Is this your wallet lately?
Have you been looking at your finances and realizing that you are pretty much broke and there are still a bunch of bills to pay? If this is the case, then you have some things you can do to make sure you don’t have to file for bankruptcy in Denver soon. The first thing that you need to make sure you do is COMMUNICATE with your creditors. Often you can make partial payments and then not get hit with those hefty late charges. If the creditor knows you are trying to pay them, they will often work with you if they get something right now. You are more likely to get the full extent of their late charges if they can’t find out why you’re not paying.
The next thing you will want to do is PRIORITIZE your finances. Your priorities should normally be:
- Your home
- Your necessities (heat, water, food)
- Your highest interest charges (to get these out of the system as quickly as possible)… if this area is out of control, it may not be best…
- Cable and other non-essentials. You want to make sure that you are not foreclosed on with your home or starving to death. If you have to file for bankruptcy in Denver, then your house can often be excluded from what is taken away.
At the end of the day, if you are seriously considering bankruptcy, you need to talk to a professional bankruptcy attorney about your options because this article and others out there are speaking in generalities. Looking at your specific financial situation can often create a whole other method of attacking the financial dilemna you are facing.
Call us for a free initial consultation here in the Denver area!