|We can help you to use bankruptcy laws to reduce or eliminate your debt; stop foreclosures; stop repossessions; stop creditor harassment; stop bank garnishments; and stop wage assignments.
You may be able to discharge debts from civil judgments (court judgments), credit cards, pay-day loans, deficiencies that are the result of foreclosure or repossession of homes or other property, medical bills, personal loans, or even uninsured property damage.
These debts, and the creditors' ability to take action to collect these debts, will continue until your bankruptcy petition is filed. After that, there is relief in the automatic stay from further collection action. We can help get that kind of relief for you, once we identify the facts in your case and determine the best strategy.
There are some limits to the kinds of debts that can be discharged. We can help you understand how those limits contained in the Bankruptcy Code may or may not apply to your case.
Let us help you get a fresh start by eliminating as much of your debt as possible, while also protecting the property you are entitled to keep through this detailed process.
In the normal course of our practice, Colorado Legal Associates represents clients through informal negotiation with creditors, and through Chapter 7 Bankruptcy and Chapter 13 Bankruptcy.
Our priority with any client is to provide legal advice and services to guide clients through the two types of consumer bankruptcy. Having professional legal advice during this important first step can prevent serious problems later.
Generally, Chapter 7 Bankruptcy is used to discharge – or eliminate – debts for which there is no collaterall or that are not owed to the government and where the client cannot pay the creditors because of income limits.
Chapter 13 Bankruptcy may be used when a client wants to preserve ownership of certain personal property or real estate that could not be protected in Chapter 7, and also to partially satisfy some of the client's creditors.
The Bankruptcy Code is complex and we can help you understand it and how it may apply to you.
Colorado Legal Associates offers an initial in-office consultation with no up-front fees. We offer this appointment as a way to speak confidentially about your specific issues and concerns, and to show you whether bankruptcy or other debt management strategies make sense for you.