Individuals and small businesses may naturally face financial challenges during tough times, and this has only been exacerbated with the COVID-19 pandemic. Consumers are finding it more and more difficult to make ends meet. Many Denver residents choose to get a fresh start and file for bankruptcy. It is important to know that there are two different types of bankruptcy available to different consumers based on their circumstances – Chapter 7 and Chapter 13.
Curtis Law Firm has been representing clients in bankruptcy cases for more than 10 years. We take a personalized, very hands-on approach to our bankruptcy cases, and it is our goal to fight for clients and help you navigate towards financial freedom. We will do our best to help you get through the bankruptcy process to be in a better, more positive place than before.
Click here to see the District of Colorado's Bankruptcy Resource Page.
Contact us for a free initial bankruptcy consultation online or at (720) 408-7726. Let’s get you out of your financial rut. Our firm proudly serves clients throughout Denver, Jefferson, Douglas, Arapahoe, and Adams Counties.
When Should You File For Chapter 7 Bankruptcy?
For more information check the Chapter 7 page.
Certain individuals with an income below the “Means Test” threshold may file Chapter 7 bankruptcy. Chapter 7 bankruptcy involves the complete disclosure of all your income, debts, and assets. The goal is to prove to the Court that you do not have enough income to pay back your debts and you do not have any assets that can be sold off to pay your debts. In some case clients do have unprotected assets (e.g., valuable cars, guns, etc.) but our job is to identify those assets and work with you to protect them before you file. One important benefit of filing bankruptcy is the automatic stay, which will temporarily prevent creditor lawsuits, wage garnishments, and creditor harassment. The purpose of this “stay” is to give the debtor sufficient time to complete the bankruptcy process without the added stress of creditors harassment.
Our firm can help you throughout every step of the Chapter 7 process including gathering and preparing the necessary paperwork for your bankruptcy filing. We also file everything electronically with the court for your convenience. We will also be with you at the Meeting of Creditors, where your creditors may inquire about certain things regarding your bankruptcy petition. With our attorneys by your side, you should not be taken by surprise or feel underprepared for such a meeting. We offer Chapter 7 bankruptcy services for as little as $100 to get started. Let’s get your debt discharged under Chapter 7 today!
When Should You File For Chapter 13 Bankruptcy?
Visit our page on Chapter 13 to learn more about the specific filing process.
Chapter 13 bankruptcy is distinct from Chapter 7 in that it can help avoid liquidation of assets and turns instead to a repayment plan to pay off the debt over 3 to 5 years. Like Chapter 7 though, Chapter 13 also allows the benefits of an automatic stay and involves a creditor meeting.
The most important element of Chapter 13 is negotiating the repayment plan. Depending on your situation, you may settle on a monthly payment plan over the course of 3 or 5 years. Be aware that the Trustee assigned to your case may negotiate for higher payment amounts than desirable, so having an attorney on your case can help you ensure you negotiate for fair lower payments in your best interests (and abilities). Once all the payments have been made according to the plan though, you may discharge any remaining debt you may have and get the fresh start you’ve been waiting for.
If you are facing a bankruptcy concern in Denver, contact our firm for experienced and skilled legal guidance. We take a hands-on approach to our bankruptcy cases and will always provide quality legal advocacy. While no one can guarantee exact results, our firm can promise that we will help you get through your financial mess with sure hands and navigate you towards a more positive place than before.
For more than 10 years, the Curtis Law Firm has served the Denver metro area, Jefferson County, Douglas County, Arapahoe County, and Adams County. While times are tough and finances can be tight, legal needs will never disappear. The Curtis Law Firm, LLC believes everyone should be able to afford legal services. In addition to helping you understand your rights, we will also help you protect them. Providing every client with the legal services they need is our number one priority.
Take the first step to financial freedom with Curtis Law Firm. We offer free initial consultation for bankruptcy cases; call (720) 408-7726 or reach out to us online to get started! Flat rates and unbundled services available.
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