Arizona residents may be interested in some information on Chapter 13 bankruptcy in general and how it deals with discharging federal taxes. The tax issues involved depend greatly on the particular circumstances of the person filing for bankruptcy and looking to discharge the debts.
Arizona residents who are dealing with credit card debt may be interested in statistics about American credit card debt. Determining the exact number poses some problems, however. While many different companies gather data and attempt to determine the average American's credit card debt, the answer is not that simple.
Arizona readers who are carrying the weight of credit card debt may be interested in an article discussing what happens if minimum payments are not made. While there will be bad news for a person's credit, the penalties will not be quite as harsh as some bill collectors may imply.
Paying off credit cards with high interest in full might seem like a good idea, but sometimes paying off debt gradually can often serve as a better solution. In different parts of the United States, including Arizona, the average individual has over $4,000 in debt. Paying off credit card debt often doesn't solve spending problems and can lead to more debt when individuals spend money they set aside for something else. Paying off debt with inheritance money or bonuses may seem like a solution but starting to build up their savings and stay out of debt permanently can help people avoid future href= "/Practice-Areas/Bankruptcy.shtml>financial challenges.
Because an Arizona resident receives an application for a credit card from his or her bank does not mean that he or she will be approved for the card. The mailings are a marketing tool, and the recipients are pre-screened through the bank's customer database.
Divorcing couples in Arizona often face financial challenges surrounding the division of liabilities as well as assets. Mortgage loans, for example, present difficulties when attempting to reach an equitable division of property. In many cases, Chapter 7 bankruptcy may provide relief from some of these struggles.