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Discharging Debt in Denver? Can You Include Your Bankruptcy Attorney Fees?

Debt Free Colorado

Quick Summary: Bankruptcy is a legal process that offers relief from overwhelming debt for individuals and businesses. A bankruptcy attorney assists clients in understanding the complexities of this process. Certain debts—such as credit card debt, medical bills, and personal loans—can be discharged.

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Does Chapter 13 Wipe All of Your Credit?

Sawin & Shea

Chapter 13 bankruptcy is an invaluable financial tool for those struggling with overwhelming debt, and it can pave the way for a fresh start. Unlike Chapter 7 , Chapter 13 bankruptcy allows you to avoid liquidating your non-exempt assets. What Is a Chapter 13 Bankruptcy Filing?

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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

A variety of factors determine if you’ll be able to discharge all of certain personal loans, including whether the loan is secured or unsecured and whether you file via Chapter 7 or Chapter 13 bankruptcy. Chapter 7 will remain on credit reports for ten years and Chapter 13 bankruptcies remain for seven years.

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How Soon Will My Credit Score Improve After Bankruptcy in Broomfield, CO?

Debt Free Colorado

The higher your credit score before filing for bankruptcy, the worse it will be following your filing. For instance, if your FICO score falls between the good and excellent areas, filing for Chapter 7 or Chapter 13 bankruptcy may result in a 200-point decline in your credit score.