Are you struggling to pay all your bills? Did a medical emergency push you into debt? There are a number of different options if you are struggling with overwhelming debt in Centennial, Littleton, and Aurora. One of the most common types of bankruptcy is Chapter 13 bankruptcy. It can be difficult to differentiate between the many different forms of debt relief. Today, we’ll look at how Chapter 13 bankruptcy can help you get a fresh financial start.
Chapter 13 Gives you Relief from Debt
A common definition Chapter 13 bankruptcy definition often includes “reorganization bankruptcy.” This is because when you file, you create a plan which will allow you to pay back portions of your debts through monthly installments. At the end of the bankruptcy period, the remaining debts will be discharged. There are many complexities to filing for bankruptcy in Denver, which is why it is important to hire a knowledgeable bankruptcy lawyer who will help you get the best fresh start possible.
A Bit About Chapter 13 Bankruptcy
There are many benefits and nuances you must consider if you are thinking of filing for Chapter 13 bankruptcy in Highlands Ranch, Parker, and Englewood to reorganize your debt:
You must create a repayment plan which you will present to the court to consider.
Each applicable debt must be addressed in the repayment plan you provide for the bankruptcy court.
As opposed to Chapter 7 bankruptcy, there is no eligibility requirement to file. You are not required to pass the means test.
When the repayment period is over, some of your debts may be discharged.
Reorganize Your Finances: Hire a Bankruptcy Attorney to Get a Fresh Start
If you are looking into debt relief options, you know the process can be overwhelming. Get the best fresh start possible by contacting me for a free consultation. I have been a bankruptcy lawyer for over 20 years, and I have the knowledge and expertise you need to get a handle on your debt once and for all. As an affordable bankruptcy attorney, I have helped hundreds of good people overcome debt and begin a new chapter in their lives.
If you are struggling to make ends meet and are considering debt relief options, don’t hesitate to contact experienced bankruptcy attorney Barry Arrington for a free initial consultation at 303-205-7870.
He can help you get the best fresh start possible.