Colorado Springs Bankruptcy Lawyer

Financial Stress

Financial problems can cause strain in all areas of your life. Bankruptcy can be a way to rebalance your life.

Take the right steps

Getting out of financial trouble is easier than you think. By taking the right steps you'll get back on solid financial ground in no time.

The Right Help Makes All the Difference

Working with experienced and reliable attorneys can make the bankruptcy process smooth and as beneficial as possible for you. Call us today for a consultation.

Tying Up Loose Ends

Bankruptcy is a way to make sure your creditors no longer have power over your life. Let us help you get back in control.

Colorado Springs Bankruptcy Lawyer- Get a top rated bankruptcy attorney in Colorado Springs CO

If you are like millions of other Americans who are suffering in debt, you are probably wondering what you can do about it. Have you thought about bankruptcy? Many people consider bankruptcy to be the last resort and it carries a lot of stigma with it, such as never having good credit again and shame or embarrassment.

We are here to tell you that there is nothing to be ashamed of, the country is having a financial crisis and we have all felt the impact. If you speak to an experienced Colorado Springs bankruptcy lawyer you will find out that bankruptcy is not shameful and it won’t even destroy your chances of having good credit, it can actually help them.

How Bankruptcy Helps Credit Problems

Your credit report is broken up in parts; two of the major parts are good credit and bad credit. If you’re missing payments or are late on several loans then your credit consists of mostly bad debts. When you file bankruptcy you can eliminate all that bad debt and leave the good debt alone, you choose on what to file on and what not to. Once the bad debt is gone your credit score actually increases. You will have the bankruptcy show up on your report for ten years, but in most cases it will not hinder you from obtaining loans, secured or unsecured.

There are many ways to file and your experienced Colorado Springs bankruptcy lawyer will explain each type and weigh the benefits and the downfalls before helping you make the choice. There is not one solution that is right for everyone and we understand that. We listen to each client’s situation and understand their future goals before advising on how to file.

Call today for a 100% free evaluation with an experienced Colorado Springs bankruptcy lawyer that cares!

Governor Will Not Allow Bankruptcy for Connecticut

The governor of Connecticut, Dannel Malloy, has said that he will not allow Connecticut to file for bankruptcy. He says the state will embrace their fiscal responsibility.

HARTFORD — Gov. Dannel P. Malloy Monday called talk of allowing states to go bankrupt, which would include reneging on pension obligations, a terrible idea.

With 46 states facing deficits next year because of falling revenues, the end of one-time federal investments and unfunded pension costs, some national policymakers have been working on a way for states to use bankruptcy to get out from under their debt.

U.S. Sen. John Cornyn, R-Texas, recently asked Federal Reserve Chairman Ben Bernanke about it, but no draft bill has been circulated, according to published reports.

At a press conference called to introduce William M. Rubenstein as the new commissioner of the Department of Consumer Protection, Malloy answered other questions, including one on bankruptcy.

States, unlike cities, cannot seek federal bankruptcy protection because they are considered sovereign.

“Connecticut is looking to embrace — not to escape — the responsibilities of sound financial… continue reading

Looking for a Colorado Springs Chapter 13 attorney? Contact us today for more information.

House Majority Leader Says No to State Bailouts

Eric Cantor, the new U.S. House Majority leader, has come out against state bailouts. Cantor does not believe Congress should help the states with their financial problems.

The new U.S. House majority leader says he opposes federal bailouts of cash-strapped states — and he won’t support the idea of allowing them to seek bankruptcy, either.

Conservative factions in Washington, led by former House Speaker Newt Gingrich, have been pressing for legislation that would permit states to file for bankruptcy protection, a right they currently don’t have under the Constitution (unlike many local governments).

But Majority Leader Eric Cantor (R-Va.) ruled that out Monday.

From the Associated Press:

House Majority Leader Eric Cantor told reporters that he believes states already have the tools they need to ease crushing budget deficits since they can cut spending, raise taxes and pressure public employee unions to renegotiate pension benefits. As a result, he said, he opposes letting states declare bankruptcy because he said they don’t need that power.

While some… continue reading

Looking for a Chapter 13 attorney in Colorado Springs? Contact us today for more information.

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