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An Elbert County Bankruptcy Lawyer Will Explain How Pre-Counseling Works

Pre-bankruptcy counseling must be done with the approval of the U.S. Department of Justice trustee program.

During a meeting with your counselor, you can expect to hear an evaluation of your finances, discuss ways to deal with your problems, other than through bankruptcy, and work on a budgeting plan.

An Elbert County bankruptcy lawyer will tell you to expect to spend an hour or so of your time, and that if you can’t afford it, to ask the counselor to waive the fee before you get started.  Call 303-552-9686 for an Elbert County bankruptcy lawyer.

Your Elbert County Bankruptcy Lawyer From Parker Lawyers Will Be With You During The Entire Process

Filing for bankruptcy can bring a certain feeling of relief. The decision has been made, and with the help of your Elbert County bankruptcy lawyer, you can be on your way to being free from debt, and harassment.

If you had been facing foreclosure on your home, that threat will go away once you’ve filed for bankruptcy. It will give you a chance to make up for delinquent payments, but it will not relieve you from your responsibility for a mortgage loan.

Any asset that had been repossessed before you were able to file, will be returned to you, and creditors will be ordered to stop any attempts to garnish your wages, or otherwise attempt to collect payment. If your utilities have been cut off, they will be re-activated.

You may believe that some of your creditors are asking for more money than you actually owe them. You will be able to object to any claims that you feel are unjust.

You can trust that your Elbert County bankruptcy lawyer will be by your side during the process, to offer explanations, and advice at every turn. Call parker lawyers @ 303-841-9525.

You Will Appreciate The Professionalism Of An Elbert County Bankruptcy Lawyer From Parker lawyers

Should you file? Is there another way out? What outcome can you expect? These are all questions for your Elbert County bankruptcy lawyer.

Credit card debt is at the top of the list of reasons to file for bankruptcy. You may have overcharged, or worse, failed to make payments, and find yourself over-extended on one, or several accounts, and in jeopardy of being turned over to a collection agency.

Being laid off from work is always a concern in today’s employment environment. If you miss a paycheck or two, you may get behind on your household bills, and find it impossible to recover.

Job loss because of illness, or disability can lead to a financial fiasco. Medical bills, and costs for hospital stays can be enormous – the kind of debt that typical families won’t be able to manage.

Any one of these situations can put you in line for bankruptcy. Get help with the advice of an Elbert County bankruptcy lawyer. Contact the offices of the professional firm of Parker Lawyers: 303-841-9525.

Consult With An Elbert County Bankruptcy Lawyer About Colorado Homestead Exemptions

The Colorado homestead exemption is up to $60,000 – $90,000 if an owner is disabled, or sixty years of age, or older. So, if you file for bankruptcy in the state, you will be able to keep your home if you owe less than the exempted amount on the mortgage. If you owe more than the exemption amount allowed by the state, your residence may be sold to help pay your creditors, but you will be entitled to any equity you have in the home.

The only restriction attached to the homestead exemption is that you have to have purchased your home in the state, and taken ownership, 40 months before you file for bankruptcy. If not, federal law will stipulate the amount of your exemption.

Your Elbert County bankruptcy lawyer will advise you on the Colorado bankruptcy laws, and how they apply to your case. He will help you determine the best way to file, and explain to you what will happen after you do. Parker lawyers are happy to offer you a free consultation with an Elbert County bankruptcy lawyer, call them @ 303-841-9525.