Monday, May 20, 2013

Fort Collins Bankruptcy Attorney Makes Chapter 7 Understandable For Clients

By Darcy Gautreau


Your local Fort Collins bankruptcy attorney provides a lot of valuable services. If you are experiencing debt problems and you see no way out, you may find the solution with experienced help on your side. Chapter 7 in Colorado can be difficult to understand and your lawyer is there to remove much of the mystery for you.

Not all Colorado residents can qualify for chapter 7 protection. For instance, there are certain income guidelines to consider and other qualifications. This is why you should talk to a trained legal professional about the matter. You and your lawyer will sit down and discuss your debt problems in detail.

When you see an attorney, you may have a lot of questions about your financial situation. Your attorney will explain to you exactly what happens when you file chapter 7 and what you should expect. You also can discuss the future of your credit and any other things on your mind.

If you file for bankruptcy protection you are allowed to keep certain things, and your attorney can provide you with a list of what you can keep. You might be able to keep your home and car, but there are laws governing these things. A trained legal professional helps you understand them.

Many people are uncertain about the best course of action and may be better served with a chapter 13 filing. If you do not qualify for protection from chapter 7, a chapter 13 may work well. It lets you pay off all your debts and you can be debt free within a three to five year time frame.

Financial problems can make life very hard and your Fort Collins bankruptcy attorney is there to help. There is no charge to see an attorney to talk about your situation, and you may do this by telephone if you wish. Your attorney helps you receive the most benefits from the laws, so you can get back to normal soon.




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