Debt Relief Attorneys
in Westminster, Colorado

Denver Metro Area Debt Relief Attorneys

You do not have to struggle with serious debt – debt relief is attainable, and the details of your situation will dictate which debt relief option (or combination of options) may be best suited for you.

If you are ready to get some professional, experienced help obtaining debt relief, contact the trusted Denver metro area debt relief attorneys at Garcia & Gonzales, P.C. We are skilled at devising innovative solutions to various debt issues so that our clients can obtain the financial fresh starts they need and deserve.

Options for Debt Relief

While the best options for debt relief will vary from situation to situation, in general, the following are the most commonly pursued options for debt relief:

• Debt settlement – In some cases, it may be viable to contact creditors and try to negotiate lower payments on your outstanding debt. Generally, creditors will be more willing to work with people and be more open to negotiation when people haven’t already missed a lot of payments and/or when people may be able to pay in full in the near future. Here, it’s also important to note that, while you can hire companies to help you with debt settlement, not all companies out there will actually help you, so be careful.
• Debt consolidation – Another debt relief option can be pursuing debt consolidation, which essentially involves contracting with a company that buys your debt in exchange for a single monthly debt payment every month. While this debt relief option can result in lower monthly payments in some cases, people should be aware that the terms of these agreements may not be in their favor, can result in very high interest rates, may put people’s homes on the line, etc. So, again, it’s best to carefully consider this option before moving forward with it, as debt consolidation can do more harm than good for some people.
• Filing for bankruptcy – Another option for debt relief can lie in filing for bankruptcy. While the type of bankruptcy case that people pursue can impact whether their debt is discharged or whether they have to develop plans to repay this debt over some years, the bottom line is that bankruptcy can help people obtain a financial fresh start when they are buried in serious debt. Here, it’s also important to point out that filing for bankruptcy:
  • Can help people get relief from significant credit card debt, medical bill-related debt and other types of debt
  • Can help people free up some money to resolve non-dischargeable debt after bankruptcy
  • Can provide people with the financial fresh start they need to get back on track.