Bankruptcy Blogs

Farewell to Chevron Deference

07/08/24

One of the many controversial opinions coming from the Supreme Court at the end of its term was Loper Bright Enterprises v. Raimondo, No. 22-451 (6/28/24) which abolished what is known as Chevron deference.

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Supreme Court Nixes Non-Consensual Third-Party Releases

07/07/24

In an opinion that resolves decades of circuit court splits, the Supreme Court ruled against allowing nonconsensual third-party releases. Harrington v. Purdue Pharma, LP, No. 23-124 (6/27/24) which can be found here.  While the opinion is emphatic in its rejection of extra-textual plan provisions, the 5-4 ruling and numerous caveats mean this won't be the last time creative lawyers will be testing the limits of the Code.

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How Much Do You Have to Be in Debt to File Chapter 7?

05/09/24

If you find yourself struggling with debt, you may be considering filing for bankruptcy. Bankruptcy can provide a fresh start and the opportunity to rebuild your financial life. But how much debt do you need to have in order to qualify for a Chapter 7 bankruptcy? There is no specific amount of debt that you need to file, as each situation is unique.

 

Every situation is different, and you should consider many factors before filing for bankruptcy. Discuss your options with Phoenix bankruptcy attorney today.

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Bankruptcy and Foreclosure

04/16/24

Many people fall behind on their mortgages. While some lenders are more than willing to work with homeowners who get behind on their payments, this is the exception rather than the rule. If you fall too far behind on your payments, your mortgage lender will likely begin the foreclosure process. One saving grace for homeowners facing foreclosure is that the process usually takes a while.This gives them time to consider alternatives to foreclosure, such as loan forbearance, a short sale, a deed in lieu of foreclosure, or bankruptcy.

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New Bankruptcy Laws

04/16/24

In 2005, former president George W. Bush signed into law a major reform of bankruptcy law. This reform, called the Bankruptcy Abuse Prevention and Consumer Protection Act, changed bankruptcy law in a variety of ways. In general, filing for bankruptcy became slightly more complicated due to the reform.

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Bankruptcy and Divorce

04/16/24

Often, divorce proceedings and assets lost in a divorce can make it necessary to file for bankruptcy in Arizona. In fact, the Phoenix bankruptcy lawyers at EZ Legal Fees by EZ Legal Fees by WantAFreshStart know divorce is one of the more common reasons people choose to file. If you are still married, there are a number of factors to consider when determining whether to file for bankruptcy or divorce first – in addition to ways to make the process as easy on yourself as possible. You may wish to consider the following factors when facing bankruptcy alongside divorce.

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