Understanding Bankruptcy Legal Jargon
If you are facing serious financial difficulty and are unable to pay your monthly bills, you may want to consider filing for bankruptcy so you can have a fresh financial start. While researching bankruptcy, you may come across many terms you do not understand. Bankruptcy jargon can be very confusing and lawyers tend to use many terms that aren’t in everyday conversation. By hiring a qualified legal representative they can explain your options and make sure you understand the terminology used by bankruptcy court systems.
This can be a very trying time in your life, but you do not have to go through it alone. Contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC today at 480-829-0494 and schedule a free consultation to discuss your options for getting out of debt.
Understanding Legal Terms
When consulting with a qualified attorney, you can have him or her help explain the details of your case as well as any terms you are unfamiliar with. Some common bankruptcy phrases and jargon you may not understand includes:
- Dischargeable debts – these are the debts that can be eliminated by filing for bankruptcy.
- Arrears – this is the total amount of unpaid or overdue bills at the moment you file for bankruptcy
- Secured debt – any debt where the creditor ceases personal property for collateral
Don’t let confusion with terminology stop you from getting the fresh start you need after a tough financial period.
Contact Us
Contact the Arizona bankruptcy lawyers of the Harmon Law Office, LLC today at 480-829-0494 and let us make sure you understand your bankruptcy case.