After your bankruptcy case is concluded, you will not be eligible to file bankruptcy again for a period of years. Getting it right the first time – understanding which chapter of the bankruptcy code will best protect your rights and ensuring that you have listed all applicable creditors – is critical to securing your rights through bankruptcy court. When used correctly, federal bankruptcy laws are a powerful tool that will provide you with a fresh financial start.
The Denver bankruptcy lawyers at George T. Carlson & Associates believe anyone considering bankruptcy deserves access to experienced legal representation. It’s why we remain committed to providing potential clients with a free and confidential consultation.
How often can I file for Bankruptcy in Colorado?
- Chapter 7 can be filed 8 years after a previous Chapter 7 Bankruptcy.
- Chapter 7 can be filed 6 years after a prior Chapter 13 Bankruptcy.
- Chapter 13 Bankruptcy can be filed 4 years after a Chapter 7 Bankruptcy.
- Chapter 13 can be filed 2 years after a prior Chapter 13 filing.
As we’ve discussed elsewhere on this site, the Bankruptcy Abuse and Protections Act of 2005 requires credit counseling. But the truth of the matter is that consumers who have dealt with the daily stress and pressures of bad debt and collection calls – and who have found relief through bankruptcy court – are often among the most conscientious users of credit going forward. Typically, predatory lenders are most often responsible for consumer bankruptcy and post-bankruptcy consumers know to avoid the marketing tactics and other ploys of such companies.
Still, other cases involve medical bills and lost jobs. In such cases, bankruptcy is often unavoidable. And having filed for bankruptcy once will not permit you from seeking the same protection again in the future should the need arise.
Can I change the Type of Bankruptcy after it’s Filed?
You may also change your bankruptcy filing. Consulting with an experienced Colorado bankruptcy lawyer will assist you in choosing how to file bankruptcy. But there are times when switching chapters is warranted:
- A consumer may switch from a Chapter 13 to a Chapter 7 because he or she cannot meet requirements of the repayment plan.
- Job loss or a health crisis can cause a change in circumstances that warrants a change in your bankruptcy filing.
- A consumer needs to be aware of the ramifications of doing so, however. Switching from a Chapter 13 to a Chapter 7 could result in the loss of assets that would otherwise have been protected had the Chapter 13 filing been completed.
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
