Why Hire a Good Bankruptcy Attorney?
If you are facing serious debt, your biggest fears probably include the possibility of losing your home, your car and other essential valuables. Many people in this situation are so busy trying to survive month to month that they don't have time to consider bankruptcy or the benefits of hiring a good bankruptcy lawyer.
At Bishop & Associates, L.L.C., we understand what you are going through. Fort Collins bankruptcy attorney Leah Bishop understands the bankruptcy process thoroughly, and she can help you understand the benefits and pitfalls of all the different options, while advocating for you before the courts and your creditors throughout the process.
Advantages of Hiring a Good Bankruptcy Attorney
Bankruptcy is a lot simpler and more straightforward than many people realize, because there are a lot of myths out there about bankruptcy. One of the most important advantages of hiring a good bankruptcy attorney is that an experienced bankruptcy attorney will help you understand the truth in a world of myth:
- Myth — A bankruptcy will stay on my credit record for 8 years, destroying my credit: Although bankruptcy will show up on your credit report, it will not necessarily keep you from being able to obtain credit. In fact, many lenders will see you as a better risk after bankruptcy because you cannot file again for eight years, and many people begin receiving offers for lines of credit almost immediately after filing for bankruptcy.
- Myth — It would be better to go through a debt-consolidation company or pay my debts by liquidating my retirement accounts or other assets: Very rarely. Consolidation often leaves people spending more on the fees and charges than they save. Further, there are exemptions and protections up to a certain amount for different assets. Since most retirement accounts are protected, you can hold onto your financial security while using bankruptcy to get relief from your present debts.
Another distinct advantage is that a good bankruptcy attorney can look at your financial situation and provide valuable counsel regarding whether you should file for bankruptcy, and, if so, whether Chapter 7 or Chapter 13 is a better option for your situation. Attorney Leah Bishop also emphasizes effective advocacy. She represents her clients and helps them throughout the entire bankruptcy process.
Contact a Colorado Bankruptcy Attorney
Either call 866-599-1897 or e-mail Bishop & Associates, L.L.C. to talk to a lawyer about your case
