Denver Bankruptcy Attorneys - Law Office of Andrew McKenna

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    303-730-8819
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    Contact us today at 303-730-8819, or use our CONTACT PAGE to request your free Telephone Consultation with Andrew F. McKenna, The Bankruptcy Attorney.

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    Too often, people struggling to manage debt mistakenly believe that seeking bankruptcy protection in Colorado will result in the loss of investments or will jeopardize their ability to fund a secure retirement. Nothing could be further from the truth. In fact, filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy in Denver can actually help shore up your retirement plans.

    The Denver bankruptcy lawyers at The Law Office of Andrew McKenna understand you have questions. And we are here to help. That’s why we offer a free and confidential consultation to Colorado residents considering bankruptcy.

    Protecting Investments in Colorado Bankruptcy

    Chapter 13 bankruptcy permits you to keep your assets – including real estate and investments – while establishing a 3- to 5-year repayment plan to manage your debts. Filing for Chapter 7 bankruptcy in Colorado will permit you to erase most debt and start fresh. Assets protected in bankruptcy include:

    • Profit-sharing plans
    • 401K plans
    • IRAs
    • Pension Plans
    • Social Security Benefits
    • Disability Benefits
    • Assets held in business partnerships
    • Personal Injury settlements
    • Tax-sheltered college plans
    • Life insurance
    • Retirement annuities

    The fact of the matter is that those struggling to manage debt can do real harm by tapping 401k plans or IRAs in an effort to keep their heads above water. Not only will you incur taxes and penalties, but you will be forfeiting the future earning power of those funds. In most cases such withdraws are used to temporarily avoid default; the result is throwing good money after bad and is usually ill-advised.

    While funds in a standard brokerage account may not enjoy the same protections, most people facing severe financial problems have long since liquidated such assets. In other cases, a Chapter 13 bankruptcy can establish a repayment plan and protect even those assets held in unprotected brokerage accounts.

    Contact a Colorado Bankruptcy Attorney Today

    If you need bankruptcy assistance in Denver or would like more information, call The Law Office of Andrew McKenna today at 303-730-8819for a free consultation or contact us online. We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code

    Denver Bankruptcy Help – 303-730-8819– Free Consultation

  • ANDREW McKENNA’s CREDENTIALS

    20 Years of Experience
    NACBA Member
    Only represents consumers
    BBB Accredited, A+ Rating

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    Address:

    North Metro Denver Office – 11154 Huron
    St. Northglenn, CO 80234

    South Metro Denver Office – 3801
    E. Florida, Suite 400, Denver, CO 80222

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