Pueblo and Colorado Springs, Colorado, Bankruptcy Lawyer
Experienced Colorado Springs Bankruptcy Attorney
At the law offices of John A. McLaughlin Jr., P.C., in Colorado Springs and Pueblo, Colorado, our legal practice dedicated solely to representing clients before federal bankruptcy courts. However, we also see the importance in educating our clients on bankruptcy laws and the impact related to a Chapter 7 or Chapter 13 filing.
Chapter 7
Discharging debt in a Chapter 7 bankruptcy presents more challenges following the new bankruptcy laws, but most of our clients will still qualify. We represent clients at the court hearings and the meeting of creditors. In addition, we advise them on their rights, remedies and obligations under the law. Our firm can also discuss the Means Test and how it helps identify people who qualify for Chapter 7. This type of personal bankruptcy is often referred to as a "fresh start" bankruptcy as it allows you to start over with your financial situation.
Chapter 13
While the process in a Chapter 13 bankruptcy filing is similar to Chapter 7, the primary difference is preparing a plan of reorganization to repay debt and obtaining court approval of the plan. We provide great attention to detail in devising a payment plan. A complex series of formulas will help us calculate that amount so you can get a fresh start.
Initial, No-Obligation Consultation
You will be involved in the process of filing bankruptcy, and we at the law offices of John A. McLaughlin Jr., P.C., will ask you to provide a great deal of information related to your finances. The more thorough and accurate you are in your data collection, the easier the process becomes. At your first appointment, we ask that you provide us pay stubs and a list of creditors. Eventually, we will ask for more information, but that puts us at a good starting point toward reorganizing or discharging your debts.
Responding to Concerns by Educating Our Clients
The impact of the new bankruptcy laws is often misunderstood and exaggerated, becoming one of the many bankruptcy myths that exist. While the laws present some challenges and more steps that you need to take in the process, including mandatory credit counseling, most of our clients still qualify and still receive a discharge of debt. Losing your car or house is rare, and we have experience to help prevent car repossession and stop foreclosure of homes. We also provide clients with guidance on how to deal with wage garnishment and creditor harassment.
Contact Us
Your post-bankruptcy life does not need to be about regrets over decisions and mistakes made. Consider it a fresh start with more opportunities to re-establish your credit than you would expect. For more information or to schedule an appointment with an experienced Colorado Springs bankruptcy lawyer, please contact us.
