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When you need to file for bankruptcy in Denver Co, there are a few things you shouldn't do. Unfortunately, I see things happen that could have been avoided if that had consulted a Colorado bankruptcy attorney first.
You have filed for bankruptcy and now have a 341 meeting of creditors. While it might not be a long meeting, it should be taken seriously. To prepare yourself, here's what you should expect in a 341 meeting.
Congress made bankruptcy much more difficult by adding an income test, also known as a bankruptcy means test, to the forms. This test can be significantly complicated, which is why we highly recommend consulting a Denver bankruptcy attorney.
Chapter 13 bankruptcy gives Debtors options and benefits not found in the other chapters of the bankruptcy code. Chapter 13 is complex and you should seek counsel from a bankruptcy attorney if contemplating such a filing.
If you are planning to file for chapter 7 bankruptcy, you will want to know what happens to various property in such a filing. And if you live in the Denver area, we highly advice you consult a Denver bankruptcy attorney, especially if you wish to retain or sell property through your bankruptcy filing.
A lot of people think taxes are never dischargeable but that simply is not true. There are rules you have to comply with so it is imperative to discuss your situation with an experienced Denver bankruptcy attorney to make sure your case is timed and filed properly.
A primary goal of a lot of clients is to rebuild their credit. A good Colorado bankruptcy attorney can assist you with this process. Often the first step to rebuilding something is to first demolish what is already there. A bankruptcy will accomplish that task and then it must serve as the foundation on which to rebuild your credit. So, how do you go about rebuilding your credit into something strong?
When people think bankruptcy, they usually immediately think the bankruptcy court is going to take and sell all their stuff. While the most basic way of explaining chapter 7 bankruptcy is that the bankruptcy court sells your assets and in exchange of you putting yourself through that process you get a discharge of your debts, it is a bit more complex than that. So, it is highly recommended that you contact a Denver bankruptcy attorney before filing.
Exemptions in bankruptcy are the statutes determining which property you are permitted to keep and which property is to benefit the creditors. Because property rights are generally an issue the federal government reserves to the states, Congress decided that the bankruptcy code should permit each state to determine the exemptions to be used by residents of the respective state. If you live in the Denver Colorado area, we highly advice you consult a Denver bankruptcy attorney before filing.
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Sound legal advice is based on years of training, hard work, and passion, as well as familiarity with legislation and precedent and sound consideration. You’ll find all that and more at the Law Office of Nathaniel J. Thompson based in Denver, Colorado.
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