As unfortunate as it may be, the team here at Holland Law Office knows that Colorado families filing for bankruptcy may experience strain on their personal lives as well. Some couples may divorce, some parents and children may have a difficult time getting along; the list is endless. Debt and bankruptcy can sometimes make people frustrated and cause them to turn to violence to release their emotions.
The Watts family saga is tragic and has made national headlines. Without getting into too much detail, Chris Watts is accused of murdering his pregnant wife, Shannan, and their two young children in August of this year.
The accounts of what happened vary, with Chris saying he was blinded by rage due to his wife strangling his girls, while the prosecution says he was responsible for it all.
After his arrest, it was reported that the Watts family had filed for bankruptcy in 2015. As we’ve mentioned before, financial debt and filing for bankruptcy in Colorado can be a strenuous task, one that puts you at odds with your loved ones.
Here at the Holland Law Office, we aim to make your Colorado bankruptcy as painless as possible, as well as offer quality divorce mediation services to make that tough process easier and more amicable. If you are considering filing for bankruptcy or are in need of divorce mediation, contact our firm and discover how we can help you.
Emotional Pressures of Heavy Debt
As we’ve mentioned before, debt not only takes a toll on your bank account, but it can also lead to issues with your personal life. Spouses are especially susceptible to this, as they share most everything, including finances.
If you find yourself or your spouse under water due to student loans or mortgage payments, it is easy to start playing the blame game and pointing fingers as to who is responsible for your family’s current financial situation.
In the case of the Watts, they found themselves anywhere from $50,000 to $70,000 in debt, stemming from the purchase of a $400,000 home in Colorado. While they had apparently moved past the hardest part of the debt, the lasting effects of such strife certainly played a role in the next three years, leading up to the events of this past August.
While easy and tempting to allow tempers to flare and emotions to boil over in the midst of a bankruptcy filing in Colorado, there are better ways to handle the case. Here at the Holland Law Office, our legal experts are equipped to help you with all stages of bankruptcy and mediation to ensure you come out the other side as unscathed as possible. Give us a call or fill out our contact form and find out why Longs Peak Bankruptcy is Northern Colorado’s premiere mediation and bankruptcy counsel!