It is a fact that no one wants to file for bankruptcy in Littleton, Aurora, or Centennial. Generally, people tend to view others who file for bankruptcy as immature people who don’t know how to handle their money. This is not the case. Usually, bankruptcy is a last resort for those who are struggling financially. Often, they have been struggling to pay bills and make ends meet for years.
Is Bankruptcy the Only Option?
I have had countless people meet with me and ask, “is bankruptcy the only option to get relief?” They want alternatives to filing for Chapter 7 or Chapter 13 bankruptcy. I am always happy to discuss alternatives, but bankruptcy is often the most realistic way to deal with financial issues. I ask them if they want to continue living the way they are living. Constant harassment from credit collection calls, declining creditor score, and wage garnishment are stressful. They deprive them of needed funds, and damage their chance of a better future. Bankruptcy is the best way to get the best fresh start possible.
Moral Dilemma: What to Do
I work with good people who feel obligated to pay their creditors. They believe bankruptcy is immoral because they aren’t able to pay back the money they owe. Here are a few things to keep in mind:
– You CAN Repay Creditors
I remind debtors that they can pay back any creditor they wish after their case is over. Bankruptcy removes creditor’s legal right to your money, but it doesn’t stop you from repaying them when you’ve caught up with your finances. Bankruptcy gives you a respite from the chaos which is a life of financial stress.
– Chapter 13 Bankruptcy
If you still don’t feel comfortable with filing a Chapter 7, filing a Chapter 13 is a good option. This type of bankruptcy utilizes a five year repayment plan, where you repay some of your debts to a few of your creditors. This plan allows you to pay back creditors on a schedule. Whatever isn’t repaid in the end is discharged.
– Bankruptcy is Biblical
As a Christian bankruptcy lawyer, I often work with folks who don’t believe bankruptcy is Biblical. Nothing could be farther from the truth. I open the Bible and show my clients Deuteronomy 15:1-2, which relates the seven year time period for the forgiveness of debt. Biblical law required a master release his slaves every seven years. Being in debt is just like being a slave. The entire Christian faith is based on release from bondage. This principle is what guides me as I help people gain financial freedom from debt.
The Choice is Yours to Make Regarding Bankruptcy
In the end, you will need to make a choice: Continue living in bondage, or set yourself free by filing for bankruptcy in Littleton, Aurora or Centennial. Before you make a decision either way, be sure to take advantage of my free initial consultation to discuss the biblical aspects of bankruptcy and your finances.
If you are struggling with the biblical and moral aspects of Chapter 7 or Chapter 13 bankruptcy, don’t hesitate to contact experienced Christian bankruptcy attorney Barry Arrington. He has helped numerous families in Littleton, Aurora and Centennial gain financial freedom. Contact Barry for a FREE initial consultation at 303-205-7870, or submit the “Get Help Now” form to get the best fresh start possible.