80 likes | 95 Views
Bankruptcy is a powerful tool that can help you mend your finances. The professional bankruptcy attorney Mr. Andrew F. McKenna in Denver can guide you effectively through the discharge of debts and protection of your assets.
E N D
Financial Advice to Consider Prior to Filing for Divorce divorce is one of the primary factors that causes many Americans to be plummeted into serious debt, and it is one of the top reasons that many Americans ultimately find themselves needing to file for bankruptcy.
Debt Settlement Attorney While bankruptcy is a good option for many borrowers who find themselves overwhelmed by debt, it’s important that individuals who file for bankruptcy understand that they will still have some work to do after their bankruptcy case has been approved in order to get their finances back and debt on track.
Everyone who files for Chapter 7 or Chapter 13 bankruptcy in the state must use state statutes. While the laws covering Colorado bankruptcy exemptions are regularly updated, the following reflects these exemptions
State of Colorado Bankruptcy Laws While Chapter 7 bankruptcy will discharge many of a borrower’s debts, some debt – like student loans – will not be discharged by bankruptcy. For borrowers who still have debt remaining after bankruptcy, it’s important to focus on paying down this debt so that it doesn’t come back to haunt them with huge interest rates in the future.
After bankruptcy, borrowers should have a clear understanding of what they earn versus what they spend on a monthly basis; using this information, they can create a budget that helps them live within their means and prevents them from accumulating additional debt that may necessitate a future bankruptcy filing. Develop and stick to a budget
If you are located in Colorado Springs, call the Law Office of Andrew McKenna today for bankruptcy advice. We offer a free consultation with one of our expert bankruptcy lawyers who can help you determine the best plan for your personal situation
Business Name: Law Offices of Andrew F. McKenna, P.C. Office Address: 3801 E. Florida Ave., Ste. 400Denver, Co 80210 Telephone: 303-730-8819 Facsimile: 303-759-5999 Business email: amckenna@afmlaw.net Telephone: 303-730-8819 Bankruptcy Attorney