Email this page to a friend
Experienced Denver bankruptcy attorneys at Legal Helpers
The Denver bankruptcy attorneys from Legal Helpers can help stop creditor harassment, home or car foreclosures, repossessions and wage garnishments. The Denver bankruptcy attorneys at Legal Helpers can help you with debt consolidation laws and stop creditor harassment.
By filing Chapter 13 our Denver bankruptcy attorneys can help stop the foreclosure on your home and gain you needed time to repay your debt. All your past due balances will be consolidated with a Chapter 13 and you will have between 3 and 5 years to pay them off. Plus your cosigners receive the same protection as you receive under Chapter 13 bankruptcy.
Click here for Our Free Legal Evaluation Form
As part of the Colorado bankruptcy attorneys commitment to service, Legal Helpers provides a free 24-hour information line and access to their staff of bankruptcy attorneys who answer the phones six days a week. The Colorado attorneys computer systems are state of the art and allow us to have your records on the computer within seconds. This allows the Colorado bankruptcy attorneys to offer you the highest level of client service.
After helping thousands of clients and discharging millions of dollars in debt, the lawyers at Legal Helpers have the background to suggest a solution to your financial difficulties. Any lawyer that you speak with should practice primarily in debt consolidation law. The law is complex, and you need lawyers that deal with those issues on a daily basis.
There are many advantages of filing for Chapter 13 bankruptcy:
-
Court order protection with the power to stop foreclosures, repossessions, garnishments, license suspensions, and creditor harassment.
-
Pay as little as 10% of the unsecured debt back and eliminate the other 90%.
-
Reduction in principal owed allows you to pay your debts off more quickly that you could through other plans that lack the power to dictate what the creditors are entitled to be paid.
-
Consolidate all your debts into one monthly payment and providing protection from all of your creditors.
-
Have between 3 and 5 years to pay off debt.
-
Upon filing, any debt in existence prior to the filing does not accrue any more late fees, and usually will be repaid interest-free.
-
All of the money you pay toward your unsecured debt will generally be applied toward principal drastically reducing the amount of time it takes you to repay the total debt.
-
Your lawyers obligations to you are regulated by state law.
-
You are not required to post any collateral in order to consolidate.
There are many disadvantages of a traditional debt consolidation plan:
-
No stay provisions, there is no court order protecting you. And, your creditors cannot be forced to stop any of these actions.
-
Only allow specific debts to be consolidated in the payment plan.
-
Don't usually consolidate mortgage, car payments, tax debt, and child support arrears.
-
Merely ask the creditor to lower the interest rates or balances and do not have a Federal judge ordering the creditors to adhere to the plan.
-
Allow possibility that the plans could drag on for years without significantly lowering the balances.
-
May be private entities - sponsored by creditors - and don't have the same strict legal requirements to protect borrowers' best interests.
-
May require you to risk your home and property if you can not afford the monthly payments.
Use our free legal evaluator to see if you should contact Legal Helpers