Using Bankruptcy to Find Debt Relief
If you are struggling to make ends meet, you may be wondering what your options are. At the Moller Law Group, we are committed to helping clients throughout Colorado Springs and Teller County use bankruptcy to regain their financial stability. Learn more about the representation we offer by contacting us online or by calling 719-694-1284.
What Will Happen to My Credit Score?
Bankruptcy is a government provided program that is designed to offer people debt relief. Bankruptcy will have a negative impact on your credit score. On the other hand, remaining in debt, overdrawing accounts and receiving penalties for late payments will also have a negative affect on your credit score. We can help you make an informed decision as to which path to take.
After you file bankruptcy, it will stay on your credit report for 10 years. However, if you take control of your finances, make your payments on time and stay out of debt, you can rebuild your credit. Each year of successful financial management after a bankruptcy lessons the impact of the bankruptcy on your credit.
Should I File Bankruptcy Now or Wait a Bit Longer?
Asking for help can be hard. Many people think they will be able to solve their problem on their own if they wait a bit longer or try a bit harder. If you are using retirement funds or other savings to make ends meet, contact attorney Bill Moller as soon as possible to discuss whether bankruptcy is right for you. We can protect your savings and help you find debt relief. Draining your savings and other future resources is not a safe solution.
Schedule your appointment with a lawyer who wants to help you get a fresh start. Contact us online or call 719-694-1284 to schedule your initial consultation.
