Kaveh Mostafavi's (kavehmostafavi) Blog

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Services for Real Estate Pros - Phoenix bankruptcy/Accident lawyersMostafavi, Marco & Wimmer
RECENT BLOG POSTS
Prevent wage and bank account garnishment with Bankruptcy. In Arizona creditors have the ability to garnish your wages and bank accounts.  First and foremost they must sue you for the debt and obtain a judgment.  After judgment is granted the creditor can execute a "Writ of Garnishment", where th...
06/01/2011
Bank Card and Second Mortage defaults rise again. S&P and Experian's joint study on Consumer Credit Default indices showed an increase in bank card and second mortgage defaults in April 0f 2011.   The six months prior to April indicated a consistent decrease in both these types of loans, so exper...
05/26/2011
Arizona's exemption for cash in a Bankruptcy The single most attention grabbing fact we give clients in our consultations is Arizona's cash exemption in a Chapter 7 or Chapter 13 Bankruptcy.  Arizona has one of the lowest exemptions for cash in the United States, and yes this is a real figure.  O...
05/11/2011
The effects of your income in an Arizona Chapter 7 Bankruptcy-do you qualify? Since March 15, 2011 the average household incomes used for Bankruptcy purposes have changed.  In Arizona, the average household incomes are as follows:                                   1 person                        ...
05/02/2011
Tips to prepare for Bankruptcy in Arizona So you're contemplating a Chapter 7 Bankruptcy or Chapter 13 Bankruptcy in Phoenix, Arizona.  You go online, do a little research, are bombarded with information, and most of it leaves you more confused than when you started.  The important thing is that ...
04/19/2011
Big 5 banks save $20 billion while we all suffer!   I recently read an article from the Huffington Post that upset me.  The article stated that the Big 5 Banks (Bank of America, JP Morgan Chase, Wells Fargo, Citi Group, and Ally Financial) have saved an estimated $20 billion since the housing cri...
04/12/2011
Arizona Chapter 13 Lien Strip-YES YOU CAN! Most of you are aware that the vast majority of consumer bankruptcy in Arizona is either Chapter 7 Bankruptcy or Chapter 13 Bankruptcy.  The key factors in a debtor's life that effect eligibility in either Bankruptcy Chapter are income, assets, debts and...
03/30/2011
What you need to do with your Arizona and Federal Taxes in a Bankruptcy? It's the most wonderful time of the year, TAX SEASON!!  See lawyers can have a sense of humor too!  Tis true it is time to deal with taxes.  As we all know there are 2 things that we all absolutely, without fail, no if ands ...
03/22/2011
 Arizona Chapter 13 Bankruptcy Lawyer Andrea Wimmer wins Big! ! We at Mostafavi, Marco & Wimmer are pleased to announce that Phoenix Arizona Bankruptcy Lawyer Andrea Wimmer has won a very important decision in front of an 9th Circuit Bankruptcy Judge in Phoenix!!  Her case has set precedent in Ar...
03/16/2011
An Arizona Chapter 13 Bankruptcy Client says Thank you Throughout our careers Phoenix Arizona Bankruptcy Lawyers Andrea Wimmer and myself have represented hundreds of Chapter 7 Bankruptcy clients.  Typically, these individuals come to us distraught with stress, from a mountain of debt, creditor h...
03/14/2011
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Kaveh Mostafavi

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