Jerry Sumner
Regent University School of Law
After becoming an attorney, Mr. Sumner continued to teach aspiring paralegals, and has taught programs in both North Carolina and Colorado. Prior to moving to Colorado in 2000, Mr. Sumner worked for a major insurance company as in-house counsel for the claim’s department. These experiences have culminated in a wealth of experience in the areas of Workers’ Compensation and Bankruptcy. Mr. Sumner’s clients are the recipient of his excellent representation, which is made possible from his rather unique history. His talent and reputation are only complimented by his tireless effort to serve his clients. During his free time, Mr. Sumner enjoys spending time with his wife and four sons and is actively involved in his church. Mr. Sumner is an Affordable Bankruptcy Attorney in Fort Collins
Levi Aaron Brooks
University of Colorado - Boulder
My name is Levi Brooks and I’m an experienced, yet affordably-priced, family law and bankruptcy attorney in Fort Collins, Colorado.
I’ve been practicing family/domestic relations law in Larimer County for about fifteen years and bankruptcy law for approximately eleven years. Although practicing in those areas of law (especially family law) can be challenging, I find it highly rewarding. I appreciate having the opportunity to help people through what is often the most difficult time in their lives. Whether it’s a divorce or a bankruptcy, my goal is to get my client through the process as painlessly as possible and give them the fresh start that they need. Mr. Brooks is a Ft Collins Affordable Bankruptcy Attorney.
Owen Hathaway
University of
Denver
Practice Areas
Thomas Ridgely
Valparaiso
University
When you are faced with legal matters, you need an experienced attorney with expert legal advice to represent you and your rights. You can trust Thomas C. Ridgely, Attorney at Law, proudly serving Fort Collins, CO for over 30 years. Known for his client-centered approach, he believes in listening to your situation and needs before considering your options. Your rights matter. That’s why Thomas C. Ridgely, Attorney at Law provides nothing but the best legal counsel for you, your business, and your family. "I'm affordable!!"
Looking for the best bankruptcy attorney fort collins? We have researched all the attorneys in Fort Collins to bring you only the best fort collins bankruptcy attorneys.
A Chapter 7 bankruptcy case does not involve the filing of a plan of repayment as in chapter 13. Instead, the bankruptcy trustee gathers and sells the debtor's nonexempt assets and uses the proceeds of such assets to pay holders of claims (creditors) in accordance with the provisions of the Bankruptcy Code. Part of the debtor's property may be subject to liens and mortgages that pledge the property to other creditors. In addition, the Bankruptcy Code will allow the debtor to keep certain "exempt" property; but a trustee will liquidate the debtor's remaining assets. Accordingly, potential debtors should realize that the filing of a petition under chapter 7 may result in the loss of property.
A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets. (3) In addition to the petition, the debtor must also file with the court: (1) schedules of assets and liabilities; (2) a schedule of current income and expenditures; (3) a statement of financial affairs; and (4) a schedule of executory contracts and unexpired leases. Fed. R. Bankr. P. 1007(b). Debtors must also provide the assigned case trustee with a copy of the tax return or transcripts for the most recent tax year as well as tax returns filed during the case (including tax returns for prior years that had not been filed when the case began). 11 U.S.C. § 521. Individual debtors with primarily consumer debts have additional document filing requirements. They must file: a certificate of credit counseling and a copy of any debt repayment plan developed through credit counseling; evidence of payment from employers, if any, received 60 days before filing; a statement of monthly net income and any anticipated increase in income or expenses after filing; and a record of any interest the debtor has in federal or state qualified education or tuition accounts. Id. A husband and wife may file a joint petition or individual petitions. 11 U.S.C. § 302(a). Even if filing jointly, a husband and wife are subject to all the document filing requirements of individual debtors. (The Official Forms may be purchased at legal stationery stores or downloaded online. They are not available from the court.)
The courts must charge a $245 case filing fee, a $75 miscellaneous administrative fee, and a $15 trustee surcharge. Normally, the fees must be paid to the clerk of the court upon filing.
www.uscourts.gov
This video outlines the differences of costs of chapter 7 bankruptcy and chapter 13 bankruptcy, and provides information as to which option will be the best choice for you based on your financial situation.
We will cover -
Fort Collins Bankruptcy Cost
Bankruptcy Cost Fort Collins
How much a Chapter 7 Bankruptcy Cost in Fort Collins?
What does a Chapter 7 Fort Collins Bankruptcy Cost?
A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years. If the debtor's current monthly income is less than the applicable state median, the plan will be for three years unless the court approves a longer period "for cause." (1) If the debtor's current monthly income is greater than the applicable state median, the plan generally must be for five years. In no case may a plan provide for payments over a period longer than five years. 11 U.S.C. § 1322(d). During this time the law forbids creditors from starting or continuing collection efforts.
Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing under this chapter, individuals can stop foreclosure proceedings and may cure delinquent mortgage payments over time. Nevertheless, they must still make all mortgage payments that come due during the chapter 13 plan on time. Another advantage of chapter 13 is that it allows individuals to reschedule secured debts (other than a mortgage for their primary residence) and extend them over the life of the chapter 13 plan. Doing this may lower the payments. Chapter 13 also has a special provision that protects third parties who are liable with the debtor on "consumer debts." This provision may protect co-signers. Finally, chapter 13 acts like a consolidation loan under which the individual makes the plan payments to a chapter 13 trustee who then distributes payments to creditors. Individuals will have no direct contact with creditors while under chapter 13 protection.
ANSWER...
In many cases you can keep your home in Chapter 7 bankruptcy. Learn more here.
ANSWER...
If your car loan lender gets court permission, it can repossess your car during Chapter 7 bankruptcy. But you have options to avoid this.
ANSWER...
Learn how long it takes to get an FHA, VA, USDA, or conventional mortgage loan after Chapter 7 or Chapter 13 bankruptcy.
source: source.com
Perhaps You Are Searching Everywhere For...
301 S Howes St, Suite 303
Fort Collins, CO 80521
E: pesciagency@gmail.com
P: (970) 224-0314