Bankruptcy Law Overview

Denver, Colorado Debt Consolidation Attorney

At the Law Offices of Les Schwartz, we offer more than 30 years of bankruptcy law experience and can offer bankruptcy assistance that many lawyers cannot. Contact our Denver Colorado consumer credit counseling lawyer for a free initial consultation.

Knowledgeable Bankruptcy Representation

Our Fort Collins bankruptcy lawyer, Les Schwartz is experienced with collections, foreclosures, and bankruptcy. We assist individuals and businesses filing bankruptcy under the following:

• Chapter 7 bankruptcy: Chapter 7 is structure for individuals or entities with little or no assets to lose in liquidation and bankruptcy. Chapter 7 is a simpler and cheaper form of bankruptcy, but not necessarily the best in your case. All qualified debt is discharged.
  
  Eligibility for ch. 7 is based on your income, debts, expenses, and whether your debts are mostly business or consumer. You may have a liquidation if you have certain types of assets ("non-exempt) adding up to at least $1000-1500. The question of whether or or not an asset is exempt is not always obvious. If you have a ch. 7 with a liquidation, you will be required to turn over these assets or pay the value in cash to keep them.
  
  
• Chapter 11 bankruptcy: Chapter 11 is structured for corporations or other business entities with extensive debt and assets who plan to continue the business after declaring bankruptcy.
  
  
• Chapter 12 bankruptcy: Chapter 12 is structured for family farmers who plan to continue operating the farm, yet do not qualify for chapter 13.
  
  
• Chapter 13 bankruptcy: Chapter 13 is structured for individuals, businesses, and farmers that qualify. It reorganizes a percentage of the debt into a repayment plan and discharges the remainder upon completion of the plan. The percentage paid ranges from 0% to 100% depending on various factors.
  
  Ch. 13 is generally for people with one or more of the following situations: (1) do not qualify for chapter 7 because of high income or previous bankruptcy in the last 6-8 years; (2) need help catching up on house or car payments; (3) need help with past due taxes or child support; or (4) want to avoid liquidation of assets in chapter 7. In chapter 13 there is never a liquidation of assets.

Experienced Bankruptcy Assistance

If you have questions about bankruptcy or need an experienced bankruptcy lawyer, our Fort Collins and Centennial Colorado debt consolidation attorney can assist you with debt relief. Contact our Colorado bankruptcy law firm today.

Law Offices of L.B. Schwartz
A Bankruptcy Law Firm

The Law Offices of Les Schwartz serve clients in Arapahoe County, Douglas County, Elbert County, and Denver, Colorado, including Centennial, Littleton, Highland Ranch, DTC (Denver Tech Center), Greenwood Village, Englewood, and Castle Rock.

The firm also serves clients in Northern Colorado in the Fort Collins area, including Larimer County and Weld County, Fort Collins, Loveland, Greeley, Windsor, and Longmont.