Bankruptcy Attorney in the Denver Metro Area
Comprehensive Legal Advice to Clients throughout the Front Range
If your debt load has become unmanageable and you are considering filing for protection under the federal bankruptcy laws, you want an experienced lawyer who knows the law, who will help you understand your options, and who will give you an honest assessment of your likelihood of success.
Bonnie Bell Bond has been representing clients throughout the Denver metro area and the Front Range in bankruptcy matters since 1985. We know that facing bankruptcy can be intimidating . We understand that it is a very difficult and personal decision. We will help you evaluate your options with care and respect. The bankruptcy laws are complex. As you consider your bankruptcy options, we are here to help you through your case with our expertise and careful attention to detail. We have helped hundreds of clients successfully complete their bankruptcy cases.
We place an emphasis in every case on individualized attention by the attorney you have retained. We will pay great attention to detail and will ensure that we are always accessible to answer your questions and address your concerns. We handle every case through final resolution, making certain that we are well-prepared to deliver better than expected results.
Contact us to arrange a confidential consultation.
CONSUMER BANKRUPTCY CASES
We Are a Debt Relief Agency – We Help People File for Bankruptcy Relief under the Bankruptcy Code.
Chapter 7 Bankruptcy
In a Chapter 7 bankruptcy, you are able to permanently discharge most debts in exchange for the liquidation or sale of property (which isn’t protected under the statutes) in order to obtain a fresh start. The discharge serves as a permanent injunction from the collection of debts incurred prior to bankruptcy. Not all debts are dischargeable, certain types of tax debt, such as most student loans, government fines, child and spousal support and debts incurred from criminal or fraudulent conduct are not dischargeable. Most other debts, such as credit cards, medical bills, bank loans, court judgments and deficiencies from mortgage or car loans can be discharged.
In a Chapter 7 case, a trustee is appointed to evaluate and liquidate the non-exempt assets in the case. A Chapter 7 debtor is able to retain property which is categorized as “exempt.”
The bankruptcy laws were changed in 2005, making it more difficult for higher income consumer debtors to qualify for Chapter 7. Individuals with consumer debts must now submit to a means test, which evaluates your ability to repay the debt, based upon recent and projected income.
At the Law Office of Bonnie Bell Bond, LLC we will help you determine whether you qualify to file under Chapter 7 and whether a Chapter 7 is your best option. We have the experience and expertise necessary to best present your case. We will also help you understand which debts may not be discharged, as well as which assets are exempt from liquidation.
Chapter 13 Bankruptcy
In a Chapter 13, a Court approved plan is formulated through which a debtor repays creditors all or a portion of their debts over a period of three to five years, dependent upon your disposable income. Debtors who are not eligible for Chapter 7 because they fail the means test, can file a Chapter 13 case to address their obligations. A benefit of a Chapter 13 is that debtors can keep their assets, including those which may not be exempt. Upon completion of the Plan, the debtor will receive a discharge of any debts not paid through the Plan.
A Chapter 13 can be utilized to help cure missed mortgage payments. If you face foreclosure and have missed a few payments, you can cure those back payments through a Chapter 13 Plan, provided you have the means to make the currents ongoing payments on the mortgage.
Chapter 13 can be advantageous in other circumstances as well. Chapter 13 can be a good way to deal with non-dischargeable tax debts. There are advantages in Chapter 13 in dealing with certain obligations arising out of a divorce case. We will help you evaluate your options. If a Chapter 13 is selected, we will help you formulate a plan which fairly considers your income and debts.
Individual Chapter 11 Bankruptcy
We have significant experience in representing individuals in Chapter 11 reorganization cases. There are individuals who do not qualify for either Chapter 7 (due to income constraints) or Chapter 13 (due to debt limits) for whom Chapter 11 may be their only viable remedy. In a Chapter 11 case you are preparing a plan of reorganization, which approved by the bankruptcy court, become a contract with your creditors through which your debts are resolved. Upon completion of payments due under the Plan of Reorganization, debtors receive a discharge of any debts not paid under the Plan. Chapter 11 plans can have more flexibility than a Chapter 13 plan. A Chapter 11 reorganization can be a very useful tool in addressing debt obligations.
Chapter 11 cases are very complicated and require counsel with a working knowledge of the intricacies of Chapter 11. Bonnie Bell Bond has been representing debtors in Chapter 11 cases since 1985 and understands the issues and intricacies involved. Bonnie Bell Bond has successfully assisted numerous individuals in confirming plans of reorganization and completing their Chapter 11 reorganizations.
BUSINESS REORGANIZATIONS AND LIQUIDATIONS
Business Chapter 11 Cases
At the Law Office of Bonnie Bell Bond, LLC, we have helped businesses restructure and reorganize their financial affairs under Chapter 11 since 1985. Chapter 11 can be a very useful tool for a company which has difficulties meeting its cash flow or has other debt concerns. A Chapter 11 bankruptcy filing puts an automatic stay in place, which prohibits creditors from taking any action to collect a debt until the bankruptcy proceeding is finalized or other court orders have entered.
A Chapter 11 filing will allow you to reorganize and restructure your business debt. . We help you to evaluate the prospects for your business. We will help you put together a plan of reorganization that will be approved by the court, so that you can continue business operations without the stress and anxiety of continued collection efforts
Chapter 11 provides a company with a variety of tools to meet its financial issues. Chapter 11 can also be an effective tool to assist in the sale of your business as a going concern.