Bankruptcy, to many people, is a scary word. It means admitting that you can’t fix your finances on your own, and it means that you’ll have a bankruptcy on your credit history for many years, making it harder to get approved for loans. However, a bankruptcy is not scary, and might be just what you need to turn your finances around and get out of debt. When used correctly, it can be a great asset. To start off, you’re going to want to hire one of the Bankruptcy Lawyers in Colorado Springs for help.
While you don’t need a lawyer to help with a bankruptcy, it is recommended that you hire one. Bankruptcy Lawyers in Colorado Springs have years of experience with bankruptcy, and they can help you ensure you’re filing for the right chapter and that you have everything in order before you file. Mistakes can happen easily if you’re not familiar with the process, and they can lead to complications or to a denial of your bankruptcy claim altogether. This can damage or destroy your chances of successfully completing the bankruptcy process.
In order to file successfully, a bankruptcy lawyer like David M. Koppa will first sit down with you and go through all of your financial statements. This includes your income, monthly bills, mortgage, car payments, bank accounts, and assets and anything else you have that has to do with your current finances. They’ll also go through the debts you own and add up the final total. Once they have a good idea of your finances, they can help you choose the right chapter to file under. They’ll then work with you through the bankruptcy to ensure it’s successful and you complete everything necessary to eliminate your debt.
Filing for bankruptcy is considered scary by many people because they don’t really understand what it is and how it can help. Don’t let this keep you from looking at all of your options for debt relief. If you need help freeing yourself from debts, contact a bankruptcy lawyer today.
