If you are considering filing for bankruptcy, it is important to get solid legal advice to help you make the best decision. You should keep in mind you are not obligated to hire a lawyer just because you seek out their advice regarding whether or not you should file bankruptcy. Bankruptcy Lawyers Colorado Springs can review your situation and give you advice regardless of whether you hire them or not. A bankruptcy lawyer, such as David M. Koppa, will analyze your situation and help you decide which type of bankruptcy you should file or if you should file at all. He or she will walk you through all the steps and make sure you know what to expect out of the entire process from start to finish.
The easiest way to consider all aspects involved in filing for bankruptcy is to make lists. Make a list of all the debts you have and how far behind you are with payments. Remember, some debt will not be discharged even if you file bankruptcy, such as student loans or alimony payments. Then, you should make a list of all nonexempt property that could be used to pay your creditors. This will help you determine if you should file Chapter 7, 11, or 13 bankruptcy. In Chapter 11 and 13, debtors can keep their property as long as they make a plan to pay and continue to make the payments each month.
The biggest benefits of hiring one of the Bankruptcy Lawyers Colorado Springs is the fact that they know the process and the paperwork. Bankruptcy is a process that is going to take at least three to six months to be completed. It would be a shame to wait for months only to find out you made a mistake on the paperwork and have to start over. When you hire a lawyer, that lawyer is going to have experience with the paperwork. They are far less likely to make mistakes you would be prone to making through nothing more than a combination of lack of experience and human error. You should prepare yourself to pay $300 in filing fees and the cost of the attorney if you decide to hire one.