The Danger of Speculative Investment

The difference between a successful, wealthy entrepreneur and an individual who is struggling to pay off debts or keep pace with basic living expenses is sometimes only a single misjudgment. During the last decade, speculative real estate investment exploded all across the Southwest as profit-driven investors attempted to seize upon the dramatic population growth and, in some cases, gambled too heavily that it would continue. The consequences for the economy at large have been severe, but ill-timed or poorly considered investments have served to shut the doors of many small businesses and have derailed many individuals and families.

If you are scrambling to make payments not only on your investment properties but also on your place of residence or business then now may be the time to consider filing for bankruptcy. A successful bankruptcy filing may afford you the opportunity to reorganize your debts or can save your home from foreclosure. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC, at 480-829-0494 to learn more about your options.

Debts Which May Be Cleared By Bankruptcy

The bankruptcy process can be both confusing and intimidating to a person who has not been through it before. Determining what debts might be forgiven and which ones will not is a critical step in evaluating whether bankruptcy will be beneficial in your particular situation. The following are debts that may be dischargeable through bankruptcy, depending on your individual circumstances:

• Medical debts
• Lease penalties
• Many business debts
• Personal loans

Contact Us

Let us help you to prevent falling further behind. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC, at 480-829-0494 for more information about the potential benefits of a bankruptcy filing.