Fort Collins Bankruptcy FAQ

Who should file for Fort Collins bankruptcy?

Bankruptcy can address the needs all kinds of debtors. Have you lost your job? Have you suddenly incurred large medical bills you can’t pay. Are you mortgage, car and credit card payments more than you can handle? Bankruptcy helps debtors in all these situations and more. Just ask our experienced attorney about your particular needs.

How does bankruptcy help me?

The Fort Collins bankruptcy court discharges the debts of individuals who complete the bankruptcy process. Debtors are no longer responsible for discharged debts. That means you can forget about them and go on with your life.

What should I expect during bankruptcy?

First, you should discuss your bankruptcy with an experienced Fort Collins Bankruptcy Center attorney in a free consultation. There are many options for solving debt problems, our attorney will help you find the answer that is right for you.

Your attorney helps you collect the information on your debts and assets that the court requires. Our attorney is familiar with all the paperwork involved in filing for bankruptcy.

Before you file, the court will require you to take a credit counseling course. The course is simple, it takes only 20 minutes to complete and can be done online, over the phone or in person.

Once your attorney files your case with the Fort Collins bankruptcy court, the court prohibits your creditors from trying to collect more money from you. Those phone calls and bills in the mail will finally stop.

The court requires debtors to attend a 341 meeting with their attorney and a trustee who represents the creditors’ interests. Debtors bring a list of their assets. Each asset is either exempt or non-exempt, depending on the equity in each asset. Non-exempt assets are sold and the money raised is given to the creditors.

After the 341 meeting, the court requires all debtors to attend a personal finance management course which can also be done online, over the phone or in person.

At last, the Fort Collins bankruptcy court discharges the remaining debt. The whole process can be completed in just a few months. After that, you’re debt free!

What property will I lose?

Our attorney is dedicated to protecting your property. Many of our clients don’t lose anything at all! You attorney will plan your bankruptcy carefully to ensure the protection of your belongings.

What happens to my credit?

Your bankruptcy will remain on your credit report for 10 years. However, if you follow the important steps for rebuilding your credit after bankruptcy, you can recover in only 2-3 years.