Getting caught up in debts that you cannot afford to pay is an intimidating situation. If you are behind on your mortgage payments, worried about your car being repossessed, or dealing with harassing phone calls and lawsuit threats, we can help.
At George T. Carlson & Associates in Englewood, Colorado, our attorneys handle only bankruptcy matters. We devote our full attention to untangling the financial difficulties of people in debt. Contact us to schedule a free initial consultation and get on the road to debt relief.
The question of whether you should file bankruptcy is a complex one that requires assessment of your unique personal circumstances and priorities. Our attorneys are skilled at examining our clients' financial situations and offering them debt relief options.
Some frequently asked questions we encounter about bankruptcy include whether bankruptcy will stop foreclosures, repossessions and wage garnishments; how long bankruptcy takes; and what certain bankruptcy- and debt-related terms mean. In addition to the answers we offer on our Web site, our bankruptcy lawyers will explain these concepts to you so you can make informed decisions.
The two main options available for individuals in debt under the federal Bankruptcy Code are Chapter 7 and Chapter 13 bankruptcies.
Chapter 7 liquidation leads to discharge of all of your eligible debts. However, you may need to give up some nonexempt assets, which the bankruptcy trustee will sell to partially repay your creditors.
Chapter 13 adjustment of debts involves the creation of a payment plan under which you will repay some of your creditors over a period of three to five years. It may allow you to keep certain property that you would have to give up under Chapter 7.
Our knowledgeable bankruptcy lawyers will help you determine which of these procedures meets your needs. Contact us today to discuss your bankruptcy options.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.
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