Why Bankruptcy?

Whether you are seeking the simplest form of bankruptcy, which is a Chapter 7 liquidation, or the lengthier Chapter 13 solution for those with significant assets that they wish to protect, it is important that you understand the process. It is also vital that you are advised of the pros and cons and how to ensure that your case will have the best chance for success. You will be subject to various procedures and inspection by the bankruptcy court. Our firm can guide you through the process, ensure that your case is handled professionally, and help you understand how to rebuild your life after the bankruptcy process is completed.

You may come to us needing help with creditor harassment, wage garnishment, foreclosure warnings, and other indicators and consequences of debt overload. Our goal is to assist you in understanding your options so that you can make the best decisions for yourself and your family. To that end, we believe in providing client service that is knowledgeable, friendly, and that exceeds your expectations while remaining competent at this crucial juncture in your life. We want you to be able to eliminate insurmountable debt legally, to be able to keep your home, your car, and other belongings as well as to be able to sleep at night and enjoy life with a renewed sense of control and possibility. We believe such goals can be attained through proper legal guidance and representation.

What Happens When You File for Bankruptcy?

Depending on the type of bankruptcy you file for, you will be given the opportunity to pay a portion of your debts over time or have some of them discharged or eliminated entirely, meaning that you are no longer responsible for paying them back.

One thing for certain is that when you file for bankruptcy, an “automatic stay” is triggered. This means that creditors or collectors are notified to stop all attempts from collecting on your debts. No money may be deducted from your banking accounts nor may wages be garnished. Depending on when you file for bankruptcy, it may also delay the repossession of your property or a foreclosure process.

If you are eligible and decide to file for Chapter 7 bankruptcy (also known as “liquidation bankruptcy”), a court-appointed trustee will be appointed to your case. They will sell your assets and distribute the net proceeds to your creditors to pay off your debts. Not to worry, not all of your assets will be sold -- there are exemptions. To learn more about it, explore our site further or reach out to our Centennial bankruptcy attorney.

If you qualify for Chapter 13 and file this bankruptcy, your debts will be restructured and a 3 to 5-year repayment plan will be created to pray some or all of your creditors. The bankruptcy court must approve the repayment plan in order for it to be active. After approval, you simply need to follow the repayment plan and repay your debts until it is discharged. This type of bankruptcy is a good option for those who are earning a regular income.

Why Choose Wagner Law Office, P.C.?

Bankruptcy Expertise: With a primary focus on bankruptcy law, our Centennial bankruptcy attorneys possess in-depth knowledge and expertise to guide you through every step of the bankruptcy process.

Client-Centric Approach: We prioritize our clients' needs, offering personalized and empathetic guidance tailored to their unique financial situations. Your concerns are our top priority.

Proven Track Record: Wagner Law Office, P.C., has a proven track record of success in assisting clients in achieving debt relief through bankruptcy. Our commitment to positive outcomes has earned us a reputation for excellence.

Local Insight: Serving Centennial and the surrounding areas, we have a deep understanding of local bankruptcy laws and procedures, ensuring that our clients receive informed and effective legal representation.

Contact Our Centennial Bankruptcy Attorney

If you are considering bankruptcy in Centennial, Wagner Law Office, P.C., is here to help you navigate the process with confidence. Schedule a confidential consultation with our experienced Centennial bankruptcy lawyer to discuss your financial situation, explore your options, and determine the best course of action for achieving a debt-free future. Trust us to be your dedicated advocates in the pursuit of financial relief.

If you are struggling against debt, our bankruptcy lawyer in Centennial at Wagner Law Office, P.C. can help determine what your best options are to help your financial situation. Contact us for a free initial consultation as soon as possible.