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We
will pull your FREE CREDIT REPORT to analyze your situation.
Chapter 7 Bankruptcy
Chapter 13
Bankruptcy
Lawyers who
care...
The New
Bankruptcy Law is here!
We are a
debt relief agency. We help people file for bankruptcy under the
Bankruptcy Code.
Providing
bankruptcy advice to the entire south Denver Metropolitan area,
including Littleton, Englewood, Centennial & Aurora in Arapahoe
County, Highlands Ranch and Castle Rock in Douglas County,
Denver and south Jefferson County, Colorado CO
Stop Garnishment
Stop Lawsuits
Stop
Repossession
Stop
Harassment
Take
control of your financial life!
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Serving Metro
Denver, including Littleton, Englewood, Centennial & Aurora in
Arapahoe County, Highlands Ranch and Castle Rock in Douglas
County, Denver and south Jefferson County, Colorado CO
If you have reached
this page, you are more than likely deeply concerned about
your financial situation and are considering taking
aggressive action, such as bankruptcy. The advice of an
experienced attorney or lawyer is essential in providing you
with information and hope, and in allowing you to form a plan of
action to replace the paralysis of financial worry.
Debt Relief... A Fresh Start... These are the essence of the federal right known as
Bankruptcy. Under the new bankruptcy code, when your
debts become unmanageable, you are permitted to restructure your financial life
to allow you to go forward with a plan. Your attorney / lawyer can assist you in this regard with debt counseling, advice and
representation and help to relieve the stress that
comes with financial pressure. We will assist you to stop foreclosure
actions, stop garnishment against your wages and bank accounts, stop
repossession against your property, and stop lawsuits from proceeding, until we
can make a plan to move forward in an orderly manner.
If you are an individual, or operate a small business, there are basically
two forms of bankruptcy that are suitable for your purposes:
 | Chapter 7 - Liquidation |
| Chapter 13 - Plan Of Repayment For Individuals With Regular Income |
Chapter 7 Bankruptcy will generally be advised for persons when:
| Debts are large in relation to income |
| There are no large arrearages on mortgages on property wished to be
retained |
| No large recent tax debts |
| Mostly unsecured debts |
| No large equity in property |
However, the "new" bankruptcy law contains a complicated "Means
Test" that looks at your past six months, and current, income
and your "allowable expenses" to decide whether you will be
permitted to file this simpler form of bankruptcy.
Generally speaking, if your six-month gross family income is above the
median income in Colorado, you may be required to file a
Chapter 13 Plan. If you do not desire to file Chapter 13,
then timing may be essential in this determination.
Chapter 13 Bankruptcy will generally be advised when:
| Mortgage foreclosure is threatened
or begun |
| Car loans need to be caught up or
car has been repossessed |
| Large tax debts exist |
| Equity in property is substantial |
| Co-signers need protection from your debt |
| Domestic support arrearages need to be caught up |
| Prior Chapter 7
Bankruptcy in
past eight years |
| Non-dischargeable Chapter 7 debt such as fraud, willful injury. |
| You have a strong desire to repay debt |
In a
Chapter 13, you will make a 5 year plan to make payments to
the Court which will be used to pay certain "nondischargeable"
debts, catch up mortgage and car payments, and pay some money to
your general debts.
Of course, these examples are
generalizations, and the details of every case must be considered in selecting a
form of bankrupcty debt relief, from elimination of debt, to debt
consolidation. In any case, if you are considering the bankrupcy alternative, the most
important thing you can do at this point in time is to arm yourself with
the knowledge of an experienced attorney / lawyer. Even if bankrupcty is only a remote possibility, understanding
the process may permit you to position your financial affairs so as to obtain
the smoothest transition to your new financial life.
We will pull your free CREDIT REPORT
for you, so that we can better understand your situation and be
sure that all debts are addressed.
We serve the entire south Denver,
Colorado (CO) Metropolitan area, including Littleton, Englewood, Centennial & Aurora in Arapahoe County, Highlands Ranch
and Castle Rock in Douglas County, Denver and south Jefferson County, Colorado.
Evening and
weekend appointments are available upon request.
For further information regarding the
bankrupcy process, click on any of
the links on this page. Or contact us to arrange a free consultation with
an experienced attorney, without
cost or obligation on your part.
       
This Law Firm is a federally designated DEBT RELIEF AGENCY as
defined in the 2005 amendments to the US Bankruptcy Code. This
law firm provides legal advice regarding filing bankruptcy and
represents people and small businesses in filing for bankruptcy
relief under the U.S. Bankruptcy Code.
Debt Relief
Agency Notice.
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