Proper Planning to Keep Your Assets
Before filing for Chapter 7 Bankruptcy, it is important to plan on how to keep assets. Asset planning refers to claiming the proper exemption for assets and identifying non-exempt assets (i.e. those that cannot be protected) and determining whether those asset can be sold and the proceeds used for legitimate purposes, before filing bankruptcy. Denver metro area bankruptcy attorneys, George T. Carlson and Associates, have over 40 years experience helping clients keep assets.
Colorado Asset Protection Planning in Bankruptcy
At the law firm of George T. Carlson and Associates, we can provide experienced guidance in asset protection planning in bankruptcy. For example, the non-exempt portion of the cash value of whole life insurance can often be borrowed and spent on ordinary and necessary living expenses, before filing bankruptcy. Non-exempt investment accounts can be liquidated and similarly spent appropriately. In these scenarios, we encourage our clients to prepare a list of proposed expenses that we will review before filing, to ensure the expenditures are proper.
Contact an Denver, Colorado Bankruptcy Attorney Today
If you are seeking legal representation or would like more information about our services contact our office today for a free consultation with an attorney. You can reach an experienced lawyer at 303-789-1313Â or by contacting us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
