Bankruptcy for Wage Earners

It seems that no matter how secure one might seem to be financially, there is always something lurking in the wings to threaten that stability. A car accident, medical emergency or natural disaster can quickly drain your savings without warning. These are the kinds of personal catastrophes that typically cause a person to consider the financial protections offered by the United States Bankruptcy Code. Chapter 13 offers debtors who are employed and actively working the opportunity to take control of their debt load while securing them against the onslaught of collection efforts.

If you are employed and seeking relief from the mounting pressures of increasingly unmanageable debts, then it may be in your best interest to consult with a skilled and experienced attorney about your legal rights. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C., at 480-829-0494 to discuss your case and gain a fair and honest assessment of your present situation

Advantages of Filing for Chapter 13 Bankruptcy

There is a temptation to struggle long past the point of reason when attempting to resolve one’s debts. This is a product of a well-meaning intent to fully satisfy financial obligations and also a longstanding cultural taboo against taking any steps that are perceived to constitute an abandonment of that duty. But the reality is that under the provisions of Chapter 13 bankruptcy you will still be paying the balance of your debts – you will simply be extending the timeframe in which that will be accomplished. Here are some relevant details about Chapter 13 bankruptcy:

• There is no forced liquidation of assets
• The repayment plan may be for a period of 3-5 years
• You must be continually employed to qualify

Contact Us

To learn more about your options as you seek to do the responsible thing with your finances, contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C., at 480-829-0494.