Bankruptcy - Chapter 13

Chapter 13 bankruptcy is a debt consolidation and repayment plan for individuals. If you have a steady income, it offers you the opportunity to repay your debts over a three- to five-year period and keep your assets. In addition, the total amount of certain types of debt such as credit card bills may be reduced by 90 percent or more.

What Are the Advantages of Filing Chapter 13 Bankruptcy?

• Provides debt relief for people whose income is too high to file Chapter 7 bankruptcy.
• Offers a beneficial way of dealing with property and debt issues (such as home
   foreclosure) that aren't available in Chapter 7 bankruptcy.
• Gives you the ability to pay non-dischargeable debts such as child support and alimony
   arrearages and some back taxes over time.
• Allows you to pay less than the total balance owned on some loans secured by
   personal property, such as car loans.
• Provides a three- to five-year repayment plan that restricts a lot of things creditors can
   do during that period, such as harassment and wage garnishments.
• Allows you to buy back value that exists in nonexempt property, such as cars, that may
   have to be surrendered to a trustee in a Chapter 7 bankruptcy

Our lawyers have extensive experience in preparing Chapter 13 bankruptcy petitions and proposed plans for debt repayment. Our lawyers are familiar not only with bankruptcy laws but also with how bankruptcy trustees and courts in the Denver metro have handled situations similar to yours.

Free Attorney Consultation

To discuss your Chapter 13 bankruptcy case with us, call us at 303-990-5305 in the Boulder, Colorado metro area.

We are a debt relief agency. Our lawyers also help people file for bankruptcy relief under the U.S. Bankruptcy Code.

Please go to www.burnhamlaw.com for a full overview of the firm and the services provided in both New York and Colorado.