In the past, filing for bankruptcy was something that was frowned on by many people. Today, it is considered acceptable because the economy is not in the best condition. All it takes is one major life-changing event, such as an illness, job loss or divorce, to ruin a person financially. In some cases, it may be best to file for bankruptcy.

You may be wondering, “How do I know if it is time to file for bankruptcy?” You may want to consider filing for bankruptcy if your debt is out of control. Your debt is out of control if you are delinquent, or more than 60 days late, on one or most of your bills. Your debt is also out of control if you are using one credit card to make a payment on the other.

Of course, if you can pay your debts by reducing discretionary spending, you should.  But if you have cut out all of the play budget and are still underwater, it may be time to speak with a bankruptcy specialist here in Denver.

Additionally, if you have medical bills or tax debts that you cannot pay, then you have more debt than you can handle. It is time to file for bankruptcy. You do not want to wait until your wages are garnished, or your home is foreclosed.

Bankruptcy is something that you can be very difficult to go through. However, you do not have to go through it alone.  Call our office today to get a new start on your future!

A Bankruptcy Attorney Can Help With Bad Credit

Bad credit is something that can cause you problems for many years. You may receive a rejection every time you try to apply for a home, automobile, credit card or personal loan. A poor credit score is something that will stick with you until you make proactive efforts to fix the situation. Bankruptcy is a procedure that can help you to eliminate poor credit. A bankruptcy attorney in Denver can help you to get your life back in order. Bankruptcy specialists are people who know financial law well enough to repair your credit so that you can obtain the services that you need.

What is Bankruptcy?

Bankruptcy is a legal classification that says that you cannot pay your bills. If you are suffering with overwhelming debt and low income, you may qualify for a special bankruptcy chapter. Some consumers are eligible for dismissals of their unsecured debt; you might be one of those consumers. 
Rolf J. von Merveldt, III can perform the means test to see if you qualify for this special chapter. The means tests is a brief assessment that compares your income to most people in the state. If your income is below the state median, then you might be the perfect candidate for a bankruptcy filing. Contact an attorney today to find out.