Stacy Johnson, the author of the Smart Spending Blog on msn.com, wrote an illuminating article on Wednesday about the issue of bankruptcy. She learned from a retired gentleman referred to as Ron that there are times when bankruptcy is one’s only choice-an intelligent one at that. Usually people do file for bankruptcy when there is no other choice.  “If that’s what you need to do,” Stacy Johnson says, “the mistake isn’t doing it, it’s not doing it soon enough.”  She goes on to say that one thing she’ll never forget from talking with Ron is the relief on his face as he described what it was like to finally put aside his pride and find help. Ron said that for months before he walked into that lawyer’s office, he’d been verbally abused by creditors, and immobilized with shame. He admitted that he had even felt suicidal.

If you’re having major financial trouble, to quote Stacy Johnson, “hesitation simply causes wasted stress, time and money. Before he got help, Ron wasted all three trying to stay ahead of bills he had no hope of ultimately paying. Especially since rather than helping him, his lenders chose instead to make his situation untenable by jacking up his rates and fees.”

So if you are experiencing economic stress, override your feelings of shame and contact a lawyer as soon as possible. A bankruptcy lawyer will be able to give you advice on your choices and, if bankruptcy is the right one, they will help maximize what you keep and minimize what you lose.

If you live in Denver, Aurora, Arvada, Brighton, Broomfield, Commerce City, Englewood, Highlands Ranch, Lakewood, Lafayette, Littleton, Northglenn, Westminster, Wheat Ridge, or Golden, Colorado and have questions you would like a Colorado personal bankruptcy attorney to answer please contact me. Kevin D. Heupel, Colorado Bankruptcy lawyer, 303-955-7570, COBankruptcyHelpEmail, free-consultation form.