Your Bankruptcy Options
At Bishop & Associates, L.L.C., we are here to help you find freedom from excessive debt. We can help you through the complicated bankruptcy process, consulting with you on the front end to decide whether bankruptcy is the best option for you and working with you through the discharge or reorganization of your debts. Put our Fort Collins bankruptcy attorneys to work for you, to help you find freedom from excessive debt.
The Bankruptcy Process
The process of filing for Chapter 7 or Chapter 13 bankruptcy is not as complicated as you might think:
- Find a good bankruptcy attorney: You might be wondering, "Why hire a good bankruptcy lawyer?" A good attorney can help you maximize your benefits and answer your questions about bankruptcy myths, including "What can I keep?" and "What is dischargeable in bankruptcy?" We will advocate on your behalf throughout every stage of the bankruptcy process, helping you with the filing requirements, representing you before the bankruptcy courts and providing valuable counsel to you along the way.
- Credit counseling class: As part of the process, you will be required to attend a credit counseling class to help you manage your finances in the future.
- Filing of bankruptcy petition: Once your bankruptcy petition is filed, the automatic stay goes into effect, which puts an end to creditor harassment and any repossession and foreclosure and garnishments will stop.
- Section 341 hearing: In approximately six weeks after filing, you will have a Section 341 hearing with the bankruptcy trustee. If you have any assets, the trustee will collect them at this point. Although these hearings are open for lenders to contest the bankruptcy, this happens very rarely and we can help you through that process, as well.
- Another credit counseling class: Bankruptcy laws mandate that you attend a second credit counseling class before discharge of your debts.
- Discharge of your debt: Provided there are no outstanding objections, you will receive discharge 60 days after the Section 341 hearing.
We can represent you through every step of the bankruptcy process, including determining if you qualify for Chapter 7 bankruptcy. Additionally, we can help you with bankruptcy in divorce and rebuilding credit after bankruptcy.
Advantages to Filing for Bankruptcy
Bankruptcy is almost always more advantageous than consolidation plans. Additionally, you will be protected by the automatic stay, which stops creditors from contacting you and also halts repossession and foreclosure and garnishment proceedings.
Contact a Larimer County Chapter 7 and 13 Bankruptcy Attorney
We know that if you are considering bankruptcy, money is probably tight, so we offer a free initial consultation for prospective bankruptcy clients in Colorado. Contact us online or call 970-672-1038 or 866-599-1897 today.
