The firm emphasizes representation of consumers in cases under Chapters 7 and 13 Bankruptcy.
To learn more above the differences between Chapter 7 Liquidation Bankruptcy and Chapter 13 Wage Earner Bankruptcy, contact us.
Bankruptcy is about starting over and getting a fresh start. You will get back in control of your financial future. Do not feel any shame for considering bankruptcy. In today's economy, many people, from all walks of life, are in your situation.
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The housing bubble has burst.
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The credit crunch is in full swing.
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Houses have underwater mortgages.
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Dotcom bust hurt many stockholders
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Telecommunications industry has gone south.
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Airlines are going belly up. Thousands have been laid off.
Chapter 7 Bankruptcy is where you liquidate all non-secured debts. Chapter 7 Consumer Liquidation Bankruptcy applies when the monthly payment on all personal overhead (rent/car payment/utilities/groceries) exceeds your take home income. You will likely keep your home and your car (if current) under the current state of the law (these are called California bankruptcy exemptions). You will want to have a skilled bankruptcy attorney to help so you don't lose anything. You may want to read more about Chapter Seven Bankruptcy, with regard to liquidation.
Chapter 13 Bankruptcy is all about forcing creditors to negotiate with you subject to a bankruptcy trustee's approval. Chapter 13 Bankruptcy forces creditors to settle up for dimes on the dollar. Once again, you take control and you set forth a Chapter 13 Bankruptcy plan that you can work with. Chapter 13 Consumer Bankruptcy applies when your income exceeds your monthly personal overhead to some extent such that you are able repay some portion of the debt back. Once again, however, recognize Chapter 13 Consumer Bankruptcy puts you back in control. Learn and read more about Chapter 13 Wage Earner Bankruptcy.
To learn more above the differences between Chapter 7 Liquidation Bankruptcy and Chapter 13 Wage Earner Bankruptcy, contact us.
“Luan helped us confront our bankruptcy issues so we could get on with our lives”
Luan Tran offers a free 30 minutes initial phone consultation for any persons seeking legal representation.
Offices conveniently located in Boulder, Westminster, Denver, and Colorado Springs
Call for a consult today: 720.874.9709
Or email us for more information!