A Parker CO Bankruptcy Attorney Can Set The Facts Straight

If you have a great deal of debt, and your prospects for being able to pay it off are not looking good, bankruptcy may be your best option.  When you first begin to realize that it is inevitable, file – before creditors start to harass you for payment.

Your first step should be to retain a Parker CO bankruptcy attorney.  He will look at your financial situation with an experienced, and objective perspective, and advise you on how to proceed.  Your Parker CO bankruptcy attorney can answer all the questions you have, and sort out all the information you have gathered.

You Will Need An Experienced Parker Co Bankruptcy Attorney To File Chapter 13

A chapter 13 bankruptcy case can be a complex course of action.   If it suits your situation though, you will need the guidance from a Parker CO bankruptcy attorney.  A chapter 13 bankruptcy can go on for as long as five years, and will mean several court appearances along the way.

You will work with your Parker CO bankruptcy attorney to come up with a plan for repayment.  Then you will need to convince the court that you have the financial means to meet the terms of your responsibility.

You Can Ask Your Parker CO Bankruptcy Attorney Questions About How To Find A Debtor Education Program

You can go through the required debtor education program by attending classes, or going online.  Before you commit to a specific service however, make sure the organization is an approved provider.  A Parker CO bankruptcy attorney can direct you to the clerk’s office in your judicial district.

Contact an agency from the approved list, and ask them questions about their services, including counselor qualifications, and confidentiality policies.  Get in touch with your Parker CO bankruptcy attorney for more information: 303-552-9686

Ask Your Parker CO Bankruptcy Attorney To Explain Who Your Trustee May Be

Bankruptcy code, section 321 lays out eligibility requirements for bankruptcy trustees to be appointed by the U.S. Trustee’s Office, which is a part of the U.S. Department of Justice, although trustees are not federal employee

Your Parker CO bankruptcy attorney will know that an interim trustee must live in the legal jurisdiction of the case being heard, and be a part of a pool of qualified candidates, determined by the Trustee’s Office, which is made up of lawyers, or law students, CPAs, or individuals who have earned, or are working on a college business degree. Trustees undergo a background check, including fingerprints, and must be deemed neutral and unbiased, and in no way related to a trustee officer.

If a majority of eligible creditors choose to elect a new trustee at the 341 meeting, the interim trustee will be replaced.

Your Parker CO bankruptcy attorney can explain the workings of the U.S. Trustee’s Office, and which trustee is likely to be appointed to your case. Call to consult: 303-841-9525.