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Your Douglas County Bankruptcy Attorney Will Help You Find An Accredited Counselor

It is mandatory that you attend a credit counseling class before you can file for bankruptcy.  After you have completed the course, you will be given a certificate that your Douglas County bankruptcy attorney will present to the court along with your petition to file.  But you’re not finished yet – you are also required to take a second class after you file, and before your case is resolved.

Your Douglas County bankruptcy lawyer can let you know how to find these classes, and  what you can expect from them.  Call 303-841-9525.

A Douglas County Bankruptcy Attorney From Parker Lawyers Can Explain What Happens After You’ve Filed

Once you have filed for bankruptcy, a neutral trustee will be appointed to supervise the dispersion of funds to your creditors.

If you file chapter 7, the first order of business that falls to the trustee is to go over your petition. He will look at all the documentation that you and your Douglas County bankruptcy attorney have submitted, to make sure all the information is indeed accurate. You will then be called to appear before the trustee at a 341 meeting, and answer any questions he may have. Your creditors are also allowed to be present at this time, and ask questions of their own. Unless creditors have good reason to suspect that you are hiding certain assets, they will probably not appear.

The trustee is also responsible for selling off any nonexempt property, or other assets, to pay your creditors.

When you’re faced with bankruptcy, do yourself a favor and contact an experienced Douglas County bankruptcy attorney from Parker Lawyers. You can call 303-841-9525.

Get The Facts From A Douglas County Bankruptcy Attorney From Parker Lawyers

Whatever the reason, filing for bankruptcy will have consequences. Unfortunately, your credit score will take a pretty big hit – you will have a negative rating for the next several years. However, if your income is healthy enough, you may still be able to secure a mortgage loan.

If you live in a “community property” state, your spouse will also share your debt, and the ramifications of bankruptcy, so that his/her credit will be adversely affected. Ask your Douglas County bankruptcy attorney about local laws.

The good news is that you won’t have to worry about your job security. Your boss may never know about your financial situation, unless you choose to share the information, and even if he does, you will be protected by employer discrimination laws.

No doubt you will have many questions for your Douglas County bankruptcy attorney. When to file, how to file, what needs to be done, and when? He will be able to warn you about common mistakes, and give you tips on how to survive bankruptcy. Call Parker lawyers @ 303-841-9525.

Don’t Panic, Get All The Facts From A Douglas County Bankruptcy Attorney

When creditors won’t stop calling, and you dread going to your own mail box, because you know it’s only full of bills, you may be ready to hit the panic button, but don’t jump into bankruptcy without knowing what all is involved.

Talk to your Douglas County bankruptcy attorney. He can explain chapter 7, chapter 11, and Chapter 13, the most common bankruptcy codes. You may not be aware of the fact that all bankruptcy cases are dealt with in Federal courts, or that every state has it’s own bankruptcy laws, including restrictions for exemptions.

Your Douglas County bankruptcy attorney will know how and where to file, in Colorado. You will need to compare your income against the median of the state. Your Parker lawyer will have those figures as well, and he can answer any questions that may be specific to your case. Call Parker Lawyers @ 303-841-9525.