BANKRUPTCY STILL REMAINS A VIABLE OPTION FOR DEBT RELIEF

FOR THE VAST MAJORITY OF PEOPLE WHO NEED IT

Some people still falsely believe that the new Bankruptcy Law, which went into effect on October 17, 2005, ended a person's ability to obtain relief from their debts. Reports of the end of bankruptcy as a debt relief option have been overstated. Under the new law, there is no doubt that there will be more steps you will need to take to obtain a discharge, but none are significantly difficult. For anyone who has an income below  the Colorado Median Income Standards,  it is still a relatively uncomplicated tool for debt relief. If your income is above the Colorado Medium Income Standards, it may still be possible to obtain debt relief through bankruptcy. In either case, the assistance of an experienced bankruptcy attorney is needed now more than ever.