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Anthony W. Clark, Attorney and Counselor - Phoenix Bankruptcy Services Since 1994Phoenix Mesa Peoria Maricopa Arizona - Click to Call - iPhone® and Android™
Everyone faces financial challenges, just like we all catch a cold now and then. When financial challenges become economic threats, it's time to get help, just like when your common cold turns into pneumonia. And large medical debts and hospital bills from a sudden illness or injury are common reasons why people end up with debts that are difficult or impossible to deal with. When trouble paying your credit cards turns into a law suit against you, soon the credit card company will start garnishing money out of your paycheck or your bank account. Interest and collection costs make the debts mushroom into amounts that are impossible for you to pay while struggling to pay your living expenses. Before you know it, you have trouble paying for the basics, like housing, food and transportation.
If you tried to modify your mortgage but couldn't, your mortgage company might be demanding an amount of money that you simply have no chance of paying, and then they schedule a foreclosure (trustee sale). And if you fail to make payments on a car loan, you might wake up one morning and find the vehicle has been repossessed and is headed for the auction block. When debt problems get out of control, Bankrupcty allows you to adjust and eliminate certain debts under Federal Law known as The Bankruptcy Code. Bankruptcy Court protection stops creditors from taking action against property, like wage garnishments, repossession and foreclosure, and the protection goes into effect the minute your case is filed with the Court.
In emergencies, we can file your case 24 hours a day, 365 days a year. How long it takes to file the case is just a matter of how soon you complete the credit briefing, make fee arrangements, and provide the information needed to prepare your documents. Since we know money is tight, we keep attorneys fees and expenses to a minimum.
When your Petition for Relief (a three page document) is filed with the Clerk of the Court, it becomes illegal for any creditor to call you, write you, sue you or take any action against you to collect a debt, except child support, alimony and criminal restitution. It's also illegal for creditors to attach wages and interfere with property of your bankruptcy estate, so repossession, garnishment and foreclosure all stop as of the date and time of filing.
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