When I meet with people in my office, most are at one of the lowest points in their lives. The most common thing I hear is “I never thought I would be in this position.” That is what is so striking about this recession — the fact that it has permeated almost every income bracket and profession. In the beginning of the recession most of my clients were in professions dealing with real estate, construction, or auto sales. Now, many of my clients are business professionals, doctors, lawyers, teachers, and pretty much any job you can think of. Having financial stress often results in stress on family relationships as well. It is not uncommon for a couple to come into my office seeking bankruptcy help and asking for a referral to a family law lawyer who can handle their divorce. The stress of dealing with collectors and the day to day struggle of not having enough money simply becomes too much. It is not surprising that in many studies financial problems is listed as the number one reason people divorce.
So this leads to the question “how can bankruptcy help stop the stress?”. First, when you meet with an Arizona bankruptcy attorney it can give you hope that there is a soloution to your situation. I find that one of the biggest causes of stress is the feeling that your situation is hopeless and that there is no solution. Meeting with an Arizona bankruptcy attorney will help you see that the law does provide relief, that we can put together a game plan that will help you get back on your feet. I offer a free bankruptcy consultation for this very purpose – to show you that there are options.
Second, immediately upon the filing of your bankruptcy case, the bankruptcy court here in Arizona will issue an order called the “automatic stay” that stops all collection efforts against you and any of your property. Simply put, this means that the phone calls will stop! Your creditors will not be able to sue you, garnish your wages, send you nasty letters, or continue to call you all day long. The stopping of the phone calls alone will add significant peace to your home.
Finally, the bankruptcy discharge order entered by the Arizona bankruptcy court will eliminate your debts and allow you a fresh start. For those of you wishing you could just hit reset on your financial life, a chapter 7 or chapter 13 bankruptcy may be what you are looking for.
As I said above, I offer a free bankruptcy consultation where we can discuss your specific situation and help you determine what your best option is. I can be reached at (480) 648-8975.