Denver Asset Protection Bankruptcy Lawyer Christopher German
Whether you need a chapter 7 or chapter 13 a Denver bankruptcy lawyer know the facts when borrowing money. The Law Office of Christopher German can advise as to how to best address excessive debt of any type. A debt can be either secured or unsecured. A secured debt gives a creditor the right to foreclose upon (for real property) or repossess (for personal property) collateral, whether or not the collateral was originally pledged as security for debt.
No collateral is pledged in return for unsecured debt. Unsecured debt can be incurred voluntarily – e.g. credit cards or a personal line of credit, or involuntarily – e.g. medical bills or a deficiency balance owed from a previous foreclosure or repossession. Because an unsecured creditor has only the option of suing you personally on the debt incurred obtaining a judgment and then collection by garnishment of wages, freezing a bank account, filing a lien on your home or business, or selling your assets, the interest rate you’re paying is almost always higher than with secured debts.
Bankruptcy Lawyer Christopher German has assisted over 1000 debtors protect their assets in Denver and other areas of Colorado.
Contact us to protect your assets and file your Denver Bankruptcy. The Law Office of Christopher German, get your FREE CONSULTATION at 720-675-8070, you’ll be glad you did!