A Denver Bankruptcy Lawyer May be Able to Get You a Fresh Start
If you're tired of the nasty phone calls, if you stay away from the mailbox because you're afraid of finding yet another collection notice, a Denver bankruptcy lawyer may be able to help you get a fresh start. You need to understand the bankruptcy process and its consequences before you make decisions about your financial future. A Denver bankruptcy lawyer can help you understand bankruptcy before you make any decisions.
Whether you're afraid that you may lose your car or home, or you just want to put your mountain of debt behind you, a Denver bankruptcy lawyer can explain how the process works and help your decide if bankruptcy is right for you.
Chapter 7 Bankruptcy and Chapter 13 Bankruptcy are Very Different
Most people think of bankruptcy as liquidating their assets and starting over. Liquidation would be a Chapter 7 bankruptcy. Under Chapter 7, the bankruptcy trustee liquidates (sells) your non-exempt assets and releases you from your remaining dischargeable unsecured debt. Assets that are exempt from sale include, to a limited value, clothing, furniture, books, personal business tools, etc. Most filers for Chapter 7 have few, if any, non-exempt assets, so liquidation usually does not occur. Debts that cannot be discharged by bankruptcy include taxes, child support, alimony, and student loans. In a Chapter 7 bankruptcy, your creditors have a right to demand the return of property that secures debt.
A Chapter 13 bankruptcy, on the other hand, allows you retain property that secures your debt. Your Chapter 13 bankruptcy is not a full liquidation, but a plan for you to pay your secured debt while discharging your non-secured debt. Your Chapter 13 bankruptcy plan weighs is based on your income, living expenses and debts. Under Chapter 13 you make regular payments, agreed upon by you, your creditors, and the bankruptcy trustee. As long as you continue to make payments, you keep property such as your home or your car. Chapter 13 bankruptcy is often the solution chosen by people who have regular income, but have been derailed by short-term job loss, illness, or other economic difficulties.
Don't Wait. Speak With a Denver Bankruptcy Lawyer Today
Speaking with a Denver bankruptcy lawyer is not a commitment. We at Total Bankruptcy understand the stress you're under and that your need accurate and complete information in order to make intelligent decisions. That's why the lawyers who sponsor Total Bankruptcy offer free, no obligation, consultations. Take this opportunity to educate yourself about bankruptcy. You need to understand how bankruptcy works and how it may affect your financial future before your creditors pressure you into making decisions that may not be right for you and your family.
Total Bankruptcy can help you take the first step back to financial freedom, so don't delay. Just call us toll free at 1 (877) 349-1309 or fill in our online case evaluation to schedule a free consultation with an experienced Denver bankruptcy lawyer today.