Making the decision to file for bankruptcy can be a stressful and a life changing choice. You cannot go up until you get even and debt free. Let’s clear up some bankruptcy myths that should help ease the process. If you are experiencing financial hardship, first you need an experienced and aggressive law firm to protect you. This is no time for guess work. The Allstate Law Center will take the time to prepare before filing, planning to insure you protection and the best possible final result. When you hire Allstate Law Center, we start taking all your creditor calls immediately. We keep you informed every step of the way and you will feel confident that your case is being handled professionally.
I will lose everything:
This is not true. Bankruptcy laws are designed to protect you from losing your property. There are exceptions to the bankruptcy laws that protect certain types of property, for example your house, car, household goods, clothing, and some retirement funds.
I will never get credit again because my credit score will be bad:
Allstate Law Center lawyers know the details of Colorado’s complex bankruptcy laws. We will determine if you qualify for a Chapter 13 bankruptcy and can help you create a repayment plan that meets all requirements to make sure it is approved.
Even if I file for bankruptcy, creditors will continue to harass me:
This is not true. The moment you file for bankruptcy, the court issues an order called an Automatic Stay. This Automatic Stay requires all of your creditors to stop collection actions against you immediately. That means no more phone calls, no more collection threats, and no more harassment by creditors. If a creditor violates the stay, we will aggressively contact the creditor.
I cannot file for bankruptcy if I have a job:
This is not true. Employers are normally relieved that you are not working under the stress of credit collectors. Moreover, employers do not enjoy having to deal with wage garnishments. Bankruptcy stops wage garnishments.
My spouse is required to file bankruptcy with me:
This is not true. However, if you have debts for which you and your spouse are both liable, then you both should file bankruptcy together. Our lawyers can determine the best course of action for your circumstances.
Filing bankruptcy is hard:
This is not true. However, it is not advisable to go through bankruptcy proceedings without a lawyer. Our lawyers can determine what the best course is for your financial situation. We can help you through every step of the process, including helping you restart your credit after your bankruptcy.