Shouldn't I Repay My Debts?

Addressing Concerns About the Ethics of Bankruptcy

Many people avoid bankruptcy because they believe they have an ethical obligation to repay their debts. You may feel that filing bankruptcy means you are "taking the easy way out" and that you really should repay your debts. Remember that bankruptcy law was established to protect consumers and business owners from overwhelming debt. It also provides an opportunity for personal and widespread economic growth in the future.

At the Arizona Bankruptcy Center, our attorneys understand the financial challenges you face, as well as the reservations you may personally have about filing bankruptcy. We will take the time to answer your questions, explore your options and determine whether bankruptcy is right for you.

Should I Continue to Pay Creditors?

Of course, if you have the income and can repay your debts, you should. However, most people seeking bankruptcy have come up against unforeseeable events or are in situations that they cannot recover from financially. You may have suffered an injury, job loss or divorce that has left you unable to pay off your debts. Or your debt balances may have simply gotten out of control. Take care of your family, your education and your retirement before worrying about the banks. If you file bankruptcy, the banks will recover. If you don't, your family may suffer.

Contact Our Arizona Bankruptcy Lawyers for a Free Consultation

If you have questions about debt repayment or are ready for a fresh financial start, contact our attorneys by calling us toll free at 866-780-4855. You can also submit a question or arrange a free consultation by e-mailing us directly from our website.