Colorado Springs Chapter 7 and 13 Bankruptcy Attorney
- Are you overwhelmed by credit card debt or medical bills?
- Do you think current bankruptcy laws will prevent you from filing Chapter 7 or Chapter 13?
- Are you concerned that the new bankruptcy laws have eliminated the option of bankruptcy altogether?
Bankruptcy reforms enacted in 2005 have had a minimal impact on the number of clients we see and the number of clients who qualify for bankruptcy protection. At the law offices of John A. McLaughlin Jr., P.C. in Colorado Springs and Pueblo, Colorado, we educate our clients on those new laws, bringing them an even greater sense of relief.
Misconceptions About Filing Chapter 7 and Chapter 13 Bankruptcy
In the weeks and months leading up to the new bankruptcy laws enacted on October 17, 2005, bankruptcy attorneys took to the airwaves, imploring prospective clients to see them before those new regulations took effect. The message was clear: File for bankruptcy now while the laws still allow you. Those calls to action not only brought a lot of business, but also added to the misconceptions that already existed about Chapter 7 and Chapter 13 bankruptcy.
Educating Clients on the True Impact of Current Bankruptcy Laws
At the law offices of John A. McLaughlin Jr., P.C., we educate our clients about the new laws and other myths about bankruptcy. At least 80 percent of our clients still qualify for a Chapter 7 bankruptcy after taking the "mandatory means" test related to income. Of those clients who do not qualify, they still can likely file for a Chapter 13 reorganization. Mandatory credit counseling is a step that is both positive and educational in preventing future financial problems. It sounds intimidating, but the counseling is not. In fact, this step is one of the easier steps you take in achieving a successful case. A step made even easier through the experience our office provides clients.
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To get more information or to schedule an appointment with an experienced bankruptcy lawyer, please contact us.
