What is Chapter 13 Bankruptcy?

Chapter 13 Bankruptcy in Colorado is basically a repayment plan to your creditors supervised by the United States Bankruptcy Court. Your “plan payments” can range from 36 months to 60 months and usually do not pay the creditors in full (i.e., you can save your family a lot of money!). When you file your Chapter 13 Bankruptcy, you make payments to a Colorado Chapter 13 Trustee and the Trustee distributes your payments to certain creditors in accordance with Colorado Bankruptcy Laws and the Chapter 13 Plan that was created by your attorney and approved by the court. This general description is true whether you are filing Chapter 13 Bankruptcy in Colorado Springs or in the Denver Metro area.

Chapter 13 Bankruptcy provides you an opportunity to, among other things, (1) catch up the mortgage or car payment, (2) keep property you otherwise would have surrendered in a Chapter 7 Bankruptcy, and (3) pay your tax obligations in a feasible manner. There are various reasons why a person files a Chapter 13 Bankruptcy and Wagner Law Office will take the time to discuss with you the possible benefits of a Chapter 13 Bankruptcy.

How to Get Started with Your Chapter 13 Bankruptcy in Colorado

Not every person is a suitable candidate for Chapter 13 Bankruptcy.  The laws in Colorado are complex and navigating the rules of law successfully requires the assistance of a skilled Chapter 13 attorney with specific experience in the state of Colorado.  Wagner Law Office offers a free consultation to anyone seeking assistance in considering the filing of a Chapter 13 Bankruptcy.

During your consultation, we will do the following:

  • Allow you to get to know us so you can decide whether you are comfortable trusting your case with Wagner Law Office.
  • Allow Wagner Law Office to determine the feasibility of your case and what all of your options are.
  • Help you make informed decisions about your current finances and your financial future.

Once you decide to move forward with the Chapter 13 Bankruptcy, the ball begins to roll quickly. Making your decision early works to your best interest because it puts an end to the endless stream of collections phone calls that disrupt your life and cause you to feel helpless, hopeless, or endlessly frustrated.  Let us help you decide if this is the right choice for you. Schedule your free consultation with Wagner Law Office today!