyer with full information.

Answered by:

The Bornmann Law Group
20325 N. 51st Ave. Ste #134
Glendale, Arizona 85392
Office: (623) 640-4945

, Glendale Chapter 7 and Chapter 13 Attorney.
Re-Posted from AVVO Legal Questions and Answers.

I am over my head with unsecured debt, have been keeping up with minimum payments through a since empty savings account.

I am over my head with unsecured debt, have been keeping up with minimum payments through a since empty savings account.

Q: I am unemployed…no income. Also have a secured home equity loan that is current, but I only took a partial loan out…I have probably $80,000.00 in remaining equity that I can’t get to because of debt, and no income. I have no family, and would have no place to live. I have a paid off vehicle, but need that to find employment. Should I maybe just try to pay the secured debt and not the unsecured debt? I would have no place to go if they took my house…and how long before they would take my house? I am ready to park on a railroad track! What can I do?

A: Sorry to hear about your predicament. First thing first and that is to make a plan of attack. Plan on attacking one thing at a time and things won’t seem so overwhelming. Make an appointment with a bankruptcy attorney in your area. Just because you make an appointment with a bankruptcy attorney doesn’t mean that you have to file bankruptcy. There are many debt relief options available to you and an experienced bankruptcy attorney will review those options with you.

Many bankruptcy lawyers offer free initial consultations and can be a great help to you as they will provide you with the answers and possible solutions to your current financial problems. Don’t guess at what you should do, seek the help of a professional and take it one thing at a time. There is a debt relief option for everyone, the key is to pick the path to a “fresh start” that is best for you.

* You and I do not have an attorney-client relationship formed by our communications on this website. Advice given by me on this website is general advice based on partial information. You should not rely on any advice given without first hiring a lawyer in the area where the case is pending, and providing that lawyer with full information.

Answered by:

The Bornmann Law Group
20325 N. 51st Ave. Ste #134
Glendale, Arizona 85392
Office: (623) 640-4945

, Glendale Chapter 7 and Chapter 13 Attorney.
Re-Posted from AVVO Legal Questions and Answers.

A Greater Budget To Prevent Bankruptcy

A Greater Budget To Prevent Bankruptcy

Be Fiscally Conservative By
Spending Less on Your Clothing

There are many different ways to avoid having to file for bankruptcy. You may be told to sell some of your things to pay bills, negotiate with creditors, or to restructure your life. Perhaps something as easy as formulating a better budget is an easy way to avoid having to file for Glendale bankruptcy. One of the ways that you could consider to tighten your budget is to reduce the money that you spend on clothes. Sure, it may be easy to just not buy any new clothes, shoes, or garments. However, some jobs require that you have up to date, fashionable clothing. Other jobs require a uniform or clothes and shoes to perform the job. Sometimes the clothes do make the man (or woman). Sometimes clothing and shoes are a necessity.

Using some creative money strategies may allow you to reduce the amount of money that you have to spend in this aspect of your life. Reducing resources spent on clothes and shoes will allow monies to go towards satisfying the many debts that have been looming over your head. Remember, this budget and reduction has to be done by you as there is no way that those shoes you have had your eyes on at the mall are just going to (all of a sudden) become affordable. Even some of the sales rack items are still going to be more than you are willing to pay.

By looking for your clothes and shopping in different places, you won’t have to sacrifice your love for style even though you are sacrificing some of your clothing budget. Not overspending for clothes is the key to reducing your clothing budget. First of all, you should shop with cash only. Though this may seem old-fashioned, when you limit yourself to shopping with cash for clothing, you will limit the temptation to overspend on a credit card. It’s too easy to swipe that little plastic card in exchange for that new dress or shirt that you have been wanting. When you use only cash for your clothing purchases, if you don’t have the money then you can’t spend it. Cutting back on your credit card use is a bonus. Plus, its never fun to pay for items that you bought months ago.

Many times some of the best deals can be found outside of the mall. On-line shopping can be a great source of bargains. However, when you shop on-line the instant gratification of wearing your purchase is not fulfilled. There are many discount chains that offer you the same quality, name-brand clothing and shoes at a fraction of the cost.

4 best places that you can shop on a budget in Arizona

Marshalls – www.marshallsonline.com
Ross – www.rossstores.com
TJ Maxx – www.tjmaxx.com
Norstrom Rack – shop.nordstrom.com/c/nordstrom-rack

Great stores like those above are stores that you may find brand name clothing that was originally put in the department store but then was removed because of a surplus. The items found in these stores are great-quality clothing and shoes, but are sold at the discount stores for a fraction of the price. Hitting the sales racks at the discount stores way garner you even better deals. However, just because things are a fraction of their regular price, don’t be lured to by items you didn’t need just because they were on sale. Also, be aware of impulse buys! Impulse buys are never a good idea when you are on a budget. Only purchase the items that are essentials for your work or your wardrobe at the moment.

A few other local places that you may try to not only find gently used name brand clothes at a fraction of the cost but you could also sell some of your clothing on consignment. Reducing the amount of clothing that you have by selling some of the things you don’t wear anymore is another thing that will help you make a better budget and give you a better chance at avoiding bankruptcy.

There are many discount and used clothing stores throughout Phoenix metro area and around the valley. The popularity of such stores is growing as the economic downturn endures. Seek out the assistance of a Glendale chapter 13 attorney for additional ideas and ways to better your budget and how you may avoid financial hardships and bankruptcy.

Published By:
The Bornmann Law Group
By
20325 N. 51st Ave. Ste #134
Glendale, Arizona 85392
Office: (623) 640-4945

Republished From:A Better Budget to Avoid Bankruptcy

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Can Social Media Harm Your Bankruptcy?

Can Social Media Harm Your Bankruptcy?

BEWARE: Facebook Posts Can Affect Bankruptcy

Social media sitesMany people in Arizona and throughout the United States have grown to love social media, especially Facebook. Social Media outlets are a great way to stay in touch with family and friends. Despite that, posting your personal information on-line has also opened a window that allows others to peer into your personal life. I doubt many Bankruptcy Trustees or creditors are looking up debtors to see if they are telling the truth about their personal assets. However, it can take less than two minutes to find out a lot about a person and their assets by simply looking on-line. It is always a good idea to keep your profile “private”. This will keep people from finding out too much information about you but is far from safe. More importantly, if you are considering filing bankruptcy, be sure to disclose all of your assets and property to your bankruptcy attorney. If they know about your property then they can almost always protect it, or at least put you in the best situation to keep as much of it as possible.

With the ever growing popularity of social media sites, the practice of law has adapted and changed with the growth. Facebook, Twitter, Google+, LinkedIn and other social media sites have changed the practice of law. Family Law and Divorce attorneys regularly review the opposing party’s Facebook profile for evidence of adultery or hidden assets. In some cases, prosecutors present online photos to juries as evidence of guilty behavior. It is a common practice of bill collectors to troll social media sites looking for assets and locating debtors. If you aren’t careful, these same tactics can affect the progress of your bankruptcy filing as well. Seek the assistance of your Arizona bankruptcy lawyer when going through the bankruptcy process in Arizona. A Glendale AZ bankruptcy lawyer will warn you on what posts and pictures might adversely affect your bankruptcy.

Ways Social Media Could Affect Your Bankruptcy

1. Posting Pictures of Luxury Spending: Trips, Vacations, High Ticket Items
2. Boasting about Side Jobs or Getting a New Job
3. Showing Off Personal Property that is Not Listed

Many of the ever-growing followers of social media do not guard what they post online for the world to see. Rarely do individuals at the start of a bankruptcy, (or later in the midst of one), consider that the photos and postings of their new toys (cars, TV’s) their vacation or weekend getaways, or other purchases are at risk for being brought into evidence in the bankruptcy court by a bankruptcy trustee. Recent vacations and purchases may raise concern with the bankruptcy trustee as to how debtors are spending their financial resources. Remember, creditors, bill collectors, and the bankruptcy court appointed trustee of your bankruptcy estate may be trolling social media sites looking for evidence that your situation has changed, or that you were not entirely forthcoming in the listing of your income, assets, and job positions on your bankruptcy petition and paperwork.

Don’t be so naive to think that that limiting access to your profile to “friends only” will help. Facebook and other social media information can easily be subpoenaed – do not assume any right to privacy for your online materials. Is it really necessary to tell everyone about what is going on in your world? Do you really need to show off and seek out the approval of others? If so, be prepared to have your not-so-private personal information used against you.

Related Post:

Published By:

The Bornmann Law Group

20325 N. 51st Ave. Ste #134
Glendale, Arizona 85392
Office: (623) 640-4945
Re-Published from: Can Social Media Ruin Your Bankruptcy

Why You Should Hire A Glendale Arizona Bankruptcy Lawyer: Part 2 of 3: Correctly Registering

Why You Should Hire A Glendale Arizona Bankruptcy Lawyer: Part 2 of 3: Correctly Registering

An additional aspect of the bankruptcy filing process that you may not be informed about is the bankruptcy court filings and requirements. We have heard quite a few horror stories concerning people who have registered bankruptcy on their own and have resulted in a much bigger wreck as the filings are incorrect. The most sensible thing you could do is to consult a Glendale bankruptcy lawyer to assist you throughout the bankruptcy process. Many individuals which have tried to submit their own bankruptcy typically end up using a bankruptcy law firm to get their bankruptcy registered both timely and properly.

One of the first items that your bankruptcy legal professional will determine is if you’re presently eligible for bankruptcy. There are new requirements when declaring bankruptcy like the necessity to have consumer credit counseling by an authorized consumer credit counseling class within the past eighteen months.

Lots of people get the forms and mean to get it done, and the paperwork just sits on the desk gathering dust. All it will take is having that one question which you have no clue how you can reply, and your attempt for declaring bankruptcy yourself fades away. Don’t take risks with your finance future. Speak to a Glendale AZ bankruptcy attorney who’ll schedule a time to talk about your case with you.

Why You Should Hire A Glendale Arizona Bankruptcy Lawyer: Part 1 of 3 – The Means Test

Why You Should Hire A Glendale Arizona Bankruptcy Lawyer: Part 1 of 3 – The Means Test

There are many folks in the Glendale area that are at a point where they may want to soon consider filing bankruptcy as a solution to their current unenviable financial predicament. A number of of these individuals are wondering why it is important they retain a bankruptcy lawyer when declaring bankruptcy under Chapter 7 or Chapter 13 bankruptcy in Glendale.

Hiring a professional Glendale bankruptcy lawyer is not required by law, nonetheless, there are compelling factors why you need to have legal support when processing Chapter 7 or Chapter 13 bankruptcy in Glendale, Arizona.

Recent adjustments to federal bankruptcy rules made declaring Chapter 13 or Chapter 7 more complex. For instance, now you are required to have a “means test” when declaring bankruptcy. The Means Test has the intent to figure out if you’re entitled to a Chapter 7 bankruptcy filing. Declaring a Chapter 7 bankruptcy discharges the debt you owe.

The new bankruptcy means test can be hard and puzzling, and if you fill it in inadequately, it can be determined that you do not qualify for filing a Chapter 7 bankruptcy. This part of a bankruptcy filing is indeed critical that it could be damaging. If you wish to do it yourself and complete the Means Test incorrect, you could possibly jeopardize your chance to get released from your debts through a Chapter 7 personal bankruptcy.

Speak with your Glendale AZ bankruptcy law firm as it can be a comfort to get the help of an experienced bankruptcy lawyer if you are considering declaring bankruptcy and have to complete the required Means Test.

Bankruptcy and my Tax Refund

Bankruptcy and my Tax Refund

Q: My estranged wife of 6 years filed for bankruptcy in June of 2011 I did not find out she had filed the chapter 7 until Sept. of 2011 when I was contacted by the trustee attorney who had requested lots of stuff I didn’t have we discussed my personal situation and that was the end of it. I always file an extention on my taxes so my 2010 taxes were filed in Oct of 2011 we file jointly she sends her w-2 I filed got the refund in nov paid my bills with it as always. in Dec of 2011 I was contacted by the attorney who demanded I turn over the 2010 tax refund I told him I had spent it on my debts. I told him he should have notified me of that in Sept. he agreed. I am now being sued by the trustee for the 2010 tax refund I knew nothing about the bankruptcy and was not told I had to turn over the refund.

A: If a portion of the refund was based upon her refund then when you spent all of the refund you used a portion of her non-exempt assets to pay off your debts. Unfortunately, unless you received a substantial tax refund, the money that you would pay an attorney to represent you in this matter would probably be a substantial proportion of the money that the trustee is asking from you from the tax refund. Having said that, you should consult with an attorney to review your options.

* You and I do not have an attorney-client relationship formed by our communications on this website. Advice given by me on this website is general advice based on partial information. You should not rely on any advice given without first hiring a lawyer in the area where the case is pending, and providing that lawyer with full information.

Answered by Parker Evan Bornmann, Glendale AZ Bankruptcy Lawyer.
Re-Posted from AVVO Legal Questions and Answers.

I charged airline tickets on my credit card, however I had to default the following month due to overwhelming credit card debt

I charged airline tickets on my credit card, however I had to default the following month due to overwhelming credit card debt

I am using the airline tickets for a possible job interview in another country. Can the card company reverse my charge on the airline ticket ? I purchased the ticket in April and did not pay the May payment on the credit card

What can the credit card company do ?

We have been using our savings to pay credit card debts for 3 years and we can’t afford to do that anymore.

I am over 65 and lost my job 3 years ago and desperately trying to get cash flow just to live. My wife is permanently disabled. I’ve tried to get a job and know my age is a problem.

We also charged our Real Estate taxes last month on the same card, we just don’t have the money. We have had this credit card since 1991 and never missed a payment or been late . We don’t want to go Bankrupt.

A: They do not reverse charges for defaulting on a credit card. Bankruptcy should never be a desirable or an ideal option. However, there is a difference between wants and needs. You may not want to file for bankruptcy but you may need to file for bankruptcy. If you have mounting debt and an inability to pay that debt for the foreseeable future, bankruptcy may be your only prudent option. You should consult a Debt Counselor or an experienced bankruptcy attorney to help you review your options. A good Glendale bankruptcy attorney should lay out bankruptcy AND non-bankruptcy options for you and recommend which option is right for your particular case.

* You and I do not have an attorney-client relationship formed by our communications on this website. Advice given by me on this website is general advice based on partial information. You should not rely on any advice given without first hiring a lawyer in the area where the case is pending, and providing that lawyer with full information.

Answered by Parker Evan Bornmann, Glendale AZ Bankruptcy Lawyer.
Re-Posted from AVVO Legal Questions and Answers.

How can I stop a judgement?

Q: How can I stop a judgement?

A credit card company said I signed up for there service in 2005. I filed court paper work saying that I did not sign up for this card or signed documents for a card agreement. So now in 2012 they got a judgement on my wife for all of 7 years of interest and late fees. How can I stop them from garnishing her check.

A: It will be very hard for you to set aside or vacate the judgment, but it is possible and will take a lot of research on your point, assuming that you are still within the time frame to file the motions and that your facts fit the proper criteria to set aside.

Bankruptcy may be a legitimate option for you depending on your current finances, the amount of assets that you have and the amount of debt that you have incurred, including the debt from the judgment. You should consult an attorney to discuss your options regarding the judgment and whether it would be prudent to file for bankruptcy to alleviate the debt.

* You and I do not have an attorney-client relationship formed by our communications on this website. Advice given by me on this website is general advice based on partial information. You should not rely on any advice given without first hiring a lawyer in the area where the case is pending, and providing that lawyer with full information.

Answered by Parker Evan Bornmann, Glendale AZ Bankruptcy Lawyer.
Re-Posted from AVVO Legal Questions and Answers.

I have just incured medical bills of over 100 K. I work for minimum wage and have no assets. What should I do?

Q: I have just incured medical bills of over 100 K. I work for minimum wage and have no assets. What should I do?

I have a genetic lung disease that could act up at anytime and I can’t afford insurance. I am afraid that if I file for bankruptcy now I could be in real trouble should I have a relapse in the near future.

A: If there is a chance that you might relapse, it would probably be best to wait a little. Once you file for bankruptcy, any debt that you incur subsequent to the bankruptcy will not be dishcargeable. If the debt in your bankruptcy is discharged, you will not be able to file another Chapter 7 to discharge the new debt for another 8 years. As long as the creditors haven’t sued you they will not be able to take money from you. However, if you wait too long and a creditor sues you or is threatening a suit, you will want to consult with an experienced Glendale bankruptcy attorney to more fully discuss your options.

* You and I do not have an attorney-client relationship formed by our communications on this website. Advice given by me on this website is general advice based on partial information. You should not rely on any advice given without first hiring a lawyer in the area where the case is pending, and providing that lawyer with full information.

Answered by Parker Evan Bornmann, Glendale AZ Bankruptcy Attorney.
Re-Posted from AVVO Legal Questions and Answers.

Can a promisary note still hold up in court?

Q: Can a promisary note still hold up in court?

I’m in the middle of a nasty divorce, my soon to be ex is now filing bankruptcy. He still owes my parents 30,000 on a promisary note. My dad had in case of divorce, foreclosure and bankruptcy that they were to be paid. What happens now?

A: The clause in the promissory note stating that an unsecured debt is not subject to bankruptcy laws is unenforceable. Unfortunately, if your soon to be ex-husband files for Chapter 7 bankruptcy and he has no non-exempt assets for the court to distribute, the debt that he owes your parents will most likely be discharged in bankruptcy. Often times in cases involving debts to family members, the party filing for bankruptcy does not tell their attorney of the debt and this type of debt generally doe snot show up on credit reports. Your parents may want to consult with an attorney so that their interests are represented in the event that he has non-exempt assets to distribute.

* You and I do not have an attorney-client relationship formed by our communications on this website. Advice given by me on this website is general advice based on partial information. You should not rely on any advice given without first hiring a lawyer in the area where the case is pending, and providing that lawyer with full information.

Answered by Parker Evan Bornmann, Glendale AZ Bankruptcy Attorney.
Re-Posted from AVVO Legal Questions and Answers.

Renting a Property After Processing Chapter 7 Personal Bankruptcy in Arizona

Renting a Property After Processing Chapter 7 Personal Bankruptcy in Arizona

We recently had a customer come into our Glendale bankruptcy office to submit a Chapter 7 bankruptcy. Our client currently lives in a leased condominium but wants to move into a more cost-effective place to live.

Our customer’s lease on his condominium extends through the end of the year and he needs to declare bankruptcy before then. The concern that the customer has is that he might not be able to receive a new lease on a place just after filing for bankruptcy.

Would the Chapter 7 individual bankruptcy that he’s submitting make finding a new lease extremely hard?

A good point to always consider is that the months right after a personal bankruptcy filing is a time when an individuals credit standing is the most affected. Credit scores are often at their lowest right after a Chapter 7 or Chapter 13 personal bankruptcy recording. Our Glendale AZ chapter 7 lawyer informed our client that it’s very possible that he would have a difficult time getting a landlord who will rent him an apartment soon after proclaiming bankruptcy.

A better selection for our client, rather than declaring bankruptcy and then seeking to secure a new place to stay, would be for our client to sign a new lease on a different property prior to filing bankruptcy and then reject his current rental in the Chapter 7 personal bankruptcy filing.

Our bankruptcy client took the recommendations of our Glendale bankruptcy law firm and he has already signed a new rental on a more cost-effective apartment to live. Our client will be rejecting his present lease contract in his Chapter 7 personal bankruptcy filing. Chapter 7 bankruptcy processing will in addition wipe away all future rent owed and penalties accrued for not fulfilling the lease’s terms.

Secure Your Monetary Interests – Retain a Qualified Bankruptcy Legal Professional

Secure Your Monetary Interests – Retain a Qualified Bankruptcy Legal Professional

An expert Glendale bankruptcy law firm will go quite a distance when you are considering bankruptcy options in Glendale, Arizona. Not only will the expertise of a devoted bankruptcy lawyer help you evaluate if chapter 7 or chapter 13 bankruptcy is the right debt help choice for your financial predicament. The experience of a Glendale bankruptcy lawyer is also significant when it comes to doing your bankruptcy petition, addressing your collection companies, and representing you in the Arizona bankruptcy courtroom. Make sure you do it perfect the first time, choose a skilled bankruptcy law firm to assure that your Glendale bankruptcy filing is done in a on time and professional manner.

Whatever the stage in the individual bankruptcy operation and even if you have not yet filed, you may really benefit from involving a professional Glendale bankruptcy attorney. The expertise of a bankruptcy legal professional can assist you throughout the decision-making procedure as you evaluate if filing is the right step for you because there are a number of options to bankruptcy out there. Experience counts and don’t you think its a better idea to get the expertise in your favor working for you?

Arizona Bankruptcy legal requirements is a very complicated legal area with laws that often change. A lot of Glendale lawyers merely dabble in bankruptcy law without staying at the cutting edge of bankruptcy exemptions or alterations to the legislations. Make sure that you hire a knowledgeable bankruptcy law firm to submit your chapter 7 or chapter 13 bankruptcy in Glendale, Arizona.

An expert bankruptcy attorney from the Bornmann Law Group, PLLC will even benefit you as their qualified lawyers and office staff will navigate the large levels of forms, petitions, and other documents that need to be completed and submitted within strict due dates. By finding a knowledgeable bankruptcy law office, it may help to be sure your essential bankruptcy forms and deadlines are not missed. A Glendale AZ bankruptcy lawyer is going to be there with you every step of the way and help you in receiving a “fresh start” through consumer bankruptcy in Glendale.

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Bankruptcy Lawyers in Glendale, AZ

Few people anticipate that they may one day find themselves in such an overwhelming amount of debt that creditors and the threat of foreclosure become a daily occurrence. However, in today’s economy this has become more of a regularity than a rarity for many financially strapped individuals. The downturn in the economy has shed light on the fact that bankruptcy is not the negative alternative to depressing amounts of debt that it was once believed to be. In fact, bankruptcy offers financially floundering individuals with a way to systematically end their financial woes.

Glendale Bankruptcy Lawyers, AZ

Call (623) 640-4945 for a FREE Consultation

Contrary to the social stigma that was once placed on the idea of filing for bankruptcy, the act is now viewed as a viable solution for ending a person’s debt. With the help of a legal professional in the area of bankruptcy law,  like the dedicated Glendale bankruptcy attorneys at the Bornmann Law Group, PLLC, individuals are able to pick themselves back up from their deep debt and find their way to the relief that life after bankruptcy has to offer.

While bankruptcy is not for everyone, many individuals and families in Glendale, Arizona find that filing for bankruptcy in Glendale solves the problems that they have been unable to resolve. Our Glendale bankruptcy law firm will sit down with you to discuss your personal financial situation in a free initial consultation.  Our Glendale bankruptcy attorneys will answer any questions that you might have regarding bankruptcy and advise you as to your options.

Glendale, Arizona Bankruptcy Attorneys

Glendale, Arizona bankruptcy attorneys can assist you with debt relief in Glendale, Arizona.  Most people file bankruptcy due to one or a combination of things like:  loss of employment, divorce, unexpected medical expenses, the failure of a business, an accident leading to serious injuries, increased interest rates, or a foreclosure. Most of the time, the need to file bankruptcy does not arise from irresponsibility but simply from the unexpected, which is unfortunately a part of life. There is nothing wrong with experiencing relief through filing for chapter 7 or chapter 13 bankruptcy.  The bankruptcy laws were created to help hardworking people in Glendale, AZ,  just like you get out of debt. If you are facing the consequences of unexpected financial crisis, please contact our low cost Glendale bankruptcy attorneys at the Bornmann Law Group, PLLC.  Our lawyers will assist you and work diligently to get you a “fresh start”.

Bankruptcy Lawyers in Glendale

The Benefits of Bankruptcy

This site also contains a great deal of helpful bankruptcy information about topics related to our debt relief services.  Some of the debt relief services offered by our Glendale bankruptcy law firm include:  Chapter 7 bankruptcy, Chapter 13 bankruptcy, Wage Garnishments, Repossessions, the bankruptcy means test, common bankruptcy myths, how to face life after bankruptcy, what the automatic stay does, how to address creditor harassment, foreclosure defense, and a complete bankruptcy time-line.  If you don’t find the answer to your bankruptcy questions here, please do not hesitate to contact our Glendale bankruptcy lawyers for additional debt relief help and answers.

Do you need legal help with a bankruptcy? Contact Glendale Bankruptcy Lawyers at the Bornmann Law Group, PLLC for a free initial consultation today!

 

Fine Glendale Bankruptcy Law Office

Our Glendale bankruptcy attorneys are here that will help you learn about the procedure of declaring bankruptcy in Glendale, Arizona. In today’s economic turmoil in Glendale, Tucson, Mesa, and Phoenix, Arizona, many hardworking, truthful people, firms, and families are being overwhelmed by financial worries, garnishments, repossession, and real estate foreclosure troubles. Lots of people are losing their cars, their houses, and their life savings. These hardworking people need sound legal counsel, prompt debt settlement, and the chance at a “Fresh Start”. Our Glendale Arizona Bankruptcy Attorneys can provide the assistance which they need.

Our professional Glendale Arizona bankruptcy lawyers present our customers, both big and small, with the finest quality debt relief representation and bankruptcy help. Our bankruptcy legal professionals offers the support service often only affiliated with larger bankruptcy businesses, nevertheless with the personal service, consideration and responsiveness of a smaller firm. One more quality you should try to find when searching for the top bankruptcy attorney.

There will also be several quality choices while looking for the perfect bankruptcy law practice in Glendale. Find a bankruptcy practitioner who you feel safe with and who has plenty of time to provide you the one on one consideration and counsel that you deserve. Because of the current state of Glendale’s economic climate, lots of Glendale’s 442,445 individuals and Glendale’s 146,643 households have found it tough for making ends meet and may use some form of debt relief.

There are a number selections when choosing who may be the perfect bankruptcy lawyer for you in Glendale, Arizona. There are also a lot of reasons you will have for seeking out the help of a Glendale AZ bankruptcy law firm. If you are looking for the top bankruptcy attorney, please call our bankruptcy attorneys and see how we can assist you through your present financial situation. We provide Cost-free personal bankruptcy consultations daily along with evening and weekend visits. Our prices are some of the most cost-effective in all of Arizona, additionally, we have payment plans for every spending plan. Call our Glendale bankruptcy attorneys today. We look forward for the chance to help you.