Bankruptcy Protection Lawyer Phoenix, AZ
Many people think of filing for bankruptcy as giving up and giving in to creditors. But in many ways, the opposite is true. Bankruptcy actually provides you with protection and financial relief. It is a powerful legal tool to help you resolve overwhelming debt and get back on the road to financial recovery. Some of the many protections that can be extended to you should you decide to file for bankruptcy are discussed below. For more information, contact Kamper & Estrada, PLLC to speak with a bankruptcy protection lawyer Phoenix, AZ residents trust.
Halting Creditors and Harassment with the Automatic Stay
Whether you file for Chapter 7 or Chapter 13, your bankruptcy filing triggers what is known as an “automatic stay.” This is an immediate freeze on debt/bill collection attempts, communication from creditors and penalties associated with non-payment.
When the automatic stay goes into effect, it stops:
- Creditors and bill collectors from contacting you or otherwise seeking to collect payment
- Eviction proceedings
- Foreclosure proceedings
- Wage garnishment
- Disconnection of utilities
- Government agencies who may be trying to take back public benefit overpayments
You should know that the automatic stay doesn’t permanently stop or prevent the actions above. They can begin again after a certain period of time. However, the automatic stay provides a much-needed break from the chaos of overwhelming debt, and it gives you the time and space you need to resolve your bankruptcy action. Depending on your unique circumstances, an experienced Phoenix, AZ bankruptcy protection lawyer from our firm can help you to restructure your debt or even help you eliminate eligible debts outright.
You May Be Able to Protect and Keep Your Home
If you are behind on mortgage payments and in danger of foreclosure, filing Chapter 13 may give you the second chance you need in order to keep your home. The automatic stay stops foreclosure activities temporarily. During that time, you can set up a repayment plan that includes repaying past due mortgage payments. You’ll also need to keep current on your monthly payments during this time, which can be financially tricky while also repaying arrearage. But if you can manage this with the help of a Phoenix, AZ bankruptcy protection lawyer, you may be able to keep your home.
Protect Your Health and Your Dignity
Being in debt is highly stressful and demoralizing. Prolonged stress and low self-esteem are disastrous for your long-term health. By filing bankruptcy, you are calling an end to the stress, harassment and poor treatment that you may have been suffering for years. And when the process is completed, you will have a fresh financial start and a newfound sense of personal dignity. These benefits should never be overlooked or undervalued.
Contact Us to Learn More About Your Options
Our firm helps good people facing difficult situations, and that likely describes you. Bankruptcy is not surrender. Rather, it is more like calling in reinforcements to help even out an unfair fight.
If you want to know how bankruptcy may benefit you or which type of bankruptcy is most appropriate for you, contact our firm to speak with an experienced and compassionate Phoenix, Arizona bankruptcy protection lawyer. We will walk you through the process, fully explain your rights and options and help you get started.