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Surprise, Arizona Attorney
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May 2014 Archives

How divorce affects a pending bankruptcy

Arizona residents may wonder whether it is possible to file for divorce after filing for bankruptcy or whether they should wait until the bankruptcy is discharged. With a Chapter 13 bankruptcy, spouses have two options. They can choose to convert to a Chapter 7 bankruptcy, or they can seek to convert their joint payment plan into two separate plans to reflect their change to two separate households.

Most credit card debt due to job loss, illness

Arizona families who find themselves overwhelmed by credit card debt are most likely not in that position due to carelessness or ignorance about finances. A recent survey reveals that people with credit card debt are often there due to turning to credit to pay for necessities, and they tend to spend less and budget more than people who are debt-free.

Refinancing a mortgage after bankruptcy

Arizona residents may wonder how filing for bankruptcy may affect a later refinance of an existing mortgage. It is important for a homeowner to understand the potential implications of filing for Chapter 13 bankruptcy before going through the process. One of the main reasons for a person to refinance a mortgage is to reduce monthly payments, which can make additional funds available to pay down the bankruptcy debt faster. However, reduced payments often go hand-in-hand with a lower interest rate, and banks may hesitate to offer a low interest rate to someone who has recently filed for bankruptcy.

Dan R. Dodds Dan R. Dodds

At the Dodds Law Firm, I focus my practice on the needs of individuals who have suffered losses because of abusive, deceptive or unfair conduct by others. I also provide comprehensive counsel in all matters related to Chapter 7 and Chapter 13...Read More

The Dodds Law Firm, PLC | 14239 West Bell Road, Suite 108 | Surprise, AZ 85374 | Toll Free: 877-827-9906 | Phone: 623-208-6098 | Map & Directions