The Consequences of Being Unable to Pay

To most people, it goes without saying that if you had the ability to repay your debts and to pay your bills in a timely manner, you would. But life’s unpredictability and occasional difficulties can complicate even the most genuine desire to remain current with one’s financial obligations.

While some of your creditors may have demonstrated a willingness to acknowledge your struggles and to establish new arrangements that are more flexible, most will not. Even when they do, it is important to remember that they are looking out for their own business interests, so you should be certain that you are really receiving a favorable agreement before committing to anything.

The Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. are dedicated to helping individuals, families, and businesses that are at risk of crumbling under the weight of financial pressures. When your creditors are all allied against you, you should have a legal representative whom you can trust. Contact us at 480-829-0494.

Threats and Actions

The power that creditors and service providers have to penalize you for your failure to pay your debts timely most typically depends upon the nature of the debt itself. Regardless, though, you can be assured that they will exercise the full extent of their legally entitled actions in pursuit of the monies owed to them. Potential consequences of the inability to pay may include:

• Wage garnishments
• Securing of default judgments in court
• Filing liens against you or your property
• Seizure of assets
• Termination of utility services
• Legal action to recover debts
• Reporting to external collections agency

Contact Us

Living with all these threats directed at you can be demoralizing and may result in deteriorating physical, emotional, and social health. Take action and put an end to the distress. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, L.L.C. today at 480-829-0494.