When you meet with your Parker CO bankruptcy lawyer for the first time, he will ask if you think you could pay off your debt over the next three years, without depriving your family. He will also want to know how your income compares to the average for the state of Colorado, and about your specific debt, is it mostly due to overspending?
After a good deal of consultation, your lawyer will either know that you can handle your debt without bankruptcy, or that you are ready to move on to the next step in the process.
Under the change in bankruptcy regulations, you will be obligated to go through financial counseling before, and after you file. The law requires that you produce pay stubs from the two months just before you file, and present them to the court. Your Parker CO bankruptcy lawyer will advise you that your creditors will be allowed to review your latest tax returns.
Set up that first meeting now, and find out just where you stand. Call Parker Lawyers @ 303-841-9525.