How Bankruptcy Can Help You
Bankruptcy may seem like an intimidating process, but it does not have to be. Our lawyers at Watton Law Group will work to get you a fresh start through debt elimination and reorganization. Depending on your unique situation, you may be eligible to file for one of several different types of bankruptcy, each of which accomplishes distinct goals.
The two most common types of bankruptcy are:
- Chapter 7 Bankruptcy: This is a traditional fresh start, or wipe-out, bankruptcy that eliminates all your general debts, such as credit cards, medical bills, or signature loans. There are eligibility requirements. We will review all of those with you and determine if this is a good fit. The most important consideration when it comes to Chapter 7 is timing. We need to eliminate the bad stuff and put you on the path to success.
- Chapter 13 Bankruptcy: This is a debt consolidation where you can settle your debt for pennies on the dollar. Chapter 13 is extremely powerful. All debts can be put into your consolidation. In addition to eliminating or reducing all the same debts that the Chapter 7 does, Chapter 13 will also stop repossessions, halt foreclosures, defer student loans, and can even reduce your car interest rates (and payment!). Basically, you are making a deal with the judge to pay back what you can afford. The judge can even wipe out a large amount of your debt.
These and other forms of bankruptcy can provide much needed relief to those facing seemingly insurmountable debts.
The fact of the matter is, filing for bankruptcy can be a viable solution for those in need of debt relief. This course of action will put an immediate end to creditor phone calls and may stop vehicle repossession and/or home foreclosure. We urge you to reach out to our team today to learn more about whether filing for bankruptcy is the right option for you. Contact our Colorado bankruptcy attorneys for a free bankruptcy evaluation.
The Trusted Experience You Need
At Watton Law Group, we understand the immense stress financial challenges bring. We have helped tens of thousands of clients not only navigate the bankruptcy process but also obtain the financial freedom they needed to move forward with their lives.
Our attorneys are passionate about helping good people who have fallen on hard times. We utilize our extensive legal experience and considerable resources to develop innovative and effective legal strategies tailored to each client’s individual needs. We strive to help our clients fully understand their legal options so that they can make empowered financial decisions for themselves and their families.
With more than 25 years of experience and a large team of dedicated attorneys, paralegals, and staff, our firm is here to help you regain control of your future. We offer free consultations in person or over the phone and proudly serve communities throughout the state of Colorado, including Denver, Colorado Springs, Aurora, Fort Collins, Lakewood, Thornton, Arvada, Westminster, Pueblo, Centennial, Boulder, and beyond.