Hiring a Denver bankruptcy lawyer may be the first step in debt protection!
No one dreams of hiring a Denver bankruptcy lawyer. We understand that the last thing you may want to do is admit you have a problem and need to hire a Denver bankruptcy lawyer. But if you are tired of being harassed by bill collectors and may not even pay the minimum on your credit card bills, you may really need legal assistance.
A sponsoring Denver bankruptcy lawyer of Total Bankruptcy may review your situation and give you honest advice that should help protect your assets while discharging your debts.
When may it be a good idea to file for Chapter 7?
If you should have lots of out-of-pocket medical expenses and no job, seeking the guidance of a qualified Denver bankruptcy lawyer may be a good idea. If after your divorce, your ex-spouse files for bankruptcy, hiring a bankruptcy lawyer may be the only choice you have.
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If you are worried about defaulting on your loans, now may be a good time to seek help.
Get the help you need now
Before you do anything, you may need to get good advice from someone who understands all the legal complexities of debt protection. From understanding the exemption information specific to Colorado for finding a qualified legal counsel - Total Bankruptcy may be the resource you need. The first step in either a Chapter 13 or Chapter 7 process should begin well before you ever get close to the courthouse. You need to find an attorney who does nothing but practice bankruptcy law. Upon retaining legal counsel, you and your attorney should file a petition in the court. The petition should list certain personal information about yourself, your spouse, and your family. You should also list all of your income, your property (assets), your expenses, and all debts (liabilities). Additionally, you should select the specific exemptions to which you are entitled (exemptions are the laws that prevent your creditors from taking your property away from you). The court should issue an Automatic Stay order. This order prohibits your creditors from collecting their debts from you, from repossessing your car or other property, and from starting or continuing any legal actions against you.
If most of your debts are unsecured you should file under Chapter 7. An unsecured debt has no collateral backing it up and may typically be discharged under Chapter 7. Unsecured debts include credit card debt, medical bills, most personal loans and garnishments.
To qualify to file under Chapter 13, you should be able to meet the terms of your repayment plan. By law you are required not only to have a "regular" source of income, but must also have sufficient "disposable income" to make your monthly payments in a timely fashion.
Call us at 1 (877) 349-1309 or use our secure online case evaluation form
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The purpose of this web site is to help you learn everything you need to know about bankruptcy, the process, your bankruptcy attorney and your legal rights. The best place to start is with the U.S. Bankruptcy Code. It delivers protection to people in financial jeopardy who are suffering under mountains of debt. Bankruptcy is your legal right.