Financial Distress and Marriage
Nurturing and sustaining a marriage represents a challenge under the best of circumstances. When intense, prolonged financial distress is a part of a couple’s life together, the statistics seem to suggest that the union is likely to end in divorce. It is estimated that more than half of all divorce proceedings are motivated at least in part due to economic concerns. While in some instances this may include one party’s misrepresentation of debts, assets, and actions to the other, this is not always a necessary element to cause a fragile relationship to break.
If you and your spouse are feeling as if your marriage may be fraying due to lingering and seemingly unconquerable financial obligations, you may find that the greatest relief comes from a successful bankruptcy filing and not the initiation of a painful divorce. To learn more about the possible advantages of bankruptcy, contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. at 480-829-0494.
Bankruptcy Benefits
There are many crippling misconceptions about bankruptcy that prevent debtors from seeking an effective, lawful, and permanent resolution to their financial difficulties. Scheduling a free initial consultation with a skilled and experienced bankruptcy attorney might help to rid you of any of these incorrect notions and can help you better appreciate how bankruptcy might help you and your spouse. The following are some of the potential benefits of a bankruptcy filing:
- Permanent discharge/forgiveness of some debts
- Offering a small business the opportunity to restructure its debts and to reorganize its model
- Access to improved lending terms through bankruptcy renegotiation
- Beginning the process of rebuilding and repairing a damaged credit score
Contact Us
We understand the toll that financial disharmony can take on all aspects of your life and offer the compassionate legal counsel that you need to sort fact from fiction and to move forward. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. at 480-829-0494 to discuss what we can do to help you.