When you hire our firm, you will work directly with our lawyer throughout the bankruptcy process. We will thoroughly review your unique circumstances to determine how and whether bankruptcy can help you. We emphasize tailored solutions and personalized attention in our approach and are committed to doing everything possible to secure your clean financial slate.
Both forms of consumer-oriented bankruptcy protect filers via the automatic stay, a court order that stops all collection actions. This means bankruptcy can be leveraged to avoid foreclosure, repossession, and other damaging collection efforts. Upon completing bankruptcy, filers generally qualify to discharge unsecured debts, including credit card debt, medical debt, unpaid utility bills, and personal loans. We can walk you through what each bankruptcy filing process entails and the results you should expect.
Contact us online or call (303) 816-8976 to learn more about how our bankruptcy services in Centennial can help you overcome financial difficulties. Norton Law, P.C. offers flexible payment plans and weekend appointments.
- Chapter 13 Bankruptcy . If you have considerable income or have non-exempt assets you wish to keep, Chapter 13 bankruptcy may be the right choice for you. Filing involves proposing and confirming a repayment plan that partially repays creditors. This plan will consist of a lump amount that must be paid monthly for 3 to 5 years. In many cases, the automatic stay will remain in effect for the entirety of a Chapter 13 filing, giving you multiple years of protection from negative creditor actions. We can help you create an effective repayment plan, guide you through the confirmation process, and address any obstacles that may arise.
- Chapter 7 Bankruptcy . If you have little to no current income or have almost no disposable income, you may qualify for Chapter 7 bankruptcy. Chapter 7 includes a liquidation process that sells nonexempt assets to partially repay creditors. Many types of property can be exempted from liquidation, including vehicles, clothing, jewelry, household goods, tools of your trade, retirement plans, wages, and equity in your home. We can help you make the most of available exemptions and minimize the impact of liquidation.
- Small Business Debt Relief . Business ownership can in some situations result in large amounts of debt and other liabilities. Depending on your business’s entity type, a personal bankruptcy may be able to help you navigate financial obstacles. If your business is no longer viable, you may need to take steps to dissolve the entity and leverage bankruptcy to facilitate a safe exit. We can help you create a tailored recovery plan designed to meet all of your objectives.
- Tax Consolidation . Contrary to popular belief, it is possible in some situations to discharge tax liabilities through bankruptcy. Chapter 7 and Chapter 13 bankruptcy can both facilitate discharges of qualifying tax obligations. We can evaluate your tax liability and determine whether they may qualify for forgiveness through bankruptcy. If not, we can also help you offers-in-compromise and/or settlements with the appropriate tax authorities.
- Asset Protection . Some hesitate to consider bankruptcy for fear that they will lose a majority of their assets after filing. The reality is that many types of assets can be exempted from Chapter 7 bankruptcy’s liquidation process, and Chapter 13 bankruptcy does not involve liquidation of any kind. In fact, filing for bankruptcy can prevent asset loss by stopping foreclosure, repossession, bank levies, wage garnishments, and more. Strategic use of either type of consumer-oriented bankruptcy can also help you retain your home and other key assets endangered by delinquent debt. We can work directly with you to create and implement a plan for protecting the assets most important to you.
- Foreclosure Prevention . If you fall behind on your mortgage payments, your lender may attempt to foreclose your home. Fortunately, federal and state laws require you receive ample notice and opportunities to avoid foreclosure before a sale can take place. The bankruptcy’s automatic stay can stop an imminent or in-progress foreclosure. Chapter 13 bankruptcy can potentially offer you years of protection while you work to cure your mortgage through your repayment plan. We can help you explore and implement a wide variety of home retention strategies and will do everything we can to help you keep your home.
“Norton Law will treat you with respect and advise on the best course of action.”- Larry L.
“I really appreciate the knowledge, professionalism, and sincerity of Norton Law. April and Dori have really helped make this experience of going through bankruptcy a lot more bearable.”- Shelly C.
“The entire process went smoothly thanks to April’s knowledge and professionalism.”- Jeni W.