Friday, June 22, 2012

Will Creditors Still Come After Me After Filing A Denver Chapter 13 Bankruptcy?

After meeting with a job loss, unemployment or a medical catastrophe, many Denver residents choose a Colorado chapter 13 bankruptcy. Although it is possible to file for Denver chapter 13 bankruptcy on your own, you would quickly find that it is very difficult to know what to do and when to do it without the help of a Colorado chapter 13 attorney. By utilizing the chapter 13, Denver residents can gain the great benefit of keeping their home. The downside is that sometimes creditors continue the harassment for payment even after you have received a Colorado chapter 13 discharge from your debts. This is another reason why it is crucial to have the aid of a Colorado chapter 13 bankruptcy lawyer as well.

In a general sense, filing for Denver chapter 13 bankruptcy might help you if you are behind in several different types of payments. These can include your house payment, income payments or tax payments. There is another benefit that comes from filing chapter 13. Denver residents would be able to pay back taxes that they owe without financial penalties or interest added to their bill.

Other criteria may apply, making it more feasible to file for Colorado chapter 13 bankruptcy. If you own a business or are self employed then you could qualify for a chapter 13. Denver residents who have lots of assets that are classified as non-exempt, or those that a court can seize and sell off to pay your debt, may also find debt relief through a Colorado chapter 13. Those who want to pay back all or some of their debt may also find that a Denver chapter 13 bankruptcy would help them as well.

Your lawyer can help you with each aspect of filing a chapter 13. Denver residents will meet with their lawyer and take credit counseling instruction, getting a certificate at the end. Next, they bring information to their attorney, including all their bills, recent tax returns, driver's license and social security card, and their lawyer will fill out the needed paperwork. After the papers are filed, there is a meeting of creditors at the courthouse, at which time you may be asked for more information. The next step is to take a second financial management class as another step in the process of Colorado chapter 13 bankruptcy, with the certificate going to your lawyer to file. Once the deadline for objection to discharge has run out, you make monthly payments according to your agreed upon payment plan, until you finish the plan, often in three years, to get discharged from your debt.

If a creditor keeps trying to collect money after you have been discharged, you will want a Denver attorney to enforce your legal rights to protection that you have through the discharge process.

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