Life has many obstacles...

Debt Relief including Chapter 13.

Life can present some extremely difficult obstacles. Luckily a Chapter 13 bankruptcy can provide financial relief during temporary difficulties. Our attorneys can help you evaluate whether this option is suitable for your individual situation. Often, when Chapter 7 is not an option, Chapter 13 can be a possibility.

In order to qualify for this type bankruptcy, you do need to show proof of a regular source of income that provides enough for you to reasonably keep up with the court-ordered payment schedule. In addition, your debts need to fall between the current limits set for secured debts.

The main reason an individual would turn to a Chapter 13 bankruptcy is to avoid repossessions or foreclosures on their properties. This legally allowable category of debt relief allows those facing temporary financial setbacks to avoid having their wages garnished or lawsuits brought against them for failure to repay debts. It also keeps bill collectors from calling repeatedly and interest from continuing to pile up.

Often, the need for debt relief comes as a result of short-term setbacks, such as these:

  • Major illness
  • Unanticipated expenses
  • Job loss

When you file for this type of bankruptcy you are given a 3- to 5-year period in which to catch up on any past-due payments, while keeping current on existing accounts.

When you meet our team, you can discuss your personal financial situation to find out whether this course of action is best for you. To set up your free initial consultation, call us today. We are ready and waiting to help.

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Why choose us?

Free Initial Consultation
Flat Rate Fees, No Hidden Costs
Payment Plans Available
Licensed in Colorado and Texas
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Come visit our office at 414 South Tejon Street, Colorado Springs, Colorado! We would love to show you how we can help and of course answer any and all questions you may have.

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