Bankruptcy is a process in which consumers and businesses can eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. For the most part, bankruptcies can be divided into two types — liquidation and reorganization.
Bankruptcy is a useful tool in stopping creditor harassment, garnishments, foreclosure, repossessions, and eliminating debt. Bankruptcy is also a good option if you find yourself paying minimum payments each month, with more debt than you can possibly imagine repaying. This often includes medical bills and credit card debt. Our Bankruptcy Attorneys in Denver can help you decide if bankruptcy is right for you and whether Chapter 7 or a Chapter 13 is best for you. If Bankruptcy is not your best option, we can often help you manage your debt in other ways.
Not all categories of debt are dischargeable in bankruptcy, but most are. Student loans and tax debt are the most common types of non-dischargeable debts. These debts can often be managed by the filing of a Chapter 13 bankruptcy. To read more about what non-dischargeable debt is follow this link.
The most common concern from clients is whether or not they will lose their car and their home. It is very rare for a bankruptcy client to lose their vehicle or their home in bankruptcy. That does not mean you don’t have the option of voluntarily turning it over to the creditor in return for the debt being discharged.
Many of our clients have expressed feelings of embarrassment or guilt in not being able to pay all their obligations back. We want you to know that filing bankruptcy is not a bad thing. It’s a financial decision, and often a smart one. Many people make this decision each year. The worst thing you can do is not taking action. You can start rebuilding your credit and do something useful with your hard earned money after filing a Colorado Chapter 7 or Chapter 13 Bankruptcy.
The process starts by contacting our Colorado bankruptcy office for a confidential free consultation. Our Denver Bankruptcy Lawyer will advise you on your options. We then come up with a strategic game plan for your case. We offer straight forward and affordable fees that will work for everyone. This firm does not believe in low fee advertising and then pulling a “bait and switch” once you come in. Unfortunately, that exist with many of the low fee advertising you will find on the web. Legal work and clients are not a gimmick to us. Many cases are straight forward and we help make the process as quick and painless for you. We thoroughly review your financial information and then draft a quality bankruptcy petition for you that we will file with the Court. We represent you at court and make sure all required documents get filed. We are glad to answer all your questions, even after your case has been closed.