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Colorado Bankruptcy Lawyer Information If you are searching for the finest Denver bankruptcy lawyer who has the potential in helping millions of people who are facing bankruptcy cases and financial difficulties, the city of Denver is the ideal place for you to visit.If you encountering bankruptcy issue, a Denver bankruptcy lawyer is the first thing that you should consider and pay a visit.Robert Cohen is one of the best Denver bankruptcy lawyers who has 36 years of bankruptcy experience particularly in consumer bankruptcy.In lieu of this, Mark Henze is also one of the greatest Denver bankruptcy lawyers with 25 years of brilliant experience in consumer bankruptcy.According to Robert and Mark, they will exert all their efforts and passion just to help and serve people who really need their guidance and service.
Robert and Mark have their law firm in order to assure their valued clients that they will successfully meet their needs and expectations.During your first visit in their law firm in Denver, they will give you some insights about your bankruptcy issue and you can be sure that they are very hands-on and focus in performing their job.Selecting a well trained and professional Denver bankruptcy lawyer is not an easy task at all since it needs time, dedication and effort for you to assure that you perfectly chosen the right one.In order for you to have the finest Denver bankruptcy lawyer, the law firm of Robert Cohen and Mark Henze should be your top choice.The Denver bankruptcy lawyers will guarantee their valued clients that they will be at their side until their bankruptcy case is completely done.
They will also guarantee their valued clients that the money that they will spend will all worth it.When it comes to bankruptcy lawyer fee, you don’t need to worry since the Denver bankruptcy lawyers will offer you with reasonable price that you will surely love.If you hear the term “bankruptcy”, you don’t need to be afraid since with the help and guidance of a Denver bankruptcy lawyer, you can be sure that your bankruptcy issue will completely resolved.Mark and Robert will also guarantee their valued clients that their bankruptcy case will attain its success.To easily obtain additional data about the Denver bankruptcy lawyers, just simply visit their website and be astonished with their great deals and discounts on their bankruptcy services. Bankruptcy Attorney Denver
Bankruptcy is a petition made by an individual or an organization when it can no longer perform its obligations to creditors. The petition must be filed in a bankruptcy court where it will be examined to determine whether to grant or dismiss the petition. When it is granted, debtors will be given time to rearrange and rebuild its finances in order to pay the creditors. An estate is created in this stage while a trustee is appointed. The trustee is responsible for the administration of the case so the debtor’s obligation to its creditors will be fulfilled. In this period, the debtor will be allowed to recuperate so it can pay its creditors. The plan will depend on the type of bankruptcy petition.
Bankruptcy Petitions Available for Individuals or Organization When a person or a business can no longer fulfill its responsibilities to its creditors, it can file bankruptcy. Here are the popular bankruptcy petitions available to individuals or organizations.
Chapter 7 This type of petition is known as “straight bankruptcy” and it is available to individuals or organizations who wish to file protection. In this chapter, the assets are gathered to be liquidated and the proceeds will be given to the creditors to clear the debtor’s obligations. For businesses, the operations will cease or continue depending on the trustee. The trustee will continue to oversee the business affairs in preparation for the liquidation of assets. The trustee can sell the assets to accumulate earnings which will be paid to the creditors. It can also look for new investors to manage the business so operations will not be affected.
Individuals can also file for chapter 7 but they are allowed to keep certain properties or assets. Non-exempt properties will be sold and proceeds will be distributed to creditors while unsecured debts will be discharged. However, discharge of unsecured debts is not absolute because some will remain like child and spousal support, taxes, and student loans to name a few.
Chapter 11 Chapter 11 is another option under bankruptcy laws. It is aimed towards business reorganization hence it is popular among large entities. In this chapter, the business is allowed to keep its assets. During the period granted by the court, the business will formulate a plan to pay its creditors.
Chapter 13 Chapter 13 is somewhat similar to chapter 11 because it involves reorganization. However unlike chapter 11, this chapter is applicable to income-receiving individuals who are granted rehabilitation provided that they fulfill a court-approved plan. In this petition, a portion of the individual’s wage will be given to the chapter 13 trustee. The trustee who administers the plan will also pay the creditors using the fund generated.