–          Chapter 7: The most familiar type of consumer bankruptcy, Chapter 7 allows individuals to completely discharge their debt in order to gain a fresh start. Certain types of debt must still be repaid, however, including child support and student loans.

–          Chapter 13: An alternative for consumers filing for bankruptcy, Chapter 13 lets the debtor propose a repayment plan for the next 3-5 years.

Filing for Bankruptcy

Bankruptcy has become less stigmatizing because of the huge debt many have accumulated and the numbers of individuals filing for relief. A middle class family who is struggling to get ahead can use bankruptcy as a chance to get a clean slate. If you choose to file for bankruptcy, you don’t have to lose everything. Colorado exemption laws allow families to protect:

–          Your home up to a certain figure

–          Automobiles up to a certain value and

–          A limited amount of personal property

Legal Assistance for all of Colorado with offices in the Metro Denver, North Metro Denver, Colorado Springs and Grand Junction

An experienced bankruptcy lawyer can help you move forward with filing for bankruptcy. As soon as your bankruptcy gets on record, all harassing call from creditors will stop, since the court prohibits them from all contact with you. Bankruptcy will:

–          Halt foreclosure

–          Stop garnishment of wages

–          Eliminate credit card debt

–          Discharging medical bills

–          Erase bad mortgage debt

For trustworthy, compassionate and affordable bankruptcy advice in Denver Metro Area and Colorado Springs Metro Area, contact the Laws Offices of Andrew F. McKenna, P.C. Mr. McKenna is prepared to provide you personally with advise and represent you through the entire bankruptcy process. With over 28 years of experience, Andrew F. McKenna is more than able to handle your struggles with debt.

For a free personal telephone consultation with Andrew F. McKenna, bankruptcy attorney, call 303-730-8819 or 719-201-4527.