Bankruptcy Information | Denver Colorado | Lawyer Jonathan Shultz
If you are faced with mounting debt and hassled by creditor calls, you may be wondering if you should consider bankruptcy as a solution to your financial problems. Before you rush out and file for bankruptcy, you may want to look into bankruptcy alternatives. In addition, you should determine whether the benefits of filing for bankruptcy outweigh the negative effects bankruptcy might have on your credit report. When making such an important decision about your future, it is important to get expert advice. A qualified Colorado bankruptcy attorney can review bankruptcy alternatives and options with you and recommend the most appropriate action based upon your specific circumstances.
When You Should Consider Bankruptcy
In some situations, individuals may be unable to get out of debt without filing for bankruptcy. Here are some situations in which you should consider bankruptcy for debt relief:
You have been unsuccessful in negotiating with your creditors to repay your debts.
You have been unable to repay your debts by working with a consumer credit counseling agency.
You lost your job or source of income.
You have a high level of unsecured debt, such as medical bills or credit card bills.
You want to avoid foreclosure on your house.