Can anyone file bankruptcy?

Anyone can file bankruptcy, but there are limitations regarding which form of bankruptcy is permissible. Qualifying for Chapter 7 requires a means test that evaluates income, debt levels, and income left over each month after paying basic obligations. Income over the median set by the court and monthly income that allows meaningful payments toward unsecured debt can disqualify filers from Chapter 7, which is generally the preferred form of bankruptcy due to the possibility of a full discharge. Anyone can file Chapter 13 bankruptcy, but the terms are less favorable. In most cases, some debts must be repaid following a successful filing. Chapter 13 is also more likely to result in asset forfeiture.

How bad is it to file bankruptcy twice?

<p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Although possible, due to the damaging nature of bankruptcy, filing bankruptcy more than once isn't recommended. Filing multiple times puts a serious burden on one's credit report, making it harder to get a loan, buy a house, buy a car, or even open credit cards.</p><p dir="ltr" style="line-height:1.2;margin-top:9pt;margin-bottom:9pt;">Note that filing for bankruptcy isn't something that can be done at a filer's leisure. There are time limits following bankruptcy cases that dictate when it's permissible to file again. For example, after Chapter 7 bankruptcy, filers must wait at least eight years before filing Chapter 7 again or four years before filing Chapter 13.</p>

Can they take my car in Chapter 7 bankruptcy?

In many cases, it's possible to keep a vehicle following Chapter 7 bankruptcy. The Chapter 7 Motor Vehicle Exemption allows filers who own their vehicles outright or who are up to date with payments to keep their cars. However, those behind on making car payments are required to arrange a repayment plan. Otherwise, the vehicle may be repossessed as a part of the proceedings.

5 Best Loveland Bankruptcy Attorneys

Bill Zurinskas Bankruptcy Attorney

155 East Boardwalk Drive, Fort Collins, CO 80525

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Bill Zurinskas Bankruptcy Attorney is a civil practice lawyer who has been working with the residents of Loveland for over 30 years. The attorney primarily takes cases involving bankruptcy, and he offers his support to individuals and businesses that are in the process of filing for Chapters 7 and 13 bankruptcy. He works to stop banks from foreclosing on clients' homes and repossessing their cars. Zurinskas is a member of the National Association of Consumer Bankruptcy Attorneys.

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Fort Collins Bankruptcy Center

1635 Foxtrail Drive, Loveland, CO 80538

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Fort Collins Bankruptcy Center is a law firm that caters to clients in and around Loveland. Its bankruptcy attorney, Steve Holland, evaluates a client's financial situation and debts. He has assisted clients applying for student loans, home mortgages, credit debts, and judgments. Holland and his team educate each customer about different forms of bankruptcy, including chapter 7 and chapter 13. The firm also provides its clients with ebooks about rebuilding their finances after successful claim applications.

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Law Offices of Loomis & Greene

916 N Cleveland Ave, Loveland, CO 80537

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

The Law Offices of Loomis & Greene is a general litigation law firm working with the people of Loveland. The firm offers services related to both Chapters 7 and 13 bankruptcy, such as administration of the means test, liquidation of clients' assets to help them pay off their debts, and restructuring of clients' loans to make them easier to pay. Additional practice areas include criminal defense, family law, and landlord/tenant matters.

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Ross J. Wabeke

315 East 7th Street, Loveland, CO 80537

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

Ross J. Wabeke is a civil practice lawyer who has been serving the community of Loveland for over 40 years. The attorney offers services to individuals and business owners who are filing for bankruptcy. He has experience with cases involving both Chapters 7 and 13 bankruptcy. After helping the client file, Wabeke helps them rebuild their credit score and life. He has over 15 years of prior practice as a bankruptcy trustee.

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The Law Office of Chris D. Hefty - Loveland

1635 Foxtrail Drive, Loveland, CO 80538

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Chapter 7 Bankruptcy
Chapter 13 Bankruptcy

The Law Office of Chris D. Hefty provides Chapter 7 and Chapter 13 bankruptcy legal services in Loveland. Its legal team assists clients in document gathering, petition preparation and payment, and completing financial management classes. The bankruptcy lawyers also help clients prevent foreclosure and pay off debt with a payment plan. Chris D. Hefty has been a practicing attorney for 32 years. He has also been active in several legal organizations, including the Colorado State Automobile Dealer Board.

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Best Bankruptcy Attorneys in Loveland

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Bankruptcy Attorneys FAQs

Bill Zurinskas Bankruptcy Attorney

Fort Collins Bankruptcy Center

Law Offices of Loomis & Greene

Ross J. Wabeke

The Law Office of Chris D. Hefty - Loveland

Frequently Asked Questions

Q: Can anyone file bankruptcy?

Q: How bad is it to file bankruptcy twice?

Q: Can they take my car in Chapter 7 bankruptcy?

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