Greeley Chapter 13 Bankruptcy Lawyer
What could be more stressful than thought of losing your home to foreclosure or having your car repossessed? A Chapter 13 bankruptcy offers protection for individuals with larger assets.
The Law Office of Dennis Love, LLC, in Greeley, Colorado, represents clients with debt relief issues throughout the eastern plains. Firm founder Dennis Love is a Greeley Chapter 13 bankruptcy attorney who is dedicated to providing clients with the chance to begin their lives over again.
How a Chapter 13 Works
A Chapter 13 bankruptcy, or wage earners plan, is a complicated legal process used to reorganize and eliminate debt through a repayment plan. A lawyer is not required to file a Chapter 13 but attorney can help you to protect your assets during every legal step.
Often, those who do not qualify for a Chapter 7 bankruptcy because of family size, total gross income or asset holdings, such as a large amount of home equity, will pursue a Chapter 13 bankruptcy. This option for the reorganization of personal debt involves the consolidation of all unsecured debt into one monthly payment over a three- to five-year period. During this time, all disposable income will be paid to creditors. Once this repayment plan is complete, all remaining debt will be discharged. Attorney Love can help you to determine the unsecured debt you have from credit cards, car payments, mortgage payments and other sources. He can guide you through the legal process required for a Chapter 13 and will keep you updated on the progress of your case.
How Do You Know If Chapter 13 Bankruptcy Is Right for You?
A Chapter 13 bankruptcy filing may stop all foreclosure proceedings, wage garnishment, lawsuits, phone calls and mailings.
What is an automatic stay?
The legal term ‘automatic stay’ is best defined as a stop put on creditors or debt collector’s legal actions in process against you, including ending harassing phone calls. An automatic stay prevents creditors from continually harassing you with phone calls and letters while your bankruptcy is in process.
A Chapter 13 can help you:
- Save your house
- Lower the value of your car payment
- Strip a second mortgage off your monthly mortgage payment
Is Chapter 13 Bankruptcy Right for You?
You should consider Chapter 13 bankruptcy if you can answer ‘yes’ to any of these questions:
- Are your wages being garnished?
- Are you being sued by a debt collector?
- Are you overwhelmed with medical bills?
- Have you or your spouse lost your job and having problems paying your bills?
- Are you having problems paying your credit card bills?
- Are you getting calls from debt collectors in the middle of the night or early in the morning?
- Are you getting threatening letters in the mail from creditors?
Contact a Chapter 13 Bankruptcy Lawyer
The first step toward a new, better financial future can be meeting with a lawyer to learn your legal options. Contact your Loveland attorney to discuss foreclosure issues, call 970-373-1704 or send an e-mail to schedule a free initial consultation.
The Colorado Bar Association does not consider any lawyer to be a specialist and attorneys cannot advertise themselves as experts. Anyone considering hiring a lawyer should consider the attorneys’ credentials and legal qualifications.
THE LAW OFFICE OF DENNIS LOVE IS A DEBT RELIEF LAW FIRM AS DEFINED BY 11 U.S.C. 528. I HELP PEOPLE FILE FOR BANKRUPTCY RELIEF UNDER THE U.S. BANKRUPTCY CODE.