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  • What are the Consequences of Bankruptcy in Colorado?

    Bankruptcy might be seen from a negative perceptive, but in Colorado the picture is different as here little or no stigma is attached to this complex legal process. This is because after being discharged from bankruptcy a person can begin fresh with free from debt collector’s calls, free from living under the constant threat of mortgage foreclosure and maxed out credit cards. It can be said that the consequences of bankruptcy in Colorado is positive with an opportunity to start fresh life.

    One of the important consequences of bankruptcy in Colorado is creditors are forbidden to call the borrowers as soon as there is a successful filing of bankruptcy. In Colorado, the consumer bankruptcy laws are quite powerful to allow its residents a fresh start of debt-free life. After filing bankruptcy the lawyer and his or clients can have a thorough discussion with complete peace of mind over the next best course of action. In this connection it is important to remember that you must hire an experienced Denver bankruptcy lawyer so that you can be discharged within months letting you to move forward for a better start with sound financial future.

    Thinking about the financial objectives after bankruptcy is a wise decision. A good start would be to keep aside a portion of what you have been paying for credit cards as your savings funds. Knowing what debt is discharged and what not under bankruptcy law of Colorado helps you to understand how you can start building for your future well-being. Debts like Credit card bills, medical debts, repossessions, judgments, collection, back rent, utilities, miscellaneous are discharged. On the other hands students loans, child and spousal support, certain taxes and criminal penalties and fines are not discharged. To know more details you can contact your Denver bankruptcy attorney hired to handle your case.

    There is absolutely no reason that you should feel guilty about filing a bankruptcy. Bankruptcy is viewed as “responsible approach” by the court because you can longer pay back your debt. Filing bankruptcy means you are agreeing to be responsible for all the future debt and thus the law provides you an opportunity for a fresh start.


    20 Years of Experience
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    Only represents consumers
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    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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