Our Denver, Colorado Chapter 7 And Chapter 13 Bankruptcy Attorneys Are On Your Side
You’re looking for an attorney for bankruptcy in Denver… someone on your side for once. That’s all you really want, isn’t it? You want the phone calls to stop, the lawsuits to stop, the garnishments to stop. You want to keep your home and your car, to get a good night’s sleep and enjoy life again. That’s us. We can help.
Chapter 7 or Chapter 13 bankruptcy is the solution you’re looking for.
Bankruptcy is the most powerful weapon you have to fight overwhelming debt. It can immediately stop the calls and garnishments. It can stop foreclosures. It will reset your financial life and get you on the path to financial recovery.
How An Experienced Denver, Colorado Bankruptcy Lawyer Can Help You
Having an attorney for bankruptcy will change your life. Imagine enjoying your life again without worrying about debt collectors knocking on your door or showing up at your job. Picture being able to enjoy time with your family and friends again. Think about your dream home or going on vacation with your family. Instead of dreading what the next day will bring, dream about working toward the life you want.
You need an experienced bankruptcy attorney in Denver in your corner. Our attorneys have helped thousands of people just like you eliminate millions of dollars in overwhelming debt. We’ll fight for you and get you on the road to a fresh financial start.
From the first time we meet until the bankruptcy court closes your case, we’ll be by your side for every step of the process. We’ll help with pre-filing planning to make sure that if you have any assets the bankruptcy court may be interested in, they are as protected as possible.
In the meantime, we’ll talk to you about the best time to file and how to navigate any obstacles posed by your creditors. Bankruptcy in Colorado can be an intimidating process. We’re here to guide you through it.
Roughly 80% of people who file bankruptcy in Denver will file a Chapter 7 bankruptcy. Chapter 7 is appropriate for people who are within the income limits and whose assets are valued within the Colorado bankruptcy exemption amounts.
Chapter 7 bankruptcy is also referred to as “liquidation” bankruptcy. What that means is that any assets you have (i.e. personal belongings and real estate) that are worth more than what is protected by the Colorado bankruptcy exemptions, those assets will be sold with the proceeds going to pay your creditors.
At your initial consultation, we’ll go over your assets to prepare you for any potential problems. Keep in mind that 85% – 90% of people who file Chapter 7 don’t turn over any assets. The most common asset that gets turned over in Colorado is probably tax refunds for the year that your bankruptcy is filed. Even that is not that common and usually just happens at the beginning and end of the year.
A typical Chapter 7 takes about four months from the time your case if filed until the bankruptcy court closes your case.
An experienced Denver bankruptcy lawyer will safely guide you through the Chapter 7 process to make sure that you eliminate as much debt as possible while keep as much of your assets as possible.
Chapter 13 Bankruptcy In Denver, Colorado
Chapter 13 involves repaying some (or all) of your debt to your creditors by making monthly payments to the Chapter 13 bankruptcy trustee for three to five years.
The most common reason someone will file a Chapter 13 instead of a Chapter 7 bankruptcy in Colorado is that their income is too high to file Chapter 7. However, someone may file a Chapter 7 if they need bankruptcy court protection but filed a completed Chapter 7 within the previous eight years. Finally, someone might file a Chapter 13 instead of a Chapter 7 if they have an asset that is significantly more valuable than what is protected under the Colorado bankruptcy exemptions. The benefits of filing a Chapter 13 bankruptcy may outweigh the benefits of filing a Chapter 7 bankruptcy.
There are essentially three factors that determine how much someone will have to pay in their Chapter 13 bankruptcy plan: their disposable income, the type of debts they have, and the value of their assets.
During your initial consultation we’ll cover these three factors to give you an idea of what your Chapter 13 bankruptcy plan will look like. Keep in mind that it will only be an estimate, as we need detailed information about your income, assets, and debts before we can come up with a proposed plan payment amount.
We have helped hundreds of people just like you successfully negotiate chapter 7 and chapter 13 bankruptcy process. We strive to provide excellent service. You can read reviews from our happy clients on our Google page.