Going through a financial crisis? Are your debts weighing you down? Finding it difficult to repay your creditors?
Our Denver bankruptcy lawyers will help you file for bankruptcy, get rid of your bad debts and start afresh. If you are looking to reorganize your finances so as to devise a comfortable repayment plan, our Denver bankruptcy lawyers will help you file your bankruptcy petition, compile your financial statement and deal with your creditors. Bankruptcy laws have recently been revised with effect from October 2005, our Denver bankruptcy lawyers will explain the effects of these revisions so that you have a clearer picture before deciding to file for bankruptcy. Our bankruptcy lawyers also offer their services in other cities of Colorado like Boulder, Aspen, Colorado Springs, Montrose, Breckenridge etc. (Click here for a FREE consultation with a bankruptcy lawyer).
Under Colorado law you can file for bankruptcy under Chapter 7 and Chapter 13.
Chapter 7:
Chapter 7 allows you to file for straight bankruptcy to discharge all your debts except some, like child support, government fines, big purchases, study loans, alimony etc.
Dischargeable loans include credit card payments, car accident claims, leases, personal loans, business debts etc.
Whether a debt is dischargeable or not, will ultimately be decided in consultation with your trustee and creditors. A Denver bankruptcy lawyer has an understanding of the finer points of complicated laws to help you in these consultations.
Chapter 13:
If you have a fixed source of income, filing for bankruptcy under Chapter 13 will allow you to repay all your priority debts, secured and unsecured loans within a period of five years.
Chapter 13 of bankruptcy laws helps you to repay your debts through a systematic repayment plan. On filing your bankruptcy petition in court, our Denver bankruptcy lawyer will submit a systematic repayment plan for five years. The repayment plan will be assessed and approved by the court appointed trustee in consultation with your creditors.
Our bankruptcy lawyers will also provide their expertise in compiling a list of assets and debts to be submitted to the court. This is crucial for the court to demarcate between dischargeable debts and those that have to be repaid.
Bankruptcy laws are complicated and involve many details. In order to benefit from them, it is advisable to consult a competent and experienced Denver bankruptcy lawyer, who can give your case a fair representation.
Free 24-hour Bankruptcy Information Line
Call 1-888-3NO-DEBT (1.888.366.3328)
