When creditors are hounding you constantly and your income is being garnished for judgments, it can be a very stressful and difficult time. Severe financial pressure can adversely affect every aspect of your life. Many people struggle for months and even years paying minimum credit card balances with no plan or even hope of escaping the financial pressure. Some people simply fail to realize there is a way to relieve their prolonged financial crisis while others are afraid to ask for help. The reality is that many people suffer under financial hardships for prolonged periods that could be resolved in a very short period. Our Tempe bankruptcy attorneys are here to help guide you towards a more stable financial future.
Even though a record number of Americans are seeking bankruptcy relief, some people in Tempe and throughout Arizona still feel “funny” about filing for bankruptcy. These feelings are often based on a sense of guilt that one is not “living up to one’s responsibilities.” When millionaires and future presidential candidates (i.e., Donald Trump) obtain bankruptcy protection on multiple occasions, however, the notion that bankruptcy is somehow wrong is both outdated and misguided. Bankruptcy is a legitimate financial asset protection strategy firmly rooted in the history and tradition of the U.S. dating back to our founding fathers. More importantly, it is increasingly an essential option for many people trying to protect their homes and preserve the financial future of their family.
At Stone Rose Law, we are committed to helping people in and around Tempe whose lives have spun out of control reclaim their financial future. We know that people of all income levels, socioeconomic status and backgrounds can find themselves hopelessly buried in debt and facing negative home equity as they fall behind on their home. No one is immune including millionaire businessmen, professional athletes, and Hollywood celebrities. There are many reasons that people file bankruptcy including:
The important point is that in an increasing number of bankruptcy cases is neither the result of sudden unanticipated circumstances like job loss and serious illness nor the result or poor financial budgeting or planning. The need to file for bankruptcy is the result of an economy that is increasingly placing the financial squeeze on more and more families. The average American family spends about one-third of their total income on housing which is a 100% increase over what families spent in 1960 when the average amount spent on housing was a mere 14.6 percent of a family’s household income. This decrease in the standard of living for many has resulted in 40 percent of all Americans spending more than they earn. The upshot of this is that 1.5 million people must file bankruptcy annually, which amounts to over 6,000 bankruptcy filings per day. The bottom line is that if you are feeling financially overwhelmed and unable to cope financially you are in very good company.
At Stone Rose Law, we are available to answer questions and explain the financial options for residents throughout the Tempe area. We have helped many people keep their homes and substantially reduce their financial obligations to increase their standard of living and protect their financial future. Our experienced attorneys are available to provide customized solutions to your financial problems including filing a Chapter 7 or Chapter 13 Bankruptcy in Tempe. Call us today at 480-498-8998 or contact us online to set up an initial consultation with our team.