When faced with significant debt, looming foreclosure, and past due notices it can seem like solutions are few and far between. However, there are many options that exist to help individuals afford unmanageable debt and bring their debt burden under control. Each of these forms of debt relief has its own advantages and disadvantages, but most require some amount of time, usually at the very least a month of waiting for creditors to process a claim or restructure debts. Surprising to most individuals, is the fact that the most immediate form of relief from significant debt, above $10,000 dollars, is a chapter 7 bankruptcy.
Denver Bankruptcy FAQ: