 | | Western Colorado Bankruptcy Lawyer What is the Difference Between Chapter 7 and Chapter 13? Chapter 7 Also known as liquidation, this type of bankruptcy allows individuals to cancel most of their debts. The types of personal property you are allowed to keep is determined by Colorado law and usually include items such as your family's home, cars, and retirement accounts. In Chapter 7, all types of debt will be discharged, except for certain taxes, child support payments, student loans, and some other limited types of debt. Chapter 13 Also known as reorganization, this type of bankruptcy requires you to create a payment plan to repay your creditors either a portion or all of what you owe them over a set period of time, usually 5 years. Under Chapter 13, you usually can keep all of your property. If you are behind on your mortgage payments and are facing foreclosure, filing for this type of bankruptcy may allow you to keep your home. These are many other differences between Chapter 7 and Chapter 13 bankruptcy. To learn more, contact attorney Joseph Hambright to discuss your financial situation with a knowledgeable bankruptcy attorney. He can evaluate your case and help you decide if bankruptcy is right for you and which chapter is appropriate for your situation. | If you are facing financial problems and wish to explore your options, contact an experienced bankruptcy attorney at the office of Joseph A. Hambright, Attorney at Law. We have filed thousands of bankruptcy cases on behalf of individuals and businesses across the state of Colorado, including Chapter 7 and Chapter 13, as well as Chapter 11 and 12. We are a member of the Better Business Bureau. Our firm confidently and thoroughly represents clients with the many different aspects of bankruptcy. From beginning to end, we are dedicated to standing by clients and helping them understand the many complicated issues involved in a bankruptcy case. Once our firm is retained, we educate our clients on bankruptcy law and work with them to determine their best option for debt relief. This allows clients to participate in the decision making processes, since the decisions we make will have a direct impact on their lives and financial futures. There are several different types of bankruptcy, listed below. By meeting with experienced attorney Joseph Hambright, you can learn more about each type of bankruptcy filing and discover which one is best suited to your individual situation. - Chapter 7 - Consumer bankruptcy
- Chapter 11 - Business bankruptcy
- Chapter 12 - Agricultural bankruptcy
- Chapter 13 - Wage earner / consumer bankruptcy
We also act as zealous and thorough advocates for clients facing a range of bankruptcy related issues, including: - Wage garnishment
- Foreclosure
- Repossession
- IRS collections
- Creditor harassment
There are ways in which to gain control of your finances. Bankruptcy will not be the best option for every individual. We also represent clients in financial trouble in other ways, such as work-outs, negotiating debt reductions, and other creditor compromises, including defending lawsuits by creditors. We also can help with tax work-outs, wage garnishments, repossessions, and foreclosures. When you contact our office, we can discuss your options for filing bankruptcy, if it is determined that bankruptcy is right for you. We also provide clients with resources that can help them attempt to deal with their finances if bankruptcy isn't in their best interests at that point in time. - We also help people in other practice areas, including oil and gas law, mineral rights, real estate, and estate planning.
Contact a Grand Junction bankruptcy lawyer at the office of Joseph A. Hambright, Attorney at Law today to learn more about the bankruptcy process. We offer a free initial consultation to bankruptcy clients, either in person or by phone, with attorney Joseph Hambright and confidentially discuss their case and concerns. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Joseph A. Hambright
Attorney at Law3026 Patterson (F Road)
Grand Junction, CO 81504
Phone: (970) 434-4685
Toll Free: 1 (800) 563-6629
Fax: (970) 434-4743
E-mail • Map & Directions
The office of Joseph A. Hambright, Attorney at Law represents clients located throughout Western Colorado, including the communities of Grand Junction, Colorado, Mesa County, Montrose, Montrose County, Delta, Delta County, Rifle, Carbondale, Glenwood Springs, Garfield County, Gunnison County, Gunnison, Steamboat Springs, Routt County, Durango, La Plata County, Craig, Moffat County, Cortez, Montezuma County, and all of the surrounding areas.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.
Copyright © 2010
by Joseph A. Hambright Attorney at Law. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement.
| | 
 |
