Skilled Bankruptcy Lawyers in Boulder, Colorado
Sometimes life does not go as planned. When divorce, job loss or injury occurs, you may find yourself drowning in credit card, medical and other debt, and wondering where to turn for guidance and relief. Filing for bankruptcy can lift the burden of debt, giving you a clean slate and a chance at a better tomorrow.
Since 1997, our attorneys at Goff & Goff, LLC have put our skill and knowledge of bankruptcy law to work for our clients in Boulder and the surrounding areas. Our goal is to help you obtain a fresh start, free from debt.
Chapter 13 Bankruptcy (Reorganization)
Generally speaking, Chapter 13 bankruptcy is intended for people who earn a steady paycheck, but who are having a hard time keeping up with a mortgage, car payments or credit card debts.
Chapter 13 bankruptcy imposes order on the chaotic situation that often develops when you default on your debts. Instead of being harassed and sued by your creditors, Chapter 13 allows you to propose a plan in which you pay an amount you can afford, regardless of how much you owe.
Chapter 13 offers other advantages: You do not have to liquidate your assets or pay back all your debt at once. You pay back some or all of your debt over a period of 36 to 60 months. Chapter 13 also allows you to keep important assets such as your home or car, while letting you catch up on your payments if you have fallen behind.
In addition, certain debts can often be eliminated or substantially reduced in Chapter 13 even if the debts are secured by an asset you would like to keep, such as a home or car. For example second mortgages can often be "stripped off" your home and upside down car loans can be "crammed down" in Chapter 13, which often results in very significant reductions in overall indebtedness.
As soon as you file for bankruptcy, the law requires that all collection activity must stop, including harassing calls, dunning letters, and lawsuits.
Contact us online or by phone at 303-872-0535 to speak with an experienced attorney regarding your Chapter 13 or bankruptcy litigation matter. We offer free telephone consultations.
