March 16, 2011 (Press-News.org) City-data.com is a website that lists statistics about American cities and towns. Recently, I spent some time looking at the numbers for Prescott and Prescott Valley. I can't really tell you why I decided to check up on Yavapai County, but I did and what I found out led me to some interesting thoughts regarding bankruptcy in Prescott. Whenever I look at bankruptcy in an area I start off by diving into the data relating to housing and income. Prescott has a fairly low median income for Arizona at $41,010 where as Arizona as a whole has a median income of $48,745. This in and of itself is not that interesting, but it's the housing prices in Prescott that draw questions.
The median house value in Prescott is $285,562 nearly $100,000 more than the median for Arizona as a whole. This points to two unique factors at work in Prescott, firstly the lower income and higher house prices means this is a retirement area, and secondly the higher house prices means this area wasn't as hard hit by the housing crisis as was the rest of Arizona. The idea that Prescott and Prescott valley is an ideal retirement area is nothing new, in fact a few months ago Yahoo.com listed it as one of the best underrated retirement areas.
Unfortunately, with low incomes and high home prices Prescott is especially vulnerable to market forces. This can result in crushing mortgage payments. Sometimes the best and only solution is to file for bankruptcy. A lot people have misconceptions about what filing bankruptcy means. Bankruptcy means a fresh start. After filing a bankruptcy people are still able to get car and home loans, it's not a scarlet letter that will stop all financing. It doesn't mean you will lose your house or car. Often times within a year or two of filing a bankruptcy people will have credit scores in the high 600s or 700s.
The prospect of filing for bankruptcy can be frightening, but it doesn't have to be. Let one of our skilled attorney's talk to you and explain the process and benefits of filing for bankruptcy. Please contact Wright Law Offices at 623-208-5553 so you can meet with one of our attorneys for a free consultation at our Prescott office.
If you would like to learn more about bankruptcy or wish to file bankruptcy, contact an experienced Phoenix bankruptcy attorney from Wright Law Offices. Sometimes, bankruptcy can be frightening or discouraging, but our compassionate lawyers can provide you with the advice and support you need to feel better about your situation. Our firm focuses solely on bankruptcy, which allows us to handle complex cases and give our clients the attention they deserve. Contact us to schedule a free consultation at our toll-free number 888-725-8597.
Website: http://www.azbklawyer.com
Wright Law Offices: Bankruptcy in Prescott, AZ
With low incomes and high home prices in Prescott, some may be faced with high mortgages and market pressures. In situations like this, sometimes the best option is to file for bankruptcy.
2011-03-16
ELSE PRESS RELEASES FROM THIS DATE:
Side effects of prophylactic percutaneous endoscopic gastrostomy placement
2011-03-16
Impairment of oral intake occurs in the majority of patients with head and neck cancer (HNC) receiving chemoradiotherapy. Placement of prophylactic percutaneous endoscopic gastrostomy (PEG) tube in asymptomatic newly diagnosed HNC before chemoradiation is a common practice in some centers. In some studies, PEG has been associated with a decrease in treatment related weight loss in patients with HNC, but no studies have examined the utilization rate.
A research article published on February 28, 2011 in the World Journal of Gastroenterology addresses this question. The ...
Study shows how chickens keep their cool
2011-03-16
Its head looks like a turkey's, its body resembles a chicken's – now scientists can explain why one of the poultry world's most curious specimens has developed such a distinctive look.
The Transylvanian naked neck chicken – once dubbed a Churkey or a Turken because of its hybrid appearance – has developed its defining feature because of a complex genetic mutation.
Researchers at The Roslin Institute at The University of Edinburgh found that a vitamin A-derived substance produced around the bird's neck enhanced the effects of the genetic mutation.
This causes a protein ...
Detection of early gastric cancer using hydro-stomach CT
2011-03-16
Traditionally, both air and tap water have been used as oral contrast agents to achieve adequate gastric distension for preoperative computed tomography (CT) imaging in patients with early gastric cancer (EGC). Despite introduction of multi-detector row CT techniques and the use of multiplanar reconstruction (MPR) images, the detection rate of EGC on hydrostomach CT has still been unsatisfactory.
A research article published on February 28, 2011 in the World Journal of Gastroenterology addresses this question. The authors conducted a comparison study for the detection ...
Unusual treatment of colonic perforation
2011-03-16
Colonoscopy is considered a safe procedure, although complications can occur. The most dreaded of these is iatrogenic perforation. The literature reports perforation rates of 0.03%-0.8% for diagnostic procedures, and a rate of 0.15%-3% for therapeutic procedures. Mechanisms of perforation are the result of either mechanical disruption of the colonic wall (e.g. thermal injury, forced push into a diverticulum, or stretching of the bowel with loops or the slide-by technique) or excessive air insufflation. After perforation, prompt abdominal surgery is usually recommended, ...
Maquipucuna cloud forest in Ecuador yields new species of yeast
2011-03-16
In a unique collaboration between scientists from the UK, Ecuador and Réunion, a new species of yeast has been discovered growing on the fruit of an unidentified and innocuous bramble collected from the biodiversity-rich Maquipucuna cloud forest nature reserve, near Quito, in Ecuador.
"We are actively looking for new yeasts with the ability to ferment plant material to produce bio-energy," said Dr Steve James from the National Collection of Yeast Cultures at the Institute of Food Research in Norwich.
The collection of yeasts at the institute is already used for bread ...
Treatment breakthrough for rare disease linked to diabetes
2011-03-16
University of Manchester scientists have led an international team to discover new treatments for a rare and potentially lethal childhood disease that is the clinical opposite of diabetes mellitus.
Congenital hyperinsulinism (CHI) is a condition where the body's pancreas produces too much insulin – rather than too little as in diabetes – so understanding the disease has led to breakthroughs in diabetes treatment.
This latest study, published in the journal Diabetes today (Wednesday), was carried out with clinical colleagues at hospitals throughout Europe and at the ...
Wright Law Offices: Bankruptcy in Avondale
2011-03-16
Recently the West Valley View, the newspaper serving the communities of Avondale, Buckeye, Goodyear, Litchfield Park, and Tolleson ran an article on the tough economic times Arizona as a whole can look forward to over the next few years. Sadly, most Arizona residents had already come to this realization. The combination of the bursting of the massive housing bubble in Arizona and current rock-bottom housing values has left a look of people in a valueless house. Sprinkle in a dose of high unemployment and suddenly you have the making of a housing crisis.
A quick search ...
Managing post-stroke depression improves physical functioning
2011-03-16
INDIANAPOLIS – Stroke patients who are not successfully treated for depression are at higher risk of losing some of their capability to function normally, according to a study in the March 15, 2011 issue of the journal Neurology.
Although as many as a third of those who experience a stroke develop depression, a new study by researchers from the Regenstrief Institute, the schools of health and rehabilitation sciences and of medicine at Indiana University-Purdue University Indianapolis and the Richard L. Roudebush VA Medical Center is the first to look whether managing ...
Hannover Messe: Quiet area for sensitive devices
2011-03-16
It is difficult to write a letter on a driving bus, or to measure small distances on a vibrating plate – the vibrations simply interfere too much. Any small vibration coming from the floor is already too much if there is an increased requirement with respect to accuracy. They hamper high-resolution measurements of distance or roughness – as in scanning electron microscopy. They are also not desired in production if precision is a requirement. For this reason, the devices must be settled in such a manner that they are stable and quiet. Damping is necessary also when the ...
Strategies for improved collection of national travel data
2011-03-16
WASHINGTON — Good travel data are essential to measure and monitor the performance of the U.S. transportation system and to help guide policy choices and investments in transportation infrastructure, says a new report from the National Research Council that calls for the creation of a national travel data program. Current data are inadequate to support decision making in the transportation sector.
"Each day our transportation network serves hundreds of millions of travelers and handles millions of tons of freight, yet we are not collecting the data necessary to analyze ...
LAST 30 PRESS RELEASES:
Effectiveness and cost-effectiveness of automated external defibrillators in private homes
University of Phoenix College of Social and Behavioral Sciences leadership publishes white paper on trauma-informed education
Microbial iron mining: turning polluted soils into self-cleaning reactors
Molecular snapshots reveal how the body knows it’s too hot
Analysis finds alarming rise in severe diverticulitis among younger Americans
Mitochondria and lysosomes reprogram immune cells that dampen inflammation
Cockroach infestation linked to home allergen, endotoxin levels
New biochar-powered microbial systems offer sustainable solution for toxic pollutants
Identifying the best high-biomass sorghum hybrids based on biomass yield potential and feedstock quality affected by nitrogen fertility management under various environments
How HIV’s shape-shifting protein reveals clues for smarter drug design
Study identifies viral combinations that heighten risk of severe respiratory illnesses in infants
Aboveground rather than belowground productivity drives variability in miscanthus × giganteus net primary productivity
Making yeast more efficient 'cell factories' for producing valuable plant compounds
Aging in plain sight: What new research says the eyes reveal about aging and cardiovascular risk
Child welfare system involvement may improve diagnosis of developmental delays
Heavier electric trucks could strain New York City’s roads and bridges, study warns
From womb to world: scientists reveal how maternal stress programs infant development
Bezos Earth Fund grants $2M to UC Davis and American Heart Association to advance AI-designed foods
Data Protection is transforming humanitarian action in the digital age, new book shows
AI unlocks the microscopic world to transform future manufacturing
Virtual reality helps people understand and care about distant communities
Optica Publishing Group announces subscribe to open pilot for the Journal of the Optical Society of America B (JOSA B)
UNF partners with Korey Stringer Institute and Perry Weather to open heat exercise laboratory on campus
DNA from Napoleon’s 1812 army identifies the pathogens likely responsible for the army’s demise during their retreat from Russia
Study suggests two unsuspected pathogens struck Napoleon's army during the retreat from Russia in 1812
The 25-year incidence and progression of hearing loss in the Framingham offspring study
AI-driven nanomedicine breakthrough paves way for personalized breast cancer therapy
Fight or flight—and grow a new limb
Augmenting electroencephalogram transformer for steady-state visually evoked potential-based brain–computer interfaces
Coaches can boost athletes’ mental toughness with this leadership style
[Press-News.org] Wright Law Offices: Bankruptcy in Prescott, AZWith low incomes and high home prices in Prescott, some may be faced with high mortgages and market pressures. In situations like this, sometimes the best option is to file for bankruptcy.