Colorado’s 100% Online Bankruptcy Law Firm
No offices appointments. No Court Appearances.
Schedule a Consultation
Schedule a Consultation
Adams County has the distinction of being the county where the Denver International Airport is located, serving global travelers within the state of Colorado. Beyond the airport, however, it plays host to cities like Brighton and Thornton that facilitate young Americans preparing to enter the modern workforce, as well as encourage small businesses to give back to the community. However, despite the bustling economic activity of the county, this is no guarantee of financial stability for every resident. For any Adams County resident, if there are any serious economic or financial setbacks, it may be time to get help from a financial law attorney.
For simpler issues of debt, it’s often possible for Adams County residents to do some research, exercise discipline, and deal with the problem themselves. Sometimes, it just requires a little insight from a financial adviser. However, some situations may be too deep, too complex, or even illegal such as businesses ignoring Colorado consumer lending laws. Situations may require the intervention of an Adams County financial law attorney in the event of:
It’s natural, however, for people with debt issues to be concerned that working with a lawyer will incur more debt, as the majority of legal work is not free of charge. Luckily, different payment methods exist to help people in just these types of circumstances. Some attorneys, for example, work on contingency, which means their payment is only required should they win a case. Others, rather than charging for services by the hour, negotiate a flat fee upfront and then work to the completion of a case regardless of hours. So, there’s no guarantee that a financial or bankruptcy lawyer in Adams County is too expensive to afford.
There is a good chance that an Adams County financial law or debt attorney can help with many situations that wouldn’t be considered “high profile,” like:
In one example, debt collectors are well within their rights to contact people and inquire about owed payments. However, such inquiries may not use threats, insults, or deception toward an Adams County resident. Similarly, while phone calls are allowed, they can’t be made very early in the morning or late at night. Even calls to the workplace are not permitted if employers have a policy against them. Any resident experiencing this treatment from a creditor should contact a financial law attorney in Adams County for help.
Bankruptcy is a financial and legal procedure for organizing and managing debt to allow people and businesses to discharge themselves of that debt with official government recognition. There are general guidelines for bankruptcy in the United States, but the individual states themselves wield much autonomy in forming region-specific regulations and Colorado is no exception.
Bankruptcy is not just a single process; it has many variations depending on the circumstances and scope of the debt. Chapter 7 bankruptcy is a category most often used when a person or company’s debt has no incoming streams of funding that could help manage payments. In this situation, the solution is liquidation, usually by selling assets like properties or other assets deemed of value.
Chapter 13 bankruptcy is occasionally referred to as a “wage earner’s plan” and is a less drastic kind of bankruptcy debt management. However, it requires the person or company in debt to have access to a reliable, fixed means of income, such as still drawing a monthly salary from an employer or contract.
In this situation, Chapter 13 bankruptcy pays down the debt by organizing a debt management plan and structuring repayments between three and five years. These payment installments are paid similarly to car loans or mortgage payments. If an Adams County resident can verify a steady income and the total debt is less than $2.75 million, the court is likely to grant Chapter 13 bankruptcy.
If an Adams County resident has debt in specific areas where payment is mandatory, such as a child support plan, and too many of those payments are missed, wage garnishment may be used. This is a mechanism where the law can intervene and partition off a part of a person’s salary to ensure that the proper amount goes to the intended recipient.
In Colorado, the law currently allows a maximum of 25% of a person’s weekly income to be garnished. However, there are situations where garnished amounts can be more detrimental than predicted, resulting in more debt in other areas. A debt attorney in Adams County can reassess and change terms in these challenging situations.
One of the more distressing experiences Adams County homeowners can have is losing ownership of their home due to missed mortgage payments. This process is called foreclosure and gives a lender—often a bank—the ability to recover the money by taking possession of the home and putting it up for sale. Like other states, Colorado has its own set of foreclosure laws, but that doesn’t mean every organization adheres to these regulations and acts in good faith.
Unfortunately, there are scenarios where the foreclosure process seems inappropriate or even illegal. An Adams County financial lawyer can help assess the situation and may even help residents to keep their homes.
Credit cards are now a mainstay of American financial life and are one of the best ways for people to make purchases online, book hotels, or rent a car. However, the ease of use of credit cards can lead to large debts if not used in moderation. This is particularly true in this state, as Colorado ranks #1 in the country for credit card debt.
Programs are available in Colorado to help manage credit card debt. For more serious or complex credit card debt situations, it can help to have a debt attorney in Adams County discuss the best way to move forward.
Repossession generally means vehicle seizure, but this usually occurs only if too many payments on a vehicle loan are missed. However, debt collectors can’t just seize a car when the mood hits them; there is a legal process a company must comply with to recognize the act as legitimate repossession and not theft.
People behind on payments who are at risk or who may have already had a car repossessed may find they have more options after working with a debt attorney in Adams County. Declaring specific types of bankruptcy, for example, can make cars off-limits to standard repossession.
ExperiencedIt’s generally recommended that a litigation attorney handle most lawsuits. However, specific legal and financial situations, such as a debt collector wanting to file a lawsuit, get better results when handled by someone who has state-level legal and financial experience. Financial law attorneys in Adams County can help here, as the nuances of a lawsuit or the threat of a lawsuit from debt collectors benefit from their experience.
While the USA provides some of the most advanced and comprehensive medical treatments in the world, they can come at a tremendous cost. Debt from medical bills can become unmanageable for those unprotected by a good healthcare plan from an employer. This is especially true for chronic medical conditions that require ongoing treatment.
Adams County debt attorneys can help residents transition through the bankruptcy process while still having access to their healthcare.
It’s not only banks that offer loans; other companies offer an advance on a month’s salary sometimes called a “payday loan.” However, the lower requirements and easier approvals on these loans typically come with higher interest rates and stiffer penalties if people can’t adhere to the loan conditions. Extra fees and other penalties can leave a person in mounting debt that becomes uncontrollable quickly.
Colorado is working to address these issues, but loan companies find and exploit new loopholes all the time. Those who are caught in a situation with escalating fines and other penalties may get help from a financial or debt attorney in Adams County.
Erin Lane is ready to help Adams County residents with complex debt and financial situations. She was a founding member of the Washington Law Group, a legal practice in Washington State, and is now expanding her practice area to serve Colorado. She can provide comprehensive legal consultation and assistance to anyone facing a daunting debt situation or other legal consequences from certain financial challenges.