Littleton Lawyer for Bankruptcy Helps with Filing Chapter 7 Bankruptcy in Littleton, Centennial, Aurora
Littleton Chapter 7 Bankruptcy is a way to get relief from your debts and harassing creditors and make a fresh financial start. It may be the best alternative if you have fallen behind on your debt and are unable to catch up. It is very important to have an experienced Littleton lawyer for bankruptcy at your side to explain the complicated bankruptcy rules and ensure that the papers you file are correct. Navigating a Littleton bankruptcy alone just adds more stress to an already stressful situation.
Contact Littleton lawyer for bankruptcy Barry Arrington if you have more questions about filing a Chapter 7 bankruptcy in Colorado.
Bankruptcy Attorney in Littleton: Steps Before Filing Chapter 7
1. A Littleton bankruptcy attorney will first evaluate your individual situation, financial needs, and future goals and determine if a Littleton Chapter 7 Bankruptcy is right for you. This type of knowledge and experience is necessary to keep as much property as possible, cancel the most amount of debt, and get the best possible fresh start. After these first initial steps, everyone who wants to file for a Chapter 7 Bankruptcy must go through credit counseling. This process is designed to help you learn better financial strategies for success in the future so that you don’t have to file for bankruptcy again.
2. After you have completed your credit course, your Littleton bankruptcy attorney will review your papers and prepare and file your Bankruptcy Petition and Schedules.
Littleton Section 341 Meeting: What is the Section 341 Meeting?
3. The Littleton “Section 341” meeting, which occurs a few weeks after filing, is the next step. Every person filing a Chapter 7 Bankruptcy has a “trustee” appointed to their case. The trustee’s job is to review your Bankruptcy Petition and Schedules and meet with you at the Section 341 meeting. At this meeting, trustees very often find that pro se debtors (i.e., “do it yourself” debtors) have made substantial errors and may send them back to the drawing board. The trustee is also responsible for liquidating any non-exempt assets and dividing the proceeds among creditors.
4. After the Section 341 meeting, creditors will be given a chance to object to the Littleton bankruptcy if they believe the rules have not been followed. In the vast majority of cases where the debtor is represented by experienced counsel, no one objects. If no objections are filed the Court issues an order discharging the debtor from their debts. The discharge occurs usually about three months after the filing date. Contact a Littleton lawyer for bankruptcy today if you have more questions about filing Chapter 7 bankruptcy in Colorado.
If you are struggling with debt and are wondering what a Littleton Chapter 7 Bankruptcy could do to relieve you from the stress and responsibilities of debt, call experienced Littleton lawyer for bankruptcy Barry Arrington at 303-205-7870 for your best fresh start.