Eric Ollason, Attorney at Law

When seeking legal representation for a bankruptcy matter, you know it is important to work with a knowledgeable professional who is committed to helping you get a fresh financial start. Eric Ollason is a Tucson bankruptcy attorney who focuses on bankruptcy law because he is passionate about helping his clients succeed. Our Tucson bankruptcy law firm has been serving clients for almost two decades. We will help you understand the law and guide you through the bankruptcy process. Our clients enjoy favorable outcomes by working with our experienced Tucson bankruptcy lawyer. Mr. Ollason provides the details necessary to help you make informed decisions about your financial future. At our Tucson bankruptcy law firm, we are dedicated to bankruptcy law because our team believes everyone deserves the opportunity for a fresh start after going through hard financial times. You can trust us to deliver skilled legal services whether you are looking into options for individual, business, or other types of bankruptcy. Overview of Bankruptcy Laws Depending on the specific type of bankruptcy and your eligibility, this process enables you to eliminate or pay down your debt. When you are living under the crushing burden of debt, it can be tough to overcome. At the same time, you may be getting harassing calls from creditors. Bankruptcy may be a wise option if your debt has left you with a feeling of dread and hopelessness. By eliminating or restructuring your debt through bankruptcy, you can take control of your financial future. Both individuals and business entities get a clean financial slate, contributing to the economy with improved spending power. Who is Eligible to File for Bankruptcy in Arizona? Under the bankruptcy laws in Arizona, you may qualify to file for different forms of bankruptcy if you meet the statutory criteria. It is possible that you will be eligible for one type and not another. Our Tucson bankruptcy attorney can explain the requirements and consult with you on your different options. It is understandable that you will have concerns and questions about bankruptcy because it is an important step in your financial life. You can trust an Arizona bankruptcy lawyer to be considerate about your circumstances, as we support you in navigating state and federal bankruptcy proceedings. The U.S. Bankruptcy Code is the primary statute that dictates eligibility rules, procedures, and all aspects of a bankruptcy case. At the same time, there are some specific provisions that are unique to bankruptcy cases in Arizona. The body of laws and regulations is complicated, so you may not be successful in discharging or reducing your debt if you try to represent yourself. Our Tucson bankruptcy team can assist with refiling as necessary, and we are ready to step in if you just recently filed. It is smart to retain an Arizona bankruptcy lawyer as early as possible so you have guidance with preparations to file, as well. Learn the Benefits of Filing Bankruptcy in Arizona There are numerous advantages to going through the bankruptcy process for businesses, individuals, families, and the public as a whole. Some of the most important benefits of filing for bankruptcy in Tucson include the following: Upon filing your documents, the court issues an automatic stay on creditors. Companies cannot seek payment or take legal action until your debt has been discharged or you work out a repayment plan. You will experience less stress and anxiety since you will not be juggling multiple creditors. They are prohibited from contacting you, so you no longer be subjected to threats. You are protected from suits and legal proceedings to collect a debt for non-payment. Depending on your eligibility and the type of bankruptcy that suits your needs, it is possible to protect certain assets. For instance, you can prevent foreclosure on your family home or repossession of your car. At the conclusion of the bankruptcy process, your debts will be discharged, or you will repay less than what you owe through a repayment plan. The results of a bankruptcy case are final, so creditors cannot come forward to attempt collection. You and your family have a clean slate, and you can begin rebuilding your credit. When individuals or legal entities discharge a debt or re-organize it through a repayment plan, they free spending power. The outrageous late fees and interest rates are eliminated. From a societal point of view, these individuals and businesses have more to invest in the economy. For additional details on whether you qualify to file bankruptcy in Arizona, please contact a knowledgeable Tucson bankruptcy attorney to schedule a free financial assessment. Are There Debts That Cannot Be Discharged by Filing Bankruptcy in Arizona? Bankruptcy laws are strict on the types of debts that you cannot discharge or reorganize if you file for bankruptcy in Tucson. It is critical to know what does not qualify for the process. Under Section 523 of the US Bankruptcy Code that covers exceptions to discharge, filing for bankruptcy will not eliminate or reduce debts incurred in connection with: Nonpayment of child support Tax liens Fraudulent statements or transactions Court fines