Chapter 13 Bankruptcy in Denver

Chapter 13

Denver Chapter 13 Bankruptcy Lawyers

Colorado Wage Earners Attorneys

At Mile High Bankruptcy, many of our clients first contact us with the assumption that Chapter 7 bankruptcy is not available for them, and that they’ll have to file for Chapter 13 relief instead. Our lawyers can show clients how they can qualify for Chapter 7 relief and the faster, more complete discharge it offers.

Sometimes, however, we’ll see a situation where a client can’t qualify for Chapter 7 because their household income is too high, even after applying the adjustments. Even more rarely, a client will need Chapter 13 for other legal reasons. In these cases, we can provide a free referral to a Chapter 13 attorney.

Call 303.831.0733 for a free consultation about your bankruptcy options

Contact Mile High Bankruptcy in Denver to learn about the relative benefits and disadvantages of Chapter 7 and Chapter 13 bankruptcy. As experienced attorneys who have concentrated on consumer bankruptcy since the early 1980s, we’re convinced that Chapter 7 is the better approach for most people in Colorado who are considering bankruptcy relief.

Because Chapter 7 is means-tested, the first question has to do with your gross household income — if it’s too high, Chapter 7 may not be an available option. In our experience, however, many clients over the median income can still qualify for Chapter 7 relief, especially if they have child support, tax problems or a high mortgage payment.

Chapter 13 Bankruptcy Attorneys Available

Owning valuable property that exceeds the Colorado bankruptcy exemptions is another factor that might make Chapter 13 a viable option. If your home equity significantly exceeds $60,000, or if you own nonexempt assets worth more than say, $10,000 that you can’t bear to part with, Chapter 13 will help you keep nonexempt property while paying its value over the repayment period under a wage-earner’s plan. This usually represents several hundred dollars each month over a period of three to five years.

Our lawyers can explain your options under both Chapter 7 and Chapter 13, and in most cases, we’ll find a way to make Chapter 7 work for you. If Chapter 13 is right for you, we can provide a reliable referral to a Chapter 13 lawyer. For more information about your bankruptcy alternatives, contact Mile High Bankruptcy in Denver for a free consultation.

We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.

Common Tags: Denver Filing Chapter 13 Attorneys, Colorado File Bankruptcy Lawyers, Westminster Attorney, CO Lawyer, Questions, Information, Law, Aurora Laws