Thinking about filing personal bankruptcy here in Denver? You are not alone. Across the United States, more than a million people each year file for bankruptcy and yet many more are in a position where they should probably consider it.
Filing bankruptcy is something that no one wants to do, but sometimes circumstances happen that are beyond your control and contribute to financial difficulties that ultimately make filing bankruptcy a viable option to help you get on with your life. Just a few of the common circumstances that contribute to someone needing to file bankruptcy:
Medical Problems – today’s high cost of medical care is the reason that many people choose to file bankruptcy. Even for those people who have health insurance, sometimes medical bills stack up to the point where they are insurmountable.
Job changes or loss – many people experience a sudden change in job status as a result of the economy, companies downsizing or even outsourcing jobs overseas. A sudden change in job status can put an unexpected financial hardship on people and result in the need to consider bankruptcy as an option.
Divorce – divorce is rarely “easy” and one of the common effects of divorce is financial problems. The financial stress of divorce is a common contributor to considering bankruptcy.
Death or Disability – When a sudden death or disability happens to the breadwinner of the family, it can often result in severe financial stress that results in considering bankruptcy as an option.
Even though no one wants to file bankruptcy, sometimes it becomes the best possible financial option. It is not something to be ashamed of or feared – but it is something that you will want to get an expert on your side who can help you know your rights and what the bankruptcy process is here in Colorado.
See 5 things you want to know about filing bankruptcy in Denver.
Contact us today for your free bankruptcy consultation and see if it is a viable option in your situation to help you get back on your financial feet.
