Monday 17 June 2013

Fort Collins Bankruptcy Attorney Helps Locals With Debt Relief Options

By Jeferson Tuyor


A Fort Collins bankruptcy lawyer provides valuable services during some of life's most difficult times. If your debts are beginning to overwhelm you, it is best to seek professional assistance before matters get worse, and you end up losing everything. When you visit your attorney you can explore all of the options that you may have.

Making an appointment to see a debt relief professional only takes a few minutes time. Contact the law office and you can talk to someone that will schedule you an appointment. Your initial meeting is a consultation with a lawyer and there is no charge for this service, so you risk nothing.

It will be easier if you prepare for your initial visit by bringing financial information with you. List all creditors, payments, and amount owed. Also bring your income information. Make sure to mention everyone that you owe, to give the attorney a good idea of your situation.

During your consultation, the lawyer examines your paperwork to see what kind of obligations you have. In some cases, your best option may be a chapter 7. This option is also called liquidation of assets, as you are not going to repay your creditors. Important assets are surrendered or sold to pay off a percentage of the debts.

Just because you file chapter 7 does not mean you will lose all our belongings. You may be able to keep your home and car. Also, personal items like clothing are allowed. Your lawyer will explain how chapter 7 laws work and what to expect.

You could be better off with a Chapter 13. This allows you to repay off all your debts within three to five years. Your Fort Collins bankruptcy attorney is there to explain all of the options that you have. This helps you make the best decision for your future and that of your family.




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