Knowledge is power. The Denver bankruptcy lawyers at George T. Carlson & Associates have helped countless clients win a fresh financial start through bankruptcy protection. We offer free and confidential consultations because we believe every consumer deserves immediate access to experienced legal representation.
Unfortunately, there are many myths and misconceptions about bankruptcy – which can prevent some from seeking protection and may keep others from asking for help for far too long. Still others may decide they don’t need to spend the money on experienced legal advice. As a result, they may not receive full protection under the law or may even be exposing themselves to allegations of bankruptcy fraud or other wrongdoing as a result of not properly claiming assets. In still other cases, a consumer may file under the wrong chapter or otherwise fail to comply with the orders and processes of bankruptcy court. The results can include long delays or even case dismissal, which in turn can leave a consumer open to judgments, liens and other punitive actions by creditors.
Consumer Bankruptcy in Colorado
- Chapter 7 Bankruptcy: This can be filed by consumers who meet certain debt-to-income requirements. It typically permits forgiveness of most types of debt, including credit card debt, medical bills, second mortgages and other unsecured debt. Consumers are permitted numerous exemptions, including exemptions for up to $60,000 in housing equity and $5,000 in vehicle equity as well as exemptions for retirement accounts, personal belongings and other assets.
- Chapter 13 Bankruptcy: Available to consumers who don’t qualify under Chapter 13 or who have significant assets they wish to keep. Filing for Chapter 13 permits a consumer to establish a 3- to 5-year repayment plan. Unpaid, unsecured debt at the end of the plan is typically forgiven.
Business Bankruptcy in Colorado
- Chapter 7 and Chapter 13 Bankruptcy: Businesses owned by sole proprietors can benefit by the Chapter 7 or Chapter 13 bankruptcy of the owners.
- Chapter 11 Bankruptcy: Chapter 11 bankruptcy is available to corporate entities. By filing for Chapter 11 bankruptcy in Colorado, the business is given time to reorganize, come up with a debt consolidation and reorganization plan, and emerge from bankruptcy protection with a better chance to survive and thrive.
- Chapter 12 Bankruptcy: Is available to family owned farms and fisheries.
- Chapter 15 Bankruptcy: Is a bankruptcy used in cases involving international entities.
Contact a Colorado Bankruptcy Attorney Today
If you need bankruptcy assistance in Denver or would like more information, call George T. Carlson & Associates today at 303-789-1313 for a free consultation or contact us online. We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code. Serving clients in Denver and throughout Colorado, including Aurora, Englewood, Lakewood and Boulder.
Denver Bankruptcy Help – 303-789-1313 – Free Consultation
