Remove Chapter 13 bankruptcy Remove Government Remove Unsecured Creditor
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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

Consider your income, assets, creditors, expenditures, and your ability to pass the means test while selecting between Chapter 13 and Chapter 7. You should get legal assistance from a knowledgeable bankruptcy attorney in Denver. The United States Bankruptcy Code governs both chapter 7 and chapter 13 bankruptcy.

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Will Bankruptcy Erase ALL of My Debt?

Sawin & Shea

There are exemptions depending on the property and how essential it is, but anything considered nonexempt will likely be sold to help pay off your creditors. In Chapter 13 Bankruptcy: Chapter 13 bankruptcies work a little differently. Certain Tax Debts. Student Loans.

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Dealing With Debt From COVID-19

Debt Free Colorado

Either way, you should speak with an experienced debt relief attorney about strategies for dealing with unsecured creditors. This is fairly easy to accomplish with federal student loans, and because the federal government is working to waive interest on these loans, it won’t wind up costing you much in the long run.