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Are you being harassed by creditors or debt collection agencies? If so, then you already know that they will stop at nothing in an attempt to get you to pay them money you simply don’t have. It’s also possible they’re telling you things that simply aren’t true.
Some of the most unscrupulous lenders will try to get you to take money out of your retirement account in an attempt to squeeze you for a few dollars. Others may call your boss or family members in an attempt to embarrass you into paying them money. Our CO bankruptcy lawyers have even heard of situations where predatory lenders threaten debtors with arrest.
Make no mistake, you should never take the word of a collection agency or lender. This is why it’s so important to discuss financial options with a qualified Colorado Springs bankruptcy lawyer so that you can get back on top of your bills and stop the harassment.
The automatic stay goes into effect when you file for bankruptcy but it does far more than just stop harassing phone calls.
If you are struggling financially and hoping to learn more about filing for Chapter 7 or Chapter 13 bankruptcy in Colorado Springs, you’ve come to the perfect place. Mounting debts, imminent foreclosure, and harassing phone calls from creditors are a nightmare. You need an experienced & knowledgeable attorney in your corner. Our team of experienced Colorado Springs debt relief attorneys is always happy to discuss your financial situation and help you determine the best strategy moving forward.
With decades of combined experience in both simple and complex Chapter 7 and Chapter 13 bankruptcy cases, our team of Colorado Springs debt relief lawyers and other legal professionals blends a distinctive set of skills to resolve legal problems for El Paso County citizens seeking help with debt relief.
We recognize that filing for bankruptcy can be scary. We know that there is a pervasive negative stigma surrounding bankruptcy that makes people hesitant to file. We also know that the Federal Bankruptcy Code is complex and can be extremely confusing to a non-lawyer. That is why we’ve designed this website- to combat that negative image, break down some of the convoluted language surrounding bankruptcy law, and shed some positive light on how filing for bankruptcy in El Paso County can bring immediate relief from mounting debt.
One of the most important and immediate benefits of filing for bankruptcy in Colorado Springs is the automatic stay. An automatic stay is a court order that goes into effect immediately after a petitioner files for Chapter 7 or Chapter 13 bankruptcy in El Paso county, and it grants the bankruptcy filer relief from most creditors attempts to collect on a debt. In other words, no more calls from banks or collection agencies and no more eviction or foreclosure proceedings.
Listed below are some examples of how an automatic stay can help you.
Just like the automatic stay, the goal of our experienced Colorado Springs bankruptcy attorneys is to make the bankruptcy process as easy and stress-free as possible. For more information on the automatic stay, please contact our firm today.
Automatic stays, while powerful, aren’t a silver bullet for all of your creditors. Because the automatic stay is such a crucial benefit to a person filing Chapter 7 or Chapter 13 bankruptcy in Colorado Springs, it’s very important to know these exceptions before you file. Below you will find a list of which debts a creditor can continue to collect in spite of your bankruptcy filing.
For more information on the automatic stay and what it does and does not cover, check out the American Bar Association’s article “The Automatic Stay in Bankruptcy: An Overview” or contact one of our El Paso County bankruptcy attorneys for a free consultation.
In Chapter 7 bankruptcy, the Federal Bankruptcy Code allows each petitioner asset exemptions during the bankruptcy process. An exemption is a law that protects your property in bankruptcy. Exempt property can’t be sold for the benefit of your unsecured creditors. Colorado’s motor vehicle exemption allows bankruptcy filers to exempt up to $7,500 in equity in a motor vehicle they own.
If you are struggling with overwhelming debt that never seems to go away, you do have options.
Across the country, bankruptcy is surrounded by myths perpetrated by creditors looking to make sure debtors pay all of their debts and has a negative stigma surrounding it, but the reality is that it can be a great financial tool for finding financial stability. When it comes to your finances, our Colorado Springs debt relief attorneys believe it’s very important to work with an experienced bankruptcy law firm with a proven track record.
Our team of El Paso County bankruptcy lawyers helps our clients achieve financial security through bankruptcy law. Our understanding of the courts, our knowledge of the law, and our experience with the Federal Bankruptcy Code make us uniquely equipped to help you find debt relief. With our help, we’ll be able to file your Chapter 7 or Chapter 13 bankruptcy and ensure your automatic stay wards off all creditors—including any who might seek to collect their debt regardless.
Contact us today for a no-cost case evaluation. There is always something to be done to improve one’s finances, regardless of how grave the circumstances are, and we’re standing by to lend the helping hand you need.