Boulder Life After Bankruptcy Lawyer
The first concern of many people hesitating to file for bankruptcy protection is that others will see them as a failure or judge them for avoiding their valid debts. This is not only an old-fashioned view, but it fails to recognize that even the U.S. Constitution authorizes bankruptcy as a solution to those over their head in debt. Those who declare bankruptcy do not suffer in the eyes of others or themselves.
The next concern is typically the fear that no one will ever lend them money again. Completely false. You can begin rebuilding credit almost immediately, and no record of your bankruptcy will even exist on your credit rating after seven to 10 years. When you discharge debt, your debt-to-income ratio will be immediately improved. The credit available to you will be at a higher interest rate, at first.
The "Upside"
The day you file for bankruptcy protection is the day creditor harassment will stop. Any lawsuit, wage garnishment or other actions stop, and creditors must deal only with your attorney.
With Chapter 13 bankruptcy you may be able to keep your home and other property, provided you can keep up with your payment plan over three to five years. If you qualify for Chapter 7 bankruptcy, you will have a "fresh start" almost immediately. See our page on life after bankruptcy.
Since 1986, St.Clair & Greschler, P.C., has served business and individual clients. We handle business bankruptcy as well as individual bankruptcy.
Schedule Your Initial Consultation Today
Contact our law office today to learn more about our legal services and the bankruptcy process. We are available during regular business hours and by appointment evenings and weekends. You can reach our Colorado attorneys online or by phone at 303-647-9475.
We provide free, no-commitment consultation with our experienced attorneys. Call us today: 303-647-9475.
