Chapter 13 bankruptcy is different than Chapter 7. It is commonly referred to as a reorganization bankruptcy, which means you can repay debts in three to five years at a budget you can afford. Whatever amounts you don’t payback, those debts go away at the end of your Chapter 13 payment plan.
Benefits of Chapter 13 is you can save your home from foreclosure, repay tax debt without penalties and interest, refinance your car for what it’s worth instead of your loan amount, and most importantly, you can keep all your assets you would have lost by filing Chapter 7.
Chapter 13 is complex so if you are interested in learning more about it, then contact our Broomfield chapter 13 bankruptcy attorneys. We are to help you by offering a free consultation regarding the debt relief you are looking to obtain. Contact us today and our expert Broomfield chapter 13 bankruptcy attorney can set up a time to speak about your situation. We serve Denver, Arvada, Aurora, Centennial, Lakewood, Thornton, and Westminster from our Broomfield location.
