Plein Update (Jan. Email Blast)

After numerous discovery requests and subpoenas we’ve finally received the discovery in the Plein matter. We’ve received electronic copies of over 6,000 pages worth of documents. We are in the process of reviewing this documentation to see what, if any, recovery may be available outside of the bankruptcy. Additionally, originally the trustee intended to wrap up the bankruptcy by this past Dec., but he has extended the real estate listings through at least March.

How Serious is a Juvenile Crime in Arizona?

Your child’s life may be seriously affected from both a practical and legal perspective if he or she is arrested and ultimately convicted of committing a crime as a juvenile in Arizona.  Not only can a juvenile record can create a tremendous amount of stress within the family (as your child’s education and living arrangement may be dictated by the State), certain crimes (driving under the influence, for example) drastically alter the penalties of future convictions when your child becomes an adult.  Moreover, a conviction against your child in Arizona is not necessarily “expunged” when he or she becomes an adult as some presume. 

“Should I Stay or Should I Go Now?”

2012 IS THE YEAR TO DECIDE WHETHER TO SHORT SELL, WALK AWAY OR STAY

Since real estate values began dropping in 2006, many homeowners have been trying to hold on to their homes hoping that the market would turn around or that they may be able to modify their existing mortgages pursuant to one of the various modification plans for which few, if any, people qualify. Many people already have reached the decision that they need to get out from under their underwater houses, and have either walked away and let the property go to Trustee’s Sale or have sold their property in a short sale.  If you have been on the fence whether to unload your underwater home, now is the time to get off the fence and get on with your future. 2012 is the last year for a very important tax break for those people that are walking away from mortgage debt.