Greeves & Roethler, PLC

06/14/2023

https://www.equifax.com/personal/education/identity-theft/synthetic-identity-theft/

Synthetic identity theft is one of the many forms of identity theft. Learn what it is and how to better protect yourself.

06/05/2023

https://recorder.maricopa.gov/MaricopaTitleAlert/Default

Maricopa Title Alert monitors documents recorded with the Maricopa County Recorder’s office and alerts subscribers. This program will notify participating subscribers by email when a document is recorded in a specific individual’s name and/or business name. This service applies only to documents...

04/29/2023

https://www.azfamily.com/2023/04/28/arizonas-family-announces-transformative-broadcast-partnership-with-phoenix-suns-phoenix-mercury/?fbclid=IwAR3oH5idtjJZHUhJYJZrKaap5bLZOl17eOaPJkmlGv6w_Wk_pmi4EjLWYKQ

Groundbreaking rights deal to bring every game free, Over-the-air with statewide distribution.

04/26/2023

What should I do if my car might be repossessed? If your car is about to be repossessed, the first thing you should do is contact the lender to discuss possible options. You may be able to negotiate a payment plan or loan modification to catch up on missed payments or to avoid repossession. Additionally, you could try to sell the car to pay off the loan or consider refinancing the loan with a new lender. If repossession is inevitable, you should remove any personal belongings from the car. If you are able to park your car in a locked garage, that is helpful, because repossession agents should not break in to a garage to retrieve a vehicle. Do not ever touch or threaten a repossession agent.

Bankruptcy could potentially help you avoid having your car repossessed by providing a legal stay on all collection activities, including car repossession. In the legal world, the word 'stay' means that legal proceedings are halted. If you file bankruptcy before the vehicle is repossessed, the lender is legally prohibited from repossessing the vehicle until there is a court hearing and the judge gives permission for a repossession. If you file for bankruptcy, you may be able keep the car long-term, depending on the type of bankruptcy you file. Chapter 13 bankruptcy, for example, allows individuals to keep their assets and create a payment plan to catch up missed payments over a period of 3 to 5 years.

This information is for general informational purposes only and is not legal advice. We recommend that you consult with our law firm or another qualified attorney for personalized legal advice. We can be reached on Facebook, by e-mail at [email protected] or by phone at 480-422-1850.

04/19/2023

Probate is a legal process that happens after someone dies. When a person dies, they leave behind property like a house, money, or other things they own. Probate is the process of proving in court that the will of the person who died is valid (if they have one) and that their property is distributed according to their wishes.

During probate, a judge will oversee the process and make sure that the property is distributed properly among the person's heirs or beneficiaries. The judge will also make sure that valid debts or taxes owed by the person who died are paid before the property is distributed.

Probate can take several months or even years to complete, and it can be expensive, so it's important for people to plan ahead and create a will or a trust so that their wishes are clear and their loved ones can avoid unnecessary costs and delays.

This information is for general informational purposes only and is not legal advice. We recommend that you consult with our law firm or another qualified attorney for personalized legal advice. We can be reached on Facebook, by e-mail at [email protected] or by phone at 480-422-1850.

04/18/2023

A revocable living trust can be a crucial legal tool for a married couple to ensure their assets are protected and managed according to their wishes during their lifetime and after their passing. First, it allows the couple to maintain control over their assets by serving as the grantors and trustees of the trust. They can modify, amend, or revoke the trust as needed, providing flexibility and adaptability. Second, it enables efficient estate planning, as the trust can specify how the couple's assets will be distributed to their heirs or beneficiaries, potentially avoiding the costly and time-consuming probate process. Additionally, a revocable living trust provides privacy, as it does not become public record like a will, and protects against potential challenges to the estate. Overall, a revocable living trust offers married couples a comprehensive and customizable solution for managing their assets during their lifetime and beyond, providing peace of mind for themselves and their loved ones.

This information is for general informational purposes only and is not legal advice. We recommend that you consult with our law firm or another qualified attorney for personalized legal advice. We can be reached on Facebook, by e-mail at [email protected] or by phone at 480-422-1850.

04/17/2023

What is the difference between a 'debtor' and a 'creditor' in bankruptcy? Bankruptcy is a legal process that occurs when a debtor is unable to repay their debts and seeks relief from their financial obligations. A debtor in bankruptcy is a person or entity who has filed for bankruptcy protection due to their inability to repay their debts. When a debtor files for bankruptcy, they are seeking legal protection from their creditors and a fresh start to their financial situation. A creditor in bankruptcy is a person or entity to whom the debtor owes money. Creditors are seeking to collect or recover some amount of the money owed to them within the framework of the bankruptcy process. The legal dynamics and rights of debtors and creditors can be complex and are governed by bankruptcy laws.
This information is for general informational purposes only and is not legal advice. We recommend that you consult with our law firm or another qualified attorney for personalized legal advice. We can be reached by e-mail at [email protected] or by phone at 480-422-1850.

04/16/2023

Chapter 7 and Chapter 13 are two different types of bankruptcy that individuals can file. Here are some key differences between Chapter 7 and Chapter 13 personal bankruptcy:

Eligibility: Chapter 7 bankruptcy is often referred to as "liquidation" bankruptcy and is available to individuals who do not have the means to repay their debts. Chapter 13 bankruptcy, on the other hand, is a "reorganization" bankruptcy and is available to individuals with a regular source of income who can repay a portion or all of their debts through a court-approved repayment plan.

Asset Liquidation: In Chapter 7 bankruptcy, a Trustee may sell a debtor's non-exempt assets to repay creditors, although there are exemptions that protect certain types of property. However, a qualified bankruptcy attorney should be able to help you keep most or all of your assets. In contrast, Chapter 13 bankruptcy allows the debtor to keep their property and repay debts through a court-approved repayment plan.

Repayment Plan: Chapter 7 bankruptcy does not involve a repayment plan. Once the debtor's non-exempt assets (if any) are liquidated, the remaining eligible debts are typically discharged, meaning the debtor is no longer personally liable for those debts. Chapter 13 bankruptcy, however, requires the debtor to propose a repayment plan to the court, which outlines how they will repay their debts over a period of 3 to 5 years, based on their disposable income. The debtor makes regular payments to a Trustee, who then distributes the funds to creditors according to the approved plan.

Duration: Chapter 7 bankruptcy is generally quicker, with the process typically taking about six months to complete. Chapter 13 bankruptcy, on the other hand, typically takes 3 to 5 years to complete, as it involves a court-approved repayment plan that spans over several years.

The information provided above does not, and is not intended to, constitute legal advice; instead, all information, content, and materials are for general informational purposes only. We recommended that you consult with our firm or another qualified attorney for personalized legal advice.

04/14/2023

Will I lose my car if I file bankruptcy? Most likely not. In Arizona, vehicle exemptions in bankruptcy provide protection to debtors (the person who files bankruptcy) who are seeking relief from their debts. Arizona has specific exemptions that allow debtors to keep their vehicles up to certain values, even when filing bankruptcy. Under Arizona bankruptcy law, debtors can claim one motor vehicle exemption of up to $15,000 for a single debtor, or up to $30,000 for joint (married) debtors. Alternatively, joint debtors can claim the $15,000 exemption for one vehicle per person - two vehicles total. If the debtor or debtor's dependent has a physical disability, these amounts are increased to $25,000 and $50,000 of equity. This means that if the equity in a debtor's vehicle is within the exemption limits, they can keep their vehicle even after filing for bankruptcy, because it is considered an essential asset necessary for their daily transportation needs. The amount of the exemptions mentioned above will be adjusted every year for inflation. ARS §§ 33-1121.01 and 33-1125(8).

04/13/2023

https://www.nbcnews.com/pop-culture/pop-culture-news/red-cross-snoopy-shirt-drives-blood-donations-tiktok-rcna78749

A collaboration between the Red Cross and Peanuts is encouraging people to become first-time blood donors.

04/11/2023

https://www.bankrate.com/personal-finance/financial-independence-survey/

A new Bankrate survey shows over two-thirds of parents of adult children are sacrificing financially to help their kids.

04/10/2023

https://www.cnbc.com/2023/04/10/fbi-says-you-shouldnt-use-public-phone-charging-stations.html

The law enforcement agency said bad actors had figured out how to infect phones with malware using public charging cables.