Northern Colorado Bankruptcy Attorney
Assistance in Fort Collins, Loveland, Greeley, Estes Park & Windsor
When you are facing financial challenges, there is only one way to respond-take action and explore your options. If you delay, ignore, or do nothing about your debt issues, you may be facing additional and costly financial expenses that could have been avoided with early professional consultation. Sumner Law Office, PC is a leader in helping individuals resolve the many problems that correlate with tough financial situations.
Effective and applicable use of bankruptcy law can help a person preserve assets, and if they seek experienced bankruptcy assistance, individuals may find immediate debt relief. Our firm cannot only help a client preserve their assets and relieve them of their financial burdens, but help them build a stronger financial foundation for their future, as well. Do not let debt take control of your life-be proactive and consult us before it is too late. We offer free initial consultations, and the benefits of seeking legal assistance as soon as possible can make a significant impact on your situation.
Please click on each of the following links to learn more about their topic:
- Chapter 7 Bankruptcy: Chapter 7 is ideal for those who cannot repay any of their debts. If a person qualifies for Chapter 7, all unsecured debts, such as credit cards, unsecured loans, medical bills, broken leases, etc. can be discharged, and they will not have to pay back any outstanding amounts.
- Chapter 13 Bankruptcy: Chapter 13 bankruptcy allows a person to make affordable monthly payments towards debts. Automatic stays will be immediately imposed, and any home foreclosure or vehicle repossession actions will end. This type of bankruptcy is best for those who have the means to pay back some of their debt in a certain timeframe.
- Bankruptcy Means Test: A bankruptcy means test determines for which type of bankruptcy individuals qualify. It calculates a client’s past six months of income, and decides if they are above or below the median income for their household size. If they are below, they can qualify for Chapter 7. Clients that are above the median may qualify for Chapter 13.
- Bankruptcy Myths: Many people believe filing for bankruptcy can ruin a person’s credit for up to 10 years, or they can lose everything they own when they file. Many of these misconceptions prevent people from filing for bankruptcy, which can further hinder their already impaired financial situation.
- Bankruptcy Timeline: There are different timelines for how long a person’s bankruptcy process will take depending on which type of bankruptcy they file for. An individual’s timeline will begin as soon as they file their petition with the bankruptcy court. Prior to filing, however, a person must be a resident of the state for a minimum of 90 days.
- Life After Bankruptcy: It is difficult for some clients to move on after filing for bankruptcy, which is why we are here to help. Our firm can assist clients create a budget plan, and advise them on how to establish a firm financial footing. It takes a lot of hard work and responsibility, but people can recover from bankruptcy with the proper help and motivation.
- Benefits of Bankruptcy: Although bankruptcy may temporarily damage a person’s credit, it is an extremely helpful way to manage financial burdens. An experienced bankruptcy attorney can help a person minimize payments, save their car and/or home from foreclosure, and may completely eliminate certain debts that they owe to certain creditors/banks.
- Bankruptcy Process: Our attorney can explain any part of the bankruptcy process to a client using simple terms, and can answer questions during the initial consultation. Depending on which type of bankruptcy a client filed for, the process alters slightly for Chapter 7 and Chapter 13 bankruptcy.
- Creditors Harassment: If a creditor is oppressive or abusive towards a person when trying to collect debt, it is known as creditor harassment. Although it is not illegal to harass a debtor prior to them filing for bankruptcy, an individual can still seek help. We can handle creditors on a client’s behalf, and ensure that they do not disturb or threaten our client.
- Wage Garnishments-: Wage garnishments can be sought by a creditor if a person has unpaid debts. A wage garnishment is requested through legal means, and can be served upon a person’s employer or bank to garnish the individual’s wages. A sheriff often issues the order, and it must be obeyed.
Contact Sumner Law, PC Today
If you are being harassed by creditors or are thinking about filing for bankruptcy, please contact our firm. We are more than capable of helping residents of the Northern Colorado area to resolve their financial problems and regain the financially stable life they once had. Please contact us to schedule a free consultation and to learn how the Sumner Law Office, PC can help you.