I have gotten quite a reaction from my recent post on the new proposed law change – ARS 1281. The memo was actually written by Arizona real estate attorney, Marc McCain. Mark has sent the memo to various Arizona law makers and I hope his well written memo has its desired effect.
In response to my post I have also heard from a number of Arizona bankruptcy attorneys. Their responses have been revealing. One dryly called the new law “My Retirement”! given the expected rush of new bankruptcy fillings that will happen if this law passes. More than anything that type of response should give Arizona lawmakers pause before passing this ill considered bill.