Regular Post
Written by Canterbury Law Group

Dealing With the Emotions of Bankruptcy

For many, accepting the fact that their finances are beyond their control and that bankruptcy is the only option is challenging. The thing is, though, bankruptcy should not be looked at as the end of the world.

Filing for bankruptcy is a way of admitting that you need help with your finances, and are willing to put in the work to regain control. However, the word bankruptcy still has a negative connotation to it. With that can come the stress on your mental and emotional well-being.

When going through bankruptcy, it is important that you remain as strong as you can. That is why we have the following six tips to help you deal with your emotions while going through bankruptcy.

Realize You Are Not the Only One

Filing for bankruptcy can be a blow to the ego. Your debt got out of hand to the point that there was nothing more you could do to control it. It can negatively affect your mental well being. The last thing you need, though, is for you to be hard on yourself which will only make you suffer even more.

Understand that you are not alone. Many people go through a bankruptcy claim, and many of them come out better after it’s all said and done. Look at a bankruptcy claim as a step you’ve taken to regain control of your finances, and not that you’ve given up. The truth is, you haven’t given up by taking this path because it’s only the first step of many that you’ll be taking to get out of debt.

Speak With Your Attorney

Your bankruptcy attorney is there to answer all of your questions and to guide you through the bankruptcy processes. By going with the top bankruptcy attorney in Scottsdale, they know how difficult a bankruptcy claim can be on someone’s mental well being. A good attorney will be compassionate and understanding, all while not allowing you to give up mentally and emotionally.

Lean on Family and Friends

Even if you want to keep your bankruptcy claim very private, it is still beneficial to have someone you trust to lean on. A close friend or family member will be able to listen to your problems and give you a shoulder to cry on. Take advantage of this as to avoid bottling everything inside.

Educate Yourself on Finances

After filing for bankruptcy, it’s a good idea to start reading up on what you can about finances and recovering from bankruptcy. Financial education will help you through your bankruptcy journey, as well as prevent you from ending up where you were before all of this. 

Seek Counseling

If you find that bankruptcy has taken an extreme toll on your mental health, seeking out counseling services is a good idea. These trained professionals can listen to your problems, and give you advice and coping mechanisms that will help you make it through bankruptcy.

Volunteer

For some, keeping their mind busy will help clear their head and stop thinking about bankruptcy for a moment. Going out and volunteering is an excellent way to do this. Volunteering is a way to lift your spirits by doing something good for someone else.

bankruptcy, bankruptcy attorneys, Fighting a Bankruptcy Case, Filing Bankruptcy in Scottsdale
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Regular Post
Written by Canterbury Law Group

Moving Forward After Filing for Bankruptcy

Filing for bankruptcy is not something families want to do. Unfortunately, though, it is something many American’s have to do.

Filing for bankruptcy is not the end of the world. In reality, it is actually the opposite for many people. It can be looked at as a fresh start with finances, and a way to plan your path to financial freedom. However, it isn’t as easy as it sounds. After filing for bankruptcy, it takes a lot of time and dedication to continue moving forward. Bankruptcy is not a quick fix and is a decision that must be taken seriously.

For some, when the possibility of bankruptcy is an option, the question of how to move forward afterward will come up. With our bankruptcy help in Scottsdale, and along with some of the following tips, we will help you move on with your life after claiming bankruptcy.

Keep Paying Any Reaffirmed Debts

Some debts can survive bankruptcy, which means you will still have to pay them down. There are loans which are entitled to the value of the collateral. This means you will still be required to make the payments agreed upon in the original loan documents.

It would help if you didn’t look at these reaffirmed debts at as something negative. As long as you continue to make your payments on time, the reaffirmed debts can help you rebuild your future credit score.

Use a Secured Credit Card

Continuing with life without a credit card can be challenging. Many companies require a credit card before making a reservation, renting something, or even trying to purchase an item.

Using a credit card is what also helps build and improve your credit rating. A good credit score will allow you to apply for loans and mortgages, whereas a negative credit score is likely to get you denied. However, if you have a poor credit score or went through the bankruptcy process, it could be difficult to obtain one.

A secured credit card is something you should consider using after going through bankruptcy. These credit cards a basically pre-paid cards. You must deposit money into the card account before making any purchases with the card. The money is used as collateral; therefore you can only spend up to what you deposited. You can, though, deposit more to increase your credit, or even be rewarded an increased credit line from the bank.

Avoid Building Debt

One of the best things to do after applying for bankruptcy is avoiding what got you there in the first place. Try not to accumulate any new debt. Keep paying all of your bills on time. Create a budget to help you keep your spending in check, as to not spend more than what you’re earning. The more you can do to keep your cash flow higher than your expenses, the better chance you have of avoiding any more debt.

Don’t let bankruptcy be the end of your finances and your life. Although it will require work on your part, you should think of it as a fresh start to help you get your finances under control. By committing to it, you’ll be able to repair your credit score, pay off all of your loans, and work your way towards financial freedom.

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Regular Post
Written by Canterbury Law Group

5 Factors That Can Spark a Divorce

When a couple gets married, chances are they aren’t planning to get divorced down the road. Unfortunately, divorce is quite common in the United States. It is a stressful and sometimes quite painful time for both parties involved.

There are many factors that can contribute to a divorce. Some have warning signs in which you and your partner can work on. Others, however, are out of your control and are the result of an unfortunate circumstance.

The Canterbury Law Group, your divorce lawyer in Scottsdale, came up with a list of some of the top factors that can spark a divorce.

Lack of Communication

The lack of communication in a marriage is typically at the top of any list when it comes to divorce. Having good communication is critical in any relationship, but especially in a marriage. Without communication, it is hard to tell what your spouse is thinking, how he or she is feeling, and the two of you need to address any concerns.

High Expectations

Another common factor in a divorce is when one partner has too high of expectations for the other. Whether it be due to finances, household chores, or making someone happy, if a spouse has unrealistic expectations of their partner, it can generate many issues. If someone feels like they can never be good enough for the other person, it can result in them being unhappy and inevitably wanting out of the marriage.

Finances

Money is another significant factor in a divorce. If both partners are not on the same page with their finances, it can lead to a lot of trouble down the road. If one spouse wants to keep spending on expensive items, but the other one wants to save for the future, the two of them are bound to clash. Having opposing views with finances can lead right to divorce.

Lack of Intimacy

Intimacy in a marriage is essential for staying close to one another. Having intimacy in a marriage means both physical and emotional. If one partner starts to withdraw from the other and it never gets fixed, it could lead to divorce. Having that strong physical and emotional connection will help keep a couple strong and connected.

Wrong From the Start

In some circumstances, the marriage may have ended the moment it started. Marrying for the wrong reasons (for money or something other than love and having a connection), will likely lead to divorce sometime down the road. For a successful marriage, it is essential that the person you choose is someone you genuinely want to be with for the rest of your life. If there is a hesitation, it could be a sign that it may not be the right person for you.

Marriages will have their problems at one point or another. However, that doesn’t mean a divorce will happen. Depending on how the couple handles martial problems and works to get past them, that will likely determine if a divorce is in the near future or not.

Spending quality time with each other, having those emotional and physical moments will help keep the connecting between both partners thriving. Communicating with one another will help to overcome issues before the turn into something more extreme.

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Keep Your Credit – Avoid Bankruptcy

Debt is scary. When you open up your account and see that you owe more money than you can spare, it can quickly become overwhelming. Sometimes, the stress leads one to believe that the only remaining option is to file for bankruptcy.

Although bankruptcy doesn’t have to be the end of the world, it is best to leave it as a last resort option. If you can no longer pay any of your debt and have done all that you can to try and get afloat, bankruptcy may be your only option and ironically, the best option.

Before you make your decision, see if there are any other things you can do before calling for bankruptcy help in Scottsdale.

Sell, Sell, and Sell Some More

When the word bankruptcy comes to mind when you look at your finances, that is when you know you need to take immediate legal action. See what you have that you can afford to live without and sell it. The more quick cash you can bring it, the more debt you can pay off and avoid filing for bankruptcy.  But do not do anything until you seek counseled advice from licensed bankruptcy lawyers.

Bring in More Money

See if there are ways that you can bring in more money each month. That additional income could go straight to your debt to pay it off quicker. There are many side-gig jobs available that will pay a decent wage. Whether it be a skill you have that you can teach to children, or are crafty and can sell items, there are lots of little things you can do for extra cash.

Crack Down on Your Spending

If you still have a bit of time before you have no choice but to file for bankruptcy, sit down and go through your spending habits. See where you can make cuts and by how much. Set up a budget based on your monthly income, and try to get as much money going into your debt as possible.  But do not do any of this until speaking to a licensed bankruptcy lawyer who can and will help you map it all out in advance—do not guess on the right steps, let your lawyer show you the actual steps to make as you go.  This feels better, a lot better, as you go.

Ask for Help

There is no shame in bankruptcy.  The President of the United States has done it. It is so easy to get ourselves into debt, and so hard to get out of it. Maybe all you need is a small loan from a family member to get your payments back on schedule. Asking for help from family, friends, and professional financial people can help keep you on track to avoid bankruptcy.  Your lawyers too will show a way out.

If you’ve done all you can and bankruptcy is your only hope, do not fret. Bankruptcy does not mean the end. Although it will affect your credit score, you can then get yourself back on your feet and start over.  Your bankruptcy attorneys will show you through the tunnel to the next and hopeful life phase beyond discharge.

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Written by Canterbury Law Group

Wanting to Be a Lawyer? These Qualities Will Help You

With every job, certain traits and qualities will help you succeed. Whether it be schooling, training, or having a natural position ability, the more merits you possess that are specific to your job, the better you can be.

A lawyer is no exception to this. There is more to just knowing the rules of law to be a successful lawyer. Your divorce attorney in Scottsdale has some advice for those who are wanting to become a lawyer.

Excellent Communication Skills

A lawyer must be able to deliver high-level communications. Good lawyers are also excellent listeners. Part of the job will be to stand up for your client, sometimes speaking for them. Public speaking skills will help aide any time you are in front of a judge, jury, or entire courtroom.

Your communication skills do not stop at verbal communication. Being able to clearly and persuasively write will be a strong asset too. There will come moments when you must draft challenging legal documents. Those documents must be as concise and easy to read.

Research Skills

There will be a lot of research happening behind the scenes before you really begin moving forward with your client. Why? Because you should know the ins and outs of the entire situation, including past examples from old cases.

The more research you can do, the better it will be for your legal clients. Having good research skills will help this process go quicker and smoother, and ensure you are getting accurate and concise information.

People Skills

No matter how much you excelled at school, you need to have people skills to be a successful lawyer. Your job revolves around people’s day to day lives. You may have to speak on behalf of a client, be face to face with the opposition, or just having to stand up in front of a large crowd.  Having good people skills will benefit you as a lawyer.

Problem-Solving Skills

Having excellent problem-solving skills is vital for a lawyer. There will come moments when you may need to be creative in finding a solution or the answer you need. Being able to think on your feet and quickly assess a situation and find a solution will be critical for a lawyer.

Perseverance

A good lawyer sticks with it until the end, no matter what, even if it ends up being a losing battle. The job can get exhausting after a while, but a successful lawyer is in it for the long haul.

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Regular Post
Written by Canterbury Law Group

Removing the Bankruptcy Stigmas

When you’re talking about bankruptcy, it can be a scary conversation. Unfortunately, there is still a negative stigma around filing for bankruptcy, even if it the best solution for those considering this solution.

The bankruptcy stigma comes in a variety of themes. You may be worried about how your friends and family will react when they hear you talk about bankruptcy. It can also be challenging to get a credit card, or even get one at all, which can give you an unsettling feeling.

If the stigma is what is holding you back from claiming bankruptcy and you know it is the best decision for you, disregard these issues. Remember that thousands of people have gone through the same thing and they come out on top after it all.  As mom and dad said, “this too, shall end.”

Social Bankruptcy Stigmas

One of the hardest stigmas to overcome with bankruptcy is the concern of what people will think of you. Chances are there are people you know that have gone through the same situation you are in right now. Although bankruptcy cases are a “public” courthouse matter, typically people do not go out searching to see who filed for bankruptcy. Plus, you can keep it as private as you want.  Don’t ask, don’t tell—virtually nobody will even know you went through this cleansing and liberating process.

Emotional Stigma

If you find yourself feeling guilty for filing for bankruptcy, again, it is more than okay. The federal government offers bankruptcy for a reason—people deserve a second chance.  Big time.  Lots of the time, people who claim bankruptcy had no other choice and did everything they could. Many factors are outside of your control contribute, including the local and national economy. So, if you have guilt for not paying your bills as you should be, that doesn’t make you any less responsible.  You have done your best, you will do your best again.

Financial Stigma

The social and emotional stigma with bankruptcy is something that you can and will keep private, or seek counseling to help you through. Unfortunately, the financial stigma around bankruptcy is one that need not be inevitable. When you claim bankruptcy, your credit score goes down for only a short time—it will skyrocket later. It will be initially more difficult to get credit for things like a home or car loan. The good news, though, is that you can work your way back to a high credit score and remove the stigma altogether.  Most post-discharge consumers find themselves normalized on credit and their lives within a few years.

It’s the Best Option

In the end, it’s important to remember the benefits of claiming bankruptcy in your situation over the stigmas around it. Bankruptcy came to be as a safety net for those who need help getting back to a level of life they can survive in.

If you are thinking about bankruptcy, speak with the top bankruptcy attorney in Scottsdale to help you through the process.

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Regular Post
Written by Canterbury Law Group

6 Ways to Help Your Kids Cope Through a Divorce

A divorce is not something you plan for when getting married. Unfortunately, many families face divorce at some point. Going through a divorce can be highly stressful for both parties involved, children especially.

Every divorce will affect kids in some way, whether it be through sadness, anger, frustration, or even worrying. However, as their parents, you can help your children cope with the divorce process so that they use this as a growing experience.

Talking with your divorce lawyer in Scottsdale will help to give you the best advice for your situation. There are also the following top six tips that you can use to help your children cope with a divorce.

Inform the Kids of the Divorce

It’s not an easy conversation to have, but it is essential to talk to your children about the divorce. They’ll need to know that mom and dad will be living apart. Explain why you made this decision and that it was never caused by them. Keep the conversation appropriate for the age, temperament, and maturity of the child. Stay positive, stay optimistic—do not drench the children in negativity.  To the contrary, tell them they have a new optimistic life ahead.

Let Them Speak

It’s important that kids can express how they feel in these types of situations. This will mean the parents, both if possible, sit down and listen to them and acknowledge their feelings. If they are struggling, help them put how they feel into words.  Provide the children with counseling if needed.  They must repair their internal feelings immediately to avoid long-term emotional scarring.

Be Their Support System

Although you’ll have so many things going on in your life with a divorce, it’s crucial that you remain a strong support system for your children. Be there for them, talk to them, ask what will help them feel better.  Do NOT complain about the divorce, or your spouse, or the lawyers or the court—these kids have enough to deal with if you must vent, do so with capable adults, not your own children.

Keep Your Emotions in Check

If your children see you upset or stressed out, it will start to seriously affect them. As their primary emotional support system, trying to be as calm and collected as possible will be more beneficial in helping your children cope with the divorce. Approaching the situation angry and frustrated will only get them agitated.  Vent your deeper feelings on your own time, in your own space, and not within the sight line of your kids.

Be Kind to Each Other

Kids hear, see, and remember almost everything. You would be shocked to walk in their shoes for 24 hours.  If they see you and your partner actively arguing, or if you’re speaking poorly about your life partner when they’re not around, there’s a good chance that they’ll pick up on these things. Being kind and civil to each other will help prevent putting your kids in a difficult situation, or feeling like they need to choose sides.  Take the high road.  Stay silent when the kids are in the room and handle your “adult business” only with adults in the room.

Reassure They Are Loved

In the end, it’s important to reassure your kids that they are always loved by both parents no matter the divorce outcome. Explain the new living arrangements and express that while you’re with one parent, the other parent still loves them.  Money and property rights come and go, your children are the bedrock of your life today and into the future.

Divorce & Legal Separation, Divorce Attorney, Divorced Parents, Family Law, Family Law help in Scottsdale
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Five Ways to Keep Your Marriage Alive and Well

There is absolutely no doubt that sustaining a healthy marriage is a challenging feat. Having said that, there is a myriad of things that you can do to maintain a happy and flourishing marriage. Divorce attorneys in Scottsdale recommend considering the following points about maintaining a lively and happy marriage.

Find your bliss

While you and your spouse love each other, you (and only you) are the one driving your happiness. Thus, you should never place that responsibility on your significant other. Take time to understand what makes you happy and what makes you tick.

Take it one day at a time

You should be both honored and ecstatic to be in a loving marriage. As a result, it takes work (on a daily basis) to maintain that fire. It’s important for the two of you to take a few minutes out of each day to express your affection towards one another. Whatever you both deem as intimate should be brought to the forefront each and every day. Ultimately, you should think of this as a daily practice.

Be in the same lane

One of the most critical components of a relationship is making sure that you’re both on the same page when it comes to a variety of issues/topics. Rushing into an engagement without similar outlooks can lead to trouble.

At times, divorce is the answer

While some people refuse to admit that divorce is the best solution, others understand if/when it’s necessary. After all, there really is no reason for everyone to be upset. Think about how much happier people would be if you removed yourself from the equation.

Other times, divorce is not the answer

It is absolutely critical to understand the difference between employing divorce as a means to avoid conflict and a way to legitimately make a situation better. Don’t be one of those people who gets divorced for all of the wrong reasons.

Family Law, Family Law Attorney, Family Law help in Scottsdale, Marriage
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Three Leading Causes of Divorce

You may or may not be surprised to learn that the divorce rate in the U.S. has been around 50% for many years. While there is a myriad of reasons as to why divorces can occur, there generally are commonalities between all divorce cases. In many instances, money and finances can cause a lot of distress. Ultimately, if we can solve our issues with finances, many people would be able to avoid divorces. Top Divorce attorneys in Scottsdale recommend paying attention to the following list of three of the most common money problems in a marriage along with some solutions that can help get you back on the right track.

Financial Secrets

It’s in your best interest to never hide money from your spouse. Finding out about a secret stash of money can lead to mistrust. Ultimately, this will impact other areas of the marriage.

Solution

Do not keep secrets from your significant other. It’s important to be entirely transparent, which builds trust and fosters love.

Weak Communication

It’s absolutely imperative to have a strong foundation for communication with your spouse. Couples who do not talk about their finances will inevitably experience trouble sooner rather than later. Ultimately, you should seek to establish trust with each other. Once you have this, it’s okay to relinquish the financial management role to one partner over the other.

Solution

You should set up regular meetings with your spouse to discusses finances. For example, talking about mutual access to online bank accounts will only help your marriage.

Not Enough Savings

It is no surprise that many American families have under one thousand dollars in savings. Think about it: with no money in the bank, you will undergo stress.

Solution

There is no question that you have to generate and save money for unforeseen expenses. You should have separate savings account devoted to just this.

Divorce & Legal Separation, Divorce Attorney, Divorce attorneys Scottsdale
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Three Tips to Stop Stressing About Money

Although it may seem like the answer to many of your problems, having more money will not magically solve your financial woes. Sure, earning more money can certainly help your situation, but it is not the be all end all. Ultimately, you will experience a degree of stress regardless of how much money you make. While stress may never be eliminated entirely, you can take steps to reduce it as much as possible. Bankruptcy lawyers in Scottsdale recommend using the following three tips to quit stressing.

Find a side gig

Living paycheck-to-paycheck is never easy and the inability to save money can lead to worry and financial stress. In order to avoid this, think about ways to earn extra dollars, such as finding a higher paying job or an awesome side gig. Sustaining multiple sources of income is essentially like an insurance policy; it helps you not only pay the bills but also have reliable income if you lose another job.

Be in the know

Understanding the nature of your finances is critical. Failure to stay up-to-date with your money will exacerbate your financial distress. Thus, opening and addressing mail immediately is important. Not only that, you should maintain a calendar so you know and understand when things are due. If you are having a difficult time paying your bills, find a financial advisor or creditor to help you.

Cut your expenses

There is no doubt that overspending will lead to a diminished savings account and an increased balance on your debts. Not to mention, this all has a significant impact on your level of anxiety. You should take some time to eliminate unnecessary expenses. Consider your mortgage, for example. Ultimately, you should keep your mortgage or rent payment to less than 25% of your gross income.

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