Bankruptcy Attorney Denver

It May Be Time to Fish For Better Rates!

Credit Card companies make their money by charging interest and fees.  We all know this, and we have learned to accept this fact.  Sometimes we wish we would get better rates, but as credit gets bad for us and our finances get low, it is either the credit card or the payday loan place.  A terrible situation.  Sometimes we can work through these issues with some disciple and some self control, other times you will need an experienced Denver bankruptcy attorney to help you get a fresh start.

One of the very best things you can do if your credit cards and interest rates are out of control is to stop using them and try to see if you can make any ground at all on these bills.  Maybe it requires an extra shift on the weekend, but if you can stay current for a while, your chances of a better interest rate will go up, especially if you are paying down the card.

It is amazing how many people these days are paying in the mid 20’s for their interest rates on their credit cards.  Credit cards are unsecured debt, so if this has gotten brutally out of control, how can you pay, you ask?  Remember, out job is to help give you a fresh start and if you aren’t paying $600 a month on credit cards, you can easily afford our services!

Is it Time to Yank the Credit Cards Out of Your Wallet? ›

Credit Cards and Debt

Swipe, Swipe, Swipe…  It is Christmas time!  Your credit card bills are likely rising and there are some things you need to remember this holiday season so we don’t have to visit later! 

Credit Card Companies do not want you out of debt!

Your credit card company stays in business through people paying interest.  If you are familar with the “Rule of 72″ you know that if you divide your interest rate into 72, that’s about how long it takes money to double.  For instance, if you are paying 16% interest on your credit card, you will pay the credit card company the full balance and you will still owe the same amount of money in 4.5 years.  This is the trap and why it is so important to get ahead of the curve and manage your expenses before they get out of control.

What if your credit cards already are an undue hardship on you?

Fortunately, there are laws which protect us as citizens from having everything stripped if we are unable to meet our obligations in regards to debt.  This comes with limitations, as it should, but the basic fact is if you are in way over your head, there may be something we can do for you!

If you are not in over your head, make sure to be careful not to overspend this holiday season.  If you are, give us a call for a free initial bankruptcy consultation in Denver!

Credit Cards and Debt — A Cause of Bankruptcy ›

Bankruptcy Fraud can Lead to Some Terrible Results

Are you thinking about filing a bankruptcy in Denver and have a little nestegg you are planning on hiding so you have some cash coming out the other side of bankruptcy filing in Denver.  This is understandable, but this article is to strongly encourage you to refrain from following through with this temptation.  Why?  Here are a few of the most compelling reasons to avoid bankruptcy fraud in Denver:

• The law is geared to give you a “fresh start” with your finances, not a head start.  What this means is the law is trying to protect you by eliminating your debts, but also needs to protect your creditors from getting ripped off because you want some cash at the end of the process.
• Anyone can file they suspect you are hiding funds.  It is not like the FBI researches every case, but they can get tipped off by friends, family, a nefarious ex who wants to see you suffer…  you risk being caught because there are methods in place to punish people guilty of bankruptcy fraud.
• It is expensive — you can be fined $250,ooo for bankruptcy fraud – Is it really worth it?

What’s the moral?  Mainly there are several things you need to consider here.

• It is wise to disclose all assets to your bankruptcy attorney in Denver
• You Denver bankruptcy attorney will help you realize some income sources you may not have thought of, protecting you from the risk of bankruptcy fraud in Denver — This is why you want a bankruptcy attorney in Denver working for you!

Please give us a call for a free bankruptcy consultation in Denver!

Bankruptcy Fraud is a Serious Offense ›