Are you struggling to pay off debts? You could have debts from medical procedures, academics or mortgages. There's a solution to your debt problem. The Horvath Law Firm LLC guides clients on Chapter 13 and Chapter 7 bankruptcy in Littleton, CO.
Filing for bankruptcy provides financial relief to many people. It can help you:
Chapter 7 bankruptcy allows a debtor to identify all debts and assets. Chapter 7 is considered a liquidation bankruptcy since any property not protected by law is sold to pay creditors in exchange for full forgiveness of certain debts.
Meanwhile, Chapter 13 bankruptcy allows you to create a payment plan that runs 36-60 months. You may not pay off all of your debts in full, but the payments must be completed for your debts to be forgiven.
Some debts do not go away with bankruptcy. Common examples include taxes, student loans, court fines or fees and child support or alimony. Consult a well-qualified bankruptcy attorney from The Horvath Law Firm in Littleton, CO today.