How Do I File For Bankruptcy In Colorado

A significant number of people who could benefit from filing for bankruptcy often don’t file because of certain misconceptions. Most of these misconceptions are promoted aggressively by creditors because creditors want debtors to pay the full amount they owe. Contact an experienced bankruptcy lawyer to help you determine whether filing for bankruptcy is the right option for your particular situation.

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You Can Get Credit After Filing For Bankruptcy

Despite the fact that your bankruptcy can stay on your credit report for 7 to 10 years, your credit score is likely to rebound a few months after your bankruptcy is concluded. In fact, you may start receiving credit card offers just weeks after your debt has been discharged. Granted interest rates for the loans may be higher but you can still get credit. It means you don’t have to wait 7 to 10 years to finally be able to purchase a home and vehicle.

You Can File For Bankruptcy By Yourself If You Are Married

Bankruptcy FactsThe idea that you and your spouse both have to file for bankruptcy is a myth, because it assumes that you and your spouse share liability for a debt. The spouse with a significant amount of debt solely in their name can file for bankruptcy alone. But if both spouses have joint debts together such as credit cards, mortgages, and or loans, then filing jointly is appropriate. You can eliminate or restructure your joint debts through bankruptcy.

Most People Who File For Bankruptcy Are Not Irresponsible Or Criminals

Most people who file for bankruptcy are normal people that have found themselves in financial problems because of circumstances that are beyond their control. They are mostly good people that have lost their jobs, or have incurred significant medical bills because of an injury or illness, or other reasons. For such people bankruptcy is a way to eliminate their debts and get a fresh start. Talk to an experienced bankruptcy lawyer if you are in desperate need of relief.

It Is Easier To File For Bankruptcy Now Than In The Past

You can file for bankruptcy electronically. All you need to do is provide your lawyer with the following:

  • A completed intake form
  • Values of your property
  • Tax returns for 2 years
  • Paystubs for 6 months
  • A complete list of your debts

The trustee assigned to your case after you file may need more documents but your lawyer can help you retrieve them.

Denver Bankruptcy Lawyer Nearby

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  8. Statute Of Limitations On Debt In Colorado
  9. Notice Of Conversion From Chapter 7 To Chapter 13

You Can File For Bankruptcy More Than Once

It is not unusual for people to experience a financial rut more than once in their lifetime. Under Chapter 7 bankruptcy you can receive a discharge once every 8 years and Chapter 13 you can receive a discharge every 2 years. But you have to wait 6 years to file a Chapter 13 bankruptcy if you obtained a discharge under Chapter 7 bankruptcy. Those who obtain a discharge under a Chapter 13 bankruptcy have to wait 4 years before they get a discharge under a Chapter 7.

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