A hardship discharge in a Chapter 13 bankruptcy in Littleton and across Colorado is a discharge granted to a debtor before they complete their Chapter 13 payment plan. To be granted a hardship discharge in a Chapter 13 bankruptcy, you must file a motion with the court and meet certain circumstances, listed below. Always speak with your Chapter 13 bankruptcy attorney for complete information surrounding receiving a hardship discharge in Colorado, in order to maximize your chances of success.
Hardship Discharge in a Centennial Chapter 13 Bankruptcy
To qualify for a hardship discharge in a Centennial Chapter 13 bankruptcy, you must meet all of the following circumstances, according to 11 U.S.C., Section 1328(b):
You failed to complete your Chapter 13 payments due to circumstances you cannot be held accountable for;
The value (as of the effective date of the Chapter 13 plan) of property distributed to unsecured creditors is not less than the amount they would have been paid if you filed Chapter 7 instead;
Modifying your Chapter 13 payment plan is not practicable.
If circumstances arise which prevent you from completing your Chapter 13 plan payments, but you do not qualify for a Chapter 13 hardship discharge, talk with Chapter 13 bankruptcy attorney Barry Arrington about other options available to you. Some of those options may include converting to a Chapter 7 bankruptcy, modifying your Chapter 13 payments or filing a Chapter 13 bankruptcy at a later time.
Aurora Hardship Discharge and Debts: Which Debts Are Discharged in a Hardship Discharge?
If you are granted a hardship discharge in Aurora or anywhere else in Colorado, your nonpriority, unsecured and dischargeable debts will be discharged. These might be credit card debts, utility bills, medical bills, or personal loans. Some common debts which likely won’t be discharged include some student loans, secured debts, restitution, or taxes.
Call Aurora and Parker Chapter 13 Bankruptcy Attorney Barry Arrington for Hardship Discharge Questions
If you have more questions about the Chapter 13 hardship discharge in Parker, Aurora or any other area in Colorado, talk with experienced bankruptcy lawyer Barry Arrington right away. Barry has helped countless people experiencing financial hardship find freedom through a Chapter 13 bankruptcy, including those who qualify for a hardship discharge. Call Barry today if you are in need of a caring and supportive bankruptcy attorney who specializes in Chapter 13 bankruptcy law. Barry can make the difference for you.
If you have more questions about the Chapter 13 hardship discharge in Colorado, call Christian bankruptcy attorney Barry Arrington today to request your free initial consultation. Call Barry at 303-205-7870. Or, submit the “Get Help Now” form to begin your journey towards financial freedom.