Any normal person niether wants to or predicts that one day they might have to file for bankruptcy. Even people who aspire for success in life such as, real estate moguls and famous singers have ended up bankrupt. Do the names Donald Trump or Toni Braxton ring any bells? In fact, Braxton filed for chapter 7 for the second time last week. Donald Trump has always been personally successful, however some of the businesses he has owned have filed for bankruptcy protection. Many individuals, including Trump (well his businesses) and Toni have to go through the bankruptcy process in order to regain their financial credit.
How does one come to the realization that they need to file? Well ask yourself these questions: Are you receiving more phone calls from collectors than from friends and family? Do you get more bills around the holidays than you do greeting cards? Was the first phone call you got on your birthday from your credit card company? If you are dealing with these horrific creditor harrassment calls, it may be time to think about a bankruptcy consultation. Bankrutpcy planning is extremely important and nipping the problem in the bud can make matters so much easier on you in the future. You may avoid pesky lawsuits, reposession, foreclosure and many other reprocussions of falling behind on your financial obligations.
Now, it may be possible to avoid an Arizona bankruptcy by cutting back your expenses and redirecting your fund source to repay creditors. Some of you have tried debt settlement, rearranging funds, selling belongings, asking friends and family for help. There are ways to avoid bankruptcy, but it is important to consult with a bankruptcy attorney prior to making any of these decisions. For most of us though, by the time we are on a first name basis with our creditors, we have passed up this option.
Think of bankruptcy as the root canal you need but never wanted, it will hurt for a bit but then you’ll be done and can hopefully walk away and never look back. After surrendering to the inevitable you will be able to enjoy life and start fresh. There is hope in bankruptcy for anyone.
Remember that meeting with an experienced Tucson bankruptcy attorney about your options is free. He or she will help you make the difficult decisions and handle the process for you – just as a dentist helps you with the root canal pain, a bankruptcy attorney is there to show you the way and help the process be smooth and painless.
My name is Stephen Trezza and I am a Tucson bankruptcy attorney. I have been based in Tucson, Arizona since 1992 and I specialize in chapter 7 and chapter 13 bankruptcy cases. I have been awarded a "Superb" rating by Avvo and an "A" rating by the BBB. I have been President of the Tucson Association of Consumer Bankruptcy Attorneys 2011, 2012 and 2013.
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