When assessing medical debt, debtors in Pennsylvania may be unsure what to do. To get relief from your financial difficulties, consider filing for bankruptcy to address your medical debt in Pennsylvania. You can file for bankruptcy to address medical debt in Pennsylvania when you feel it’s the right decision for yourself and your family. Filing for bankruptcy can help debtors facing various financial challenges, including those with significant debt or low incomes. Depending on your needs, filing for Chapter 7 or Chapter 13 bankruptcy may be best to eliminate medical debt in Pennsylvania. If you are struggling and need immediate relief from an automatic stay, call our attorneys to file for bankruptcy and address your medical debt right away. We are dedicated to helping debtors in Pennsylvania regain their financial stability and eliminate medical debt by filing for bankruptcy. For a free case evaluation with the Pennsylvania bankruptcy lawyers at Young, Marr, Mallis & Associates, call today at (215) 701-6519. When Can You File for Medical Bankruptcy to Eliminate Debt in Pennsylvania? When people hear the word bankruptcy, they may not think it could ever apply to them. In reality, bankruptcy can be a useful tool to address various stressful financial situations due to medical debt. If you are currently struggling with medical debt and are unsure what to do, speak with our Pennsylvania bankruptcy lawyers to learn if you can file for bankruptcy. Your Debt is Too High You can most likely file for bankruptcy in Pennsylvania if your medical debt is simply too high. After an accident or an unexpected medical diagnosis, you might need expensive medical treatment that disrupts your finances. Climbing out of that hole can feel impossible when considering all your other expenses, even if you have a steady income. If your medical debt just feels too high, you can eliminate it by filing for bankruptcy in Pennsylvania. Your Income is Too Low Sometimes, debtors think their medical debt is surmountable if only their income increased. Unfortunately, try as you might, you may be unable to raise your income quickly enough to tackle your medical debt. In that circumstance, filing for bankruptcy can help eliminate certain financial stressors so that you can become debt-free. Your Finances Are Unorganized For some people, financial disorganization might result in medical bills being pushed to the side for too long. If this leads to overwhelming medical debt, consider filing for bankruptcy. Remember, bankruptcy is a tool used by many to alleviate financial difficulties. Filing for bankruptcy to address medical debt can help you reorganize your finances so that you embark on the path to financial stability in Pennsylvania. Which Type of Bankruptcy is Best for Eliminating Medical Debt in Pennsylvania? When seeking to eliminate medical debt via bankruptcy, there is a big decision you have to make: which type of bankruptcy will you file for? Our Philadelphia bankruptcy lawyers can help you make the right choice so that you can target your medical debt and erase it. Chapter 7 Chapter 7 bankruptcy, or liquidation bankruptcy, works by liquidating certain assets to pay off medical creditors. For example, your home or your vehicle may be liquidated so that you have sufficient funds to pay medical debts. Not everyone qualifies for Chapter 7 bankruptcy, so contact our Bucks County bankruptcy lawyers to learn if you do. Eligibility for Chapter 7 bankruptcy is based on a debtor’s income. Basically, if you do not earn enough to pay off your medical debt through a repayment plan, you can opt to liquidate certain assets to eliminate medical debt in Pennsylvania. When you file for Chapter 7 bankruptcy, you can address your medical debt in its entirety within a matter of months. Chapter 13 Depending on your situation, filing for Chapter 13 bankruptcy may be preferable. When you file, our attorneys will devise a repayment plan based on your income and other expenses. Depending on the size of medical debt you currently have, a repayment plan might take several years to complete in Pennsylvania. With Chapter 13 bankruptcy, debtors don’t have to worry about liquidating their assets, which makes it appealing, especially to those with families that depend on them and their assets. Generally, you can exit Chapter 13 bankruptcy debt-free within several years or as long as your repayment plan takes to complete. Eligibility for Chapter 13 bankruptcy in Pennsylvania is based on income, so you have to earn a sufficient amount to meet your scheduled payments. When Should I Ask a Pennsylvania Attorney About Filing for Medical Bankruptcy? You should call our attorneys if you are struggling with medical debt in Pennsylvania. Our lawyers can thoroughly explain what filing for bankruptcy might entail so that you feel prepared and confident when regaining your financial stability. When considering filing for bankruptcy in Pennsylvania, debtors might feel discouraged. That doesn’t need to be the case, however. Our lawyers can explain the benefits of filing for bankruptcy and how doing so can eliminate your medical debt. If you are unsure about your next steps regarding medical debt, contact our attorneys for a consultation. An automatic stay is one of the initial perks of filing for bankruptcy to address medical debt in Pennsylvania. An automatic stay will go into effect as soon as you file, preventing medical creditors from harassing you to meet payments. If you need immediate relief, call our attorneys and learn more about filing for bankruptcy in Pennsylvania. Doing so will allow you the time to take a deep breath, reorganize your finances, and move forward with a plan to address medical debt. Call Our Pennsylvania Lawyers About Your Medical Debt Today If you need to eliminate medical debt via bankruptcy, our attorneys can help. For a free case evaluation with the Bethlehem bankruptcy lawyers at Young, Marr, Mallis & Associates, call today at (215) 701-6519.

 Yahoo is reporting that many FTX creditors are selling their Proof of Claims. The story can be found at https://finance.yahoo.com/news/ftx-customers-reportedly-taking-huge-201238856.htmlAt Shenwick & Associates, we helping many clients file Proofs of Claim. Jim Shenwick, Esq   [email protected]  212 541 6224

If you have a reverse mortgage and are struggling with debt, you may have considered filing for bankruptcy in Pennsylvania. But are you able to do that while also having a reverse mortgage? In many situations, filing for bankruptcy with a reverse mortgage in Pennsylvania is possible. Still, it can also be risky when you do not have our experienced attorneys by your side. While you are under bankruptcy, reverse mortgage payments will likely stop, so it is important that debtors have sufficient savings to get them through. Depending on the amount of your reverse mortgage payments, you may be eligible to file for Chapter 7 or Chapter 13 bankruptcy in Pennsylvania. If Chapter 7 is your only option, it is important to ensure that your home will be protected from liquidation. Our attorneys are here to help debtors with reverse mortgages successfully file for bankruptcy with little risk. For a free case evaluation with the Pennsylvania bankruptcy lawyers at Young, Marr, Mallis & Associates, call today at (215) 701-6519. Can I File for Bankruptcy in Pennsylvania if I Have a Reverse Mortgage? A reverse mortgage is a financial agreement between a borrower and a lender. Generally, seniors who own their homes are often the ones that opt for a reverse mortgage, which allows them to sell equity in their homes to a lender to receive payments. If you currently have a reverse mortgage on your home and are having difficulty handling other expenses, you may have considered filing for bankruptcy. But can you do that in Pennsylvania? In many cases, people with reverse mortgages can file for bankruptcy in Pennsylvania if they meet the eligibility requirements and need debt relief. However, there may be caveats depending on the type of reverse mortgage you have and the amount of your payments, so reach out to our Pennsylvania bankruptcy lawyers to learn what bankruptcy might look like for you. Reverse mortgages are complicated financial agreements that can be difficult to understand. Filing for bankruptcy with a reverse mortgage can be risky, especially if you enter bankruptcy without help. With our experienced attorneys by your side, you can successfully file for bankruptcy and exit it debt-free without unnecessarily impacting your reverse mortgage in Pennsylvania. Will My Reverse Mortgage Payments Stop When I File for Bankruptcy in Pennsylvania? If you file for bankruptcy with a reverse mortgage in Pennsylvania, it is important to save up. Depending on the type of bankruptcy you choose to file for, the process may be longer. Reverse mortgage payments generally stop during bankruptcy. So, if those payments are your main source of income, it is crucial to prepare. Once you file for bankruptcy in Pennsylvania, your reverse mortgage payments will likely cease for the duration of a bankruptcy. They’ll pick back up again when you exit bankruptcy, but that doesn’t help you for the period of time you are under bankruptcy in Pennsylvania. Because of this, it is important for debtors to have sufficient income from other sources or savings, especially if they choose to file for liquidation bankruptcy. The same goes for debtors who file for Chapter 13 bankruptcy with a reverse mortgage in Pennsylvania. Chapter 13 bankruptcy allows debtors to pay back creditors via a repayment plan. Generally, these repayment plans last for several years. If you are not receiving reverse mortgage payments for that period, and those payments are your main income source, you may have difficulty meeting scheduled payments and handling other expenses. Our Philadelphia bankruptcy lawyers can help you prepare for the temporary cessation of reverse mortgage payments so you can more easily handle your debt. Can the Amount of My Reverse Mortgage Payments Impact My Eligibility to File a for Bankruptcy in Pennsylvania? For Chapter 7 and Chapter 13 bankruptcy, debtors must pass a means test of sorts. Depending on the amount of your reverse mortgage payments, you may only be able to file for one type of bankruptcy in Pennsylvania, limiting your options. The type of bankruptcy you can file for depends on your income. Generally, those with insufficient income to pay back creditors are eligible to file for Chapter 7 bankruptcy in Pennsylvania, which involves liquidating certain assets. Eligibility for Chapter 13 bankruptcy is also based on income. You can opt for a repayment plan if you have a high income to support it. This process takes longer but doesn’t require liquidating some of your assets. Because most people with a reverse mortgage are retired and do not have many streams of income, they may only qualify for Chapter 7 bankruptcy. However, if your reverse mortgage payments are substantial, causing you to pass the means test for Chapter 13 bankruptcy, a repayment plan may be your only option. Might I Lose My Home if I File for Bankruptcy in Pennsylvania with a Reverse Mortgage? When you get a reverse mortgage, you relinquish equity in your home in exchange for regular payments. Because Chapter 7 is a liquidation bankruptcy, you might be concerned that you may lose your home if you file for bankruptcy with a reverse mortgage in Pennsylvania. Filing for bankruptcy with a reverse mortgage can be complicated. Depending on the amount of equity in your home you sold and how much you still retain, your home may be exempt from Chapter 7 liquidation. Unfortunately, some reverse mortgages might have a caveat that enables a lender to take a debtor’s home when they file for bankruptcy in Pennsylvania. Because reverse mortgage agreements may be complex, debtors might not know whether or not their home is at risk when they file for bankruptcy until it is too late. Our Bucks County bankruptcy lawyers can review your reverse mortgage agreement to evaluate the risk of filing for bankruptcy so that you do not jeopardize your home. Ask Our Lawyers About Filing for Bankruptcy with a Reverse Mortgage in Pennsylvania If you need to file for bankruptcy and have a reverse mortgage in Pennsylvania, our attorneys can help. For a free case evaluation with the West Chester bankruptcy lawyers at Young, Marr, Mallis & Associates, call today at (215) 701-6519.

If you receive Social Security disability benefits in 2023, you should learn the new income limits. Disability benefit recipients are only permitted to earn a certain amount in additional income each month, on top of their checks from the Social Security Administration (SSA). The earning limits for Social Security Disability Insurance (SSDI) benefit recipients have increased for 2023. The current limit is $2,460 per month for blind individuals and $1,470 for non-blind individuals. Recipients must also be aware of the monthly income amounts that might trigger a trial work period (TWP). In 2023, that amount is $1,050. Consistently earning over the allowed amounts can result in a loss of SSDI benefits for recipients. To ensure this doesn’t happen, contact our lawyers to learn more about managing your finances while receiving SSDI benefits and what to do if your benefits are threatened. We’re here to help those with qualifying conditions take advantage of the disability benefits available to them. For a free case evaluation with the Pennsylvania disability attorneys at Young, Marr, Mallis & Associates, call today at (215) 515-2954 or (609) 557-3081. What Are the Earning Limits for Social Security Disability Recipients in 2023? As a recipient of Social Security Disability Insurance benefits, any additional income you earn will be monitored and limited. Recipients can only earn a certain in additional income each month, depending on their qualifying condition. Disability recipients must adhere to the Social Security Administration’s substantial gainful activity (SGA) limit for additional earned income. In 2023, the SGA limit for blind recipients is $2,460 per month, while the SGA limit for non-blind recipients is $1,470 per month. This limit is in addition to the monthly SSDI check you receive. The SGA limit is not the only way the SSA tracks benefit recipients’ income. While you may be able to earn up to the SGA limit in additional income each month, do so too often, and you may enter a trial work period. In 2023, the trigger for a trial work period is earning over $1,050 in additional income in a month. This can be confusing for SSDI recipients, who might be unsure which income limit to follow. Our Philadelphia disability attorneys can assess your monthly income as an SSDI recipient to ensure you follow the appropriate limits and do not jeopardize your access to benefits. Why Can I Only Earn So Much While on Social Security Disability in 2023? You might wonder why SSDI recipients can only earn a certain amount in additional income each month, lest they risk their access to benefits. That is because a key element of one’s eligibility for disability benefits is that their injury, illness, or disability is severe enough to prevent them from financially supporting themselves. Social Security Disability Insurance benefits are for those who have worked for a considerable time but are no longer able to because of a qualifying injury, disability, or illness. Essentially, when you cannot earn a sufficient income because of a medical condition, SSDI benefits can help support you and your family. Suppose recipients earn over the SGA limit or the limit to trigger a TWP. In that case, such activity indicates to the Social Security Administration that recipients may actually be able to work and that their condition no longer prevents them from earning a sufficient income. Generally, SSDI recipients can only work a part-time job if they wish to earn additional income, remain under the SGA limit, and not trigger a trial work period. The SGA limit for disability recipients changes each year. The Social Security Administration raises the limit annually, as it did for 2023, to account for inflation and other factors. If you need help adjusting to the recent increase in the SGA limit, reach out to our Bucks County disability attorneys. Staying up to date on the current additional income limits for SSDI benefit recipients is important so that you can keep your finances in order and maintain access to benefits. What if I Earn Too Much in 2023 While on Social Security Disability? If you earn too much while on Social Security Disability Insurance benefits consistently or even in one month, your access to benefits may be threatened. Earning over a certain amount in a month can trigger a trial work period, which might result in a loss of benefits if left unchecked. Earning over the SGA limit might also result in a loss of benefits for the months you had too much additional income in 2023. Trial Work Periods Trial work periods are automatically triggered when SSDI recipients earn over $1,050 in a month in 2023. Trial work periods last for nine months, after which the SSA might consider your condition removed. These nine months do not necessarily have to be consecutive but must exist within a rolling 60-month period. So, if you earn over $1,050 over nine months, the SSA might revoke your SSDI benefits following a 36-month extended period of eligibility, also known as the SSA’s grace period. This can be frustrating for recipients, as TWP months do not have to be consecutive and are automatically triggered, often without recipients’ knowledge. Our Quakertown disability attorneys can identify trial work periods and prevent you from losing access to your benefits during a grace period. Loss of Benefits You may lose access to your benefits if you earn over the SGA limit for SSDI recipients in 2023. Earning over $2,460 in a month as a blind recipient or $1,470 as a non-bling recipient will most likely mean that you do not receive your SSDI benefit check for that month. Consistently earning over the SGA limit might result in a loss of benefits entirely. It is important to be aware of the current SGA limit for disability recipients, as the SSA takes earning over the allowed amount very seriously. Doing so might indicate that you can work and earn a sufficient income, which might cause your monthly SSDI benefit checks to cease. Call Our Attorneys About Your Social Security Disability Claim Today If you are an SSDI recipient and want to learn more about income limits for 2023, reach out to our lawyers. For a free case evaluation with the disability attorneys at Young, Marr, Mallis & Associates, call today at (215) 515-2954 or (609) 557-3081.

What is Bankruptcy? Bankruptcy is a legal process that allows an individual or business that is unable to pay its debts to either restructure or eliminate those debts. The bankruptcy process is governed by federal law, and is administered by the courts through a bankruptcy trustee. Types of Bankruptcy There are several different types of […]

Bankruptcy Exemptions Bankruptcy exemptions are legal provisions that allow a person to keep certain assets when they file for bankruptcy. These exemptions vary from state to state and can also be affected by federal law. In the United States, bankruptcy is a legal process that allows individuals or businesses to eliminate or repay their debts. […]

 At the ABI Winter Leadership Conference, I attended a diversity and inclusion workshop put on by Elton Ndoma-Ogar of Alix Partners and Peter S. Salib of Perkins Coie, LLP. I wasn't sure that writing about an interactive workshop would be useful, but a friend encouraged me to try. At the end of the article, I have included a link to their materials, which you can access if you are an ABI member. If you are not an ABI member, contact me and I can send them to you.First ExerciseIn the first exercise, participants were shown three photographs and asked to write two adjectives about each. I failed the exercise because I could only think of nouns. Photo #1 was a protest against police brutality.Photo #2 was a collage of two men appearing romantically and then a photo of one of them as a football player.Photo #3 was a protest for abortion right. The crowd of about thirty participants generated about 150 responses. One of the responses to the police brutality protest was Black Lives Matter (which shows that someone else had trouble knowing what an adjective was). However, there was nothing in the photo that expressly mentioned BLM. While the facilitators did not draw an express message from the exercise what I came away with was that a group of people looking at the same photos can come away with a wide variety of impressions.Culture and Related TermsNext we looked at the term culture and three culture related terms. We discussed what culture meant but the materials did not contain a defined term. From discussion, I think the closest definition of culture that I was able to find online was "the customs, arts, social institutions, and achievements of a particular nation, people, or other social group." From that definition, the presenters gave the following definitions:Cultural Awareness - Acknowledgment of cultural differences  Cultural Competence - Refers to one’s ability to understand, appreciate, and interact with people from different cultural backgrounds  Cultural Intelligence - Ability to interact effectively with people of different cultures The presenters also discussed four skills for navigating cultural differences.Cultural Due Diligence (assessing and preparing for the possible impact of culture and cultural difference)Cultural Dialogue (exploring cultural differences and negotiating mutual adaptations)Style-Shifting (using a different behavioral approach to accomplish one's goals)Cultural Mentoring (helping others with cultural adaptation and integration)Exercise #2Case study / scenario  • Luisa Perez is a new counsel who works in the New York office. • Luisa is 36-year-old native Puerto Rican but was raised in New York most of her life. Luisa has been added to a complicated bankruptcy matter led by a partner and a few junior associates in the Pacific Northwest (PNW) office.  • The PNW partner and associates have found Luisa to be quite assertive with her positions on the matter and expresses them often.  • Luisa is frustrated with the slow pace, pushed deadlines, and multiple rounds of discussions about the same topics to try and get consensus.  • Discuss the team dynamics and how both Luisa and the PNW team members could be more culturally intelligent.Case study / scenario  • What are some of the cultural challenges both Luisa and the PNW folks need to address? • What other dynamics are in play between the PNW team members and Luisa? • Putting yourself in the Luisa’s or the PNW folks’ places, what would you do to try and be more culturally intelligent?  • What are the risks if nothing is done, or if the difficulties are mismanaged by either party? • What are the benefits if the parties work to resolve the issues? • What are the implications to either the individuals, group, and/or the organization?The room was broken into groups to discuss the scenario. We were only given about ten minutes which was just enough to sample the problem. In order to fully recreate the workshop atmosphere, I should let the readers discuss the problem amongst yourself. However, that is hard to do in the blog format. Some of the comments that came up were that Luisa and the Pacific Northwest team had different styles for approaching a problem. Neither style was "right" but they would have to be synthesized if the parties were to work together. For my part, I identified with Luisa. I like for discussions to flow in a linear fashion toward a conclusion. It drives me absolutely bonkers when a discussion seems to go round and round in no particular order. I also value arriving at a conclusion and moving forward even if it's not possible to reach consensus. The clash of styles had consequences for both sides of the group. If they could not reconcile their approaches, they would waste valuable resources bickering. For Luisa, getting a good recommendation from the Pacific Northwest partner would affect her ability to advance in the firm. For the firm, if Luisa got frustrated and left, they would lose their investment in her and the potential benefits she could have brought to the firm. My ThoughtsI wasn't sure what to expect when I went to this program. In some circles, diversity and inclusion are considered to be code words for social engineering. This workshop was anything but radical. It focused on empathy, communication and understanding. These are all good skills for any attorney to have. You can find the materials here.

How Student Loan Debt Affects Homeownership In Arizona How Bankruptcy Can Help You Take Charge Of Your Student Loans & Homeownership Student loan debt is a major burden for millennials and has become a significant factor in preventing younger people from homeownership. If student loan debt is very high, potential borrowers will not qualify for a mortgage. Others may find that they qualify for a mortgage, but feel they cannot simultaneously pay a mortgage while making their student loan payments. Many borrowers wonder if they can alleviate their overwhelming student debt load by filing for bankruptcy, in hopes of discharging their student debt so that they can eventually purchase a home. Unfortunately, in the vast majority of cases, student loan debt cannot be discharged through filing for bankruptcy because there is no tangible asset. Borrowers would need to go through an extensive process to prove that repaying the loan would cause undue hardship. Types Of Debt In Bankruptcy When you file for bankruptcy, your Mesa bankruptcy lawyer will help you understand that some debts are dischargeable and others are not. Credit card debt, mortgages, and vehicle loans are common types of dischargeable debt. Taxes, child support, alimony, and student loans are non-dischargeable debts that cannot be eliminated by filing for bankruptcy. Proving Undue Hardship Most of the time, student loan debt cannot be discharged when filing for Arizona Chapter 7 bankruptcy or Chapter 13 bankruptcy. The debtor must prove that paying back their student loans would impose an undue hardship on themselves and their dependents, and ultimately requires filing a lawsuit against the creditor. Typically, these cases are only won when there is an extenuating circumstance, such as a severe and permanent disability that prevents the debtor from earning sufficient income. For student loans to be discharged in bankruptcy, the debtor must prove: That at their current income, they are unable to maintain a very low standard of living if they must repay the students The additional circumstances that will perpetuate this standard of living are likely to continue throughout the majority of the repayment period That the debtor has already made good-faith efforts to repay their student loan debt This is a difficult case for most people to prove. To have the best chance of success, you’ll want to consult with an experienced Phoenix bankruptcy law office who understands the bankruptcy process and can work on your behalf. What Are The Consequences Of A Sex Crime Conviction? Although sex crimes are considered Class 2 felonies in Arizona, the penalties for sex crimes can vary widely, depending upon which type of crime was committed, the age of the victim, whether a weapon or drugs were involved, whether it was a first or subsequent offense, and additional circumstances. Subsequent offenses will receive more severe punishments than first time offenses. However, all sex crimes carry serious consequences that can be lifelong. In many cases, alleged offenders lose the opportunity to a plea bargain, because Arizona recognizes mandatory sentencing laws. For example, Arizona requires 5-14 of prison for those convicted of rape. Other consequences of conviction can include: Long prison sentencing, often without the potential of parole or probation for at least 35 years Criminal fines Lifelong probation Registration on the Arizona Sex Offender Registry, which can be searched by anyone Loss of professional licensure Ineligibility for some careers and volunteer positions Psychological evaluation or risk assessment to determine whether the offender poses a risk to the community Difficulty with housing and employment Potential to lose child custody Loss of friends and family relationships Social stigma Your East Valley criminal defense lawyer will work on your behalf to minimize your conviction and consequences. Which Type Of Bankruptcy Should I Choose? Although student loan debt is rarely discharged in bankruptcy, other debts, such as credit card debt, can be eliminated through bankruptcy. For many people, the elimination of other types of overwhelming debt provides enough financial flexibility that they can work toward homeownership even while making student loan payments. It’s also important to realize that after filing for bankruptcy, you have a low likelihood of qualifying for a mortgage for 7-10 years, depending on which type of bankruptcy you choose to file. In the meantime, you can work toward repaying your student loans and other non-dischargeable debts. This puts many people in the financial position to take out a mortgage by the end of the 7-10 year period after their bankruptcy filing. Two types of bankruptcy are available to most people: Chapter 7 and Chapter 13. Each has its requirements, positives, and negatives to consider. Consult with your Glendale bankruptcy attorney to learn more about which type of bankruptcy you qualify for and which might be the best choice for your situation. Chapter 7 Bankruptcy This is the most common type of bankruptcy. Some of your assets are sold by the bankruptcy trustee, who will use the proceeds to pay your creditors. Once this is complete, your remaining debt balance is discharged. Some debts, such as taxes, criminal fines, student loans, alimony, child support, and some contracts cannot be discharged. There are certain income limits and other requirements. You will be able to keep your primary home and vehicle, and some other assets; the goal of bankruptcy is not to make someone homeless but to help them establish a fresh financial start. Chapter 7 bankruptcy will be completed within a few months, and the bankruptcy will remain on your credit for 10 years. Chapter 13 Bankruptcy Chapter 13 reorganizes your debts into manageable monthly payments, which you will pay for the next 3-5 years. Once this is completed, your remaining debts are discharged. Chapter 13 is a good choice for people who want to keep their homes, vehicles, and other assets. You must meet certain requirements to qualify for this type of bankruptcy. Chapter 13 bankruptcy will remain on your credit for 7 years. Some people also choose to file Chapter 13 bankruptcy when they need relief from collections and want to gain some breathing room to get their finances in order. Regardless of which type of bankruptcy you choose, be sure to consult with an experienced Gilbert  bankruptcy law office who can evaluate your situation and provide advice. Filing for bankruptcy can be a strategic way to work toward home ownership or eradicate overwhelming debt so that you can move forward with your goals. Consult With Mesa’s Leading Bankruptcy Attorney Managing overwhelming debt can be exhausting and confusing. That’s why getting in touch with My AZ Lawyers can be the first step toward a brighter, freer future. We have assisted over 14,000 clients through the bankruptcy process and are ready to help you develop a personalized approach to managing debt that will work for you. Schedule your confidential consultation with us today!   Arizona Offices: Mesa Location: 1731 West Baseline Rd., Suite #100 Mesa, AZ 85202 Office: (480) 448-9800 Email: [email protected] Website: https://myazlawyers.com/ Phoenix Location: 343 West Roosevelt, Suite #100 Phoenix, AZ 85003 Office: (602) 609-7000 Glendale Location: 20325 N 51st Avenue Suite #134, Building 5 Glendale, AZ 85308 Office: (602) 509-0955 Tucson Location: 2 East Congress St., Suite #900-6A Tucson, AZ 85701 Office: (520) 441-1450 Avondale Location: 12725 W. Indian School Rd., Ste E, #101 Avondale, AZ 85392 Office: (623) 469-6603 The post How Student Loan Debt Affects Homeownership In Arizona appeared first on My AZ Lawyers.

 Happy Holiday and a Happy and Healthy New Year to all!This year, we received many referrals from friends and colleagues.At Shenwick & Associates, we have been very busy counseling clients with regard to defaulted SBA EIDL loans, advising clients who want to vacate their leased property in Manhattan, and dealing with Good Guy Guaranty issues.Personal bankruptcy filings have increased and we expect more personal bankruptcy filings in 2023 due to the new procedures in place for discharging student loans in chapter 7 bankruptcy, due to “hardship”.Jim Shenwick

 CBS News has a post titled "Already slammed by inflation, small businesses struggle to repay COVID-19 disaster loans". The post can be found at https://www.cbsnews.com/news/small-businesses-eidl-loans-repayment-inflation-covid-19-pandemic/This article is consistent with what we are hearing from many clients, who took out EIDL covid 19 loans and who are unable to repay them due to market factors. Jim Shenwick, Esq [email protected] 212 541 6224