Bankruptcy Lawyer Thornton CO
Bankruptcy Lawyer Thornton CO, Serving all of Weld County
Are you drowning in debt?
Are you unable to make your monthly payments?
Is your home in danger of being foreclosed upon?
Let one of our Englewood, CO bankruptcy attorneys pre-qualify you today.
Call now at 720-429-2557 to speak with one of our experienced Thornton, CO bankruptcy attorneys.
We offer low flat fees and flexible payment plans.
Bankruptcy Attorney Thornton CO, Adam A. Tirella
Experienced Colorado State Bankruptcy Attorneys
We are Thornton, CO and Adams County bankruptcy attorneys who assist hundreds of people throughout Adams County legally discharge their debts and get a fresh financial start every year.
If you live in Thornton, CO and are struggling every month to pay your bills, we invite you to call and speak with one of our experienced Colorado State bankruptcy attorneys.
Filing for bankruptcy is not for everyone, and our Thornton, CO bankruptcy attorneys will honestly and thoroughly assess your situation before making any recommendations. The bottom line is that we’re here to help, not to pressure you down any one path.
For many of our potential Adams County clients, however, bankruptcy is indeed their best option, especially if they are able to qualify for a Chapter 7 bankruptcy. Whether you file a Chapter 7 or a Chapter 13, however, filing for bankruptcy offers a number of protections and advantages.
Bankruptcy protection stops collections, garnishments, lawsuits, repossessions, foreclosures, and creditor harassment.
In most cases, bankruptcy filers also keep all of their property, including their house, cars, furniture, and other household items.
Bankruptcy Provides a Fresh Start & New Beginning
The credit card companies and the debt collectors that do their dirty work for them want you to believe that filing for bankruptcy somehow means that you are a failure. This is nonsense.
If you qualify, filing for bankruptcy is your legal right. At a minimum, you owe it yourself to speak with one of our Thornton, CO bankruptcy lawyers and more learn about your legal rights and options. You can then make an informed decision about what is best for you and your family.
Stop Harassing Creditors
You don’t have to live in fear of your phone ringing anymore.
One of most valuable services that our Thornton, CO bankruptcy attorneys can provide is getting those obnoxious and annoying creditors off your back by stopping all of those harassing phone calls.
Hiring a bankruptcy lawyer can greatly assist in stopping creditor harassment, even before your bankruptcy petition is filed. Once you hire our law firm, we will assist you in stopping all creditor harassment.
If these creditors continue to violate the law and harass you, we can also assist you taking legal action again them under the Fair Debt Collection Practices Act.
The Federal Fair Debt Collection Practices Act is here to protect you. It prohibits the unfair collection of consumer debts. If you can demonstrate that your creditors intentionally and repeatedly violated the Act before or after you retained a bankruptcy attorney, you may be able to recover monetary damages.
If you believe that you have been a victim of unfair debt collection practices, one of our Thornton, CO bankruptcy attorneys can assist you in evaluating your claim.
Is Filing for Bankruptcy Right for Me?
This is the question that every potential client really wants answered. The simple truth, however, is that ultimately you are the only one who can really answer this question. Filing for bankruptcy is not for everyone. But it does provide a number of advantages over most of our clients’ other options.
All our Thornton, CO bankruptcy lawyers can do is assess your situation and then provide you with guidance and legal advice based on our experience. If you are able to qualify for bankruptcy, and you find yourself coming up short every month and going further and further into debt, it probably is your best option. Indeed, for most of our clients, it is the best available option.
The bottom line is that unless you realistically have some hope of being able to pay down and ultimately pay off your creditors, you are probably best served financially by simply getting a fresh start and filing for bankruptcy. Bankruptcy allows you to discharge all of your qualifying debts while often keeping 100% of your personal property.
Our Thornton, CO bankruptcy attorneys will sit down with you and determine if you can even qualify for bankruptcy. You can then make an informed decision about what is in your best interests. At a minimum, you will understand your legal rights here in Colorado State under the Bankruptcy Code.
We may be able to turn your financial life around following a brief initial consultation.
Thornton, CO Chapter 7 Bankruptcy Attorneys
A Chapter 7 bankruptcy is specifically designed to assist people who are struggling or who are unable to pay their existing debts. Chapter 7 bankruptcy is sometimes referred to as a “liquidation” or a “straight money” bankruptcy because trustee can seize your assets to pay your debts.
For most of our Thornton, CO Chapter 7 bankruptcy clients, however, the trustee does not seize any of their property because we are able to legally exempt it from being sold. As a result, our clients are able to have 100% of their qualifying debts discharged while keeping 100% of their personal property.
Chapter 7 Bankruptcy is also the most common form of bankruptcy filing. Its primary benefit is that it allows you to “discharge” or eliminate many of your existing consumer debts.
If you are currently suffering from bills that include credit cards, car loans, Payday loans, personal loans, checking account overdrafts, medical bills, or utility bills, filing for Chapter 7 is designed to assist you in wiping out 100% of these debts.
If You are Currently Overwhelmed by Debt, Relief is Available
For many of our Adams County and Thornton, CO bankruptcy clients, their debts have simply overwhelmed them. In today’s economy, it can and often does happen very quickly.
If a family loses a significant source of their income, it’s often impossible to quickly replace it. And, for many of our clients, it’s simply impossible to replace this income at all. The result is that our clients quickly find themselves being financially drowned by forces that are largely out their control.
In today’s crazy economy, most of our clients simply lack the ability to pay all of their current obligations, and they have no realistic hope of being able to do so any time soon. Divorce and unexpected medical bills can also be a major driving force.
The bottom line is that you’re not alone.
Especially in Times Like These, the Bankruptcy Code is Here for Your Protection
Given these turbulent economic times, things are tough out there. For many of our clients, there is simply no realistic hope that things are going to turn around for them any time soon. This is one of the primary reasons that the bankruptcy code is here.
It’s here to assist those suffering during these difficult and unpredictable economic times. For many of our clients, their current financial predicament is not their fault. Things have just spun out of control on them.
Many of our clients are good people who paid their bills on time for a number of years. And, they often try their best to make the minimum payments due only to have the credit card companies and other debt collectors try to jam outrageous penalties, interest rates, and fees down their throats. It becomes a vicious and never-ending cycle.
Eventually, it becomes completely paralyzing. Even for those clients who struggle and sacrifice to make the payments they can, they often turn around six months or even years down the road and realize that they are no better off than when they started trying to “work with” their creditors.
This is where a Chapter 7 bankruptcy can help. No matter what you may have heard or what the debt collectors have tried to tell you, it is a perfectly legitimate way to reorganize your finances by discharging and wiping out your debts while retaining most, if not all, of your property.
Who is Eligible to File a Chapter 7 Bankruptcy?
In order for our Thornton, CO bankruptcy clients to file a Chapter 7 bankruptcy, they must complete credit counseling, and they must also pass the Colorado State means test, which is partially determined by the number of people in their household.
If a potential bankruptcy client from Thornton, CO calls our offices and we determine that their current monthly income is less than the Colorado state median for a household of their size, then that person will most likely be able to file a Chapter 7 bankruptcy.
If, however, the individual’s current monthly income is greater than the Colorado state median income, then we will need to undertake additional analysis using the means test, which is what the bankruptcy court will apply.
The means test is designed to determine if the filing of a Chapter 7 bankruptcy petition is “presumptively abusive”. The application of the means test, however, can be complicated. As a result, a proper means test can only be applied after a thorough review of a client’s income and debts.
Our Thornton, CO bankruptcy attorneys will assist you in determining whether or not filing a Chapter 7 is a viable option. Even with the new changes to the bankruptcy laws, the majority of Thornton, CO bankruptcy clients that we are meeting with right now are still able to qualify for a Chapter 7 bankruptcy. As a result, this is typically their best option.
Thornton, CO Chapter 13 Bankruptcy Attorneys
Keep your house out of foreclosure.
One of the primary reasons that many of our Thornton, CO bankruptcy clients file a Colorado State Chapter 13 bankruptcy is because their home is currently facing foreclosure. A Chapter 13 bankruptcy is often referred to as a “house saver” plan. And, it’s often your best option if foreclosure is on the horizon.
If you live in Thornton, CO, you have no doubt felt the economic impact of the last few years. This is especially true in our local housing market. The majority of our clients who file a Chapter 13 bankruptcy are hoping to save their home from foreclosure.
If you live in Thornton, CO or elsewhere in Adams County and are facing home foreclosure but have a steady income, a Chapter 13 bankruptcy may be your best option to retain your house and other personal property while discharging most, if not all of your other debts.
Your income is too high to qualify for a Chapter 7 bankruptcy.
One of the other primary reasons why our Thornton, CO bankruptcy clients opt for a Chapter 13 is because their income is too high to qualify under the Chapter 7 “Means Test.”
Of course, this does not mean that they are financially solvent. Often, it simply means that they have been fortunate enough keep their job despite the turbulent economy. If you are like many of our Thornton, CO Chapter 13 bankruptcy clients, you are just barely hanging on even though you are still employed.
Despite being employed, many of our clients are simply still unable to meet their monthly obligations and need the protection of the bankruptcy code. A Chapter 13 bankruptcy is often referred to as “wage earner” bankruptcy because it is designed to assist people who have a steady source of income but who are still unable to meet their monthly obligations.
There are, however, some built in debt limits that must be properly analyzed. In order file a Chapter 13 bankruptcy you must have less than $336,900 in unsecured debt and less than $1,010,650 in secured debt. After analyzing the specific facts and circumstances of your case, our Thornton, CO bankruptcy attorneys will help you to determine if a Chapter 13 bankruptcy is right for you.
A Chapter 13 bankruptcy allows you to pay your creditors back on terms that are favorable to you and at a monthly rate that you can afford. Chapter 13 bankruptcy also allows you to keep certain property, such as your house or your car, even if you have fallen behind on your payments.
The vast majority of our Thornton, CO bankruptcy clients who file a Chapter 13 plan are also able to keep all of their personal property. If you are in danger of losing your house, your car, or other property, and you are tired of debt collectors calling an harassing you, we invite you to call and learn more about your legal rights and options.
Our experienced Thornton, CO bankruptcy attorneys can assist you in deciding if a Colorado State Chapter 13 bankruptcy is right for you. There is no charge for the initial consultation during which we will undertake a preliminary analysis and evaluate your case.
The only thing you have to lose is your debt.
Call now to speak with one of our experienced Thornton, CO bankruptcy lawyers and learn more about your options.
Experienced Colorado State Bankruptcy Lawyers
We offer low flat fees and flexible payment plans.