Former Bankruptcy Trustee
Martin Has Insights You Likely Won’t Get at Any Other
Firm in Colorado
Firm in Colorado
Bankruptcy Law FAQs
Case-Related Information
How do I know if bankruptcy is the right solution for my financial situation?
Call us NOW and schedule an appointment at 303-832-2655 to find out your best options.
What is the difference between Chapter 7 and Chapter 13 bankruptcy?
Chapter 7 is usually a no asset, no payment discharge of debts. Chapter 13 is a payment plan of disposable income to the Trustee for 36 to 60 months
What debts can be discharged in bankruptcy, and which ones usually can't?
Most debts are discharged. Exceptions include most taxes, student loans, and criminal restitution.
Will I lose my home, car, or other personal property if I file for bankruptcy?
It depends. For home loans and car loans so long as you keep paying you may qualify to keep them. Colorado has exemptions for equity in homes, cars, and personal property.
How does bankruptcy affect my credit score, and how long does it stay on my credit report?
It usually has an impact that is short-lived. It stays on your credit report for 10 years, long after its affect.
Can I keep any credit cards or open new ones after filing for bankruptcy?
You cannot keep your existing credit cards. You open new ones after filing.
What is the "automatic stay," and how does it protect me from creditors?
The automatic stay prevents creditors from taking further legal action against you.
Can bankruptcy stop foreclosure, repossession, or wage garnishment?
Yes, that is one its best benefit.
Do I have to go to court if I file for bankruptcy? What is the 341 meeting of creditors?
You are questioned under oath by a Trustee for the U.S. Bankruptcy Court at the 341 meeting of creditors.
How long does the bankruptcy process typically take?
Chapter 7 takes about 90 to 120 days from filing to discharge. Chapter 7 is usually either 3 years or 5 years.
What documents or information will I need to provide to file for bankruptcy?
All creditor information and current financial information.
Are there alternatives to bankruptcy that I should consider first?
If you have or can access additional funds, you can attempt settlements with creditors through your bankruptcy attorney.
How can I qualify for new credit or loans after bankruptcy?
Obtain a new secured credit card that reports to the credit bureaus.
Experience and Expertise
What types of bankruptcy do you handle?
We handle individual and business bankruptcies, representing both debtors and creditors.
How long have you been practicing bankruptcy law?
Since 1983, including as a Trustee for the U.S. Bankruptcy Court.
Do you handle both consumer and business bankruptcies?
Yes.
Fees & Communication
Do you offer free consultations or charge for the initial meeting?
Yes, we offer free consulatations.
Do you offer payment plans or flexible billing options?
Yes, we do.
Contact Us
Fill out the contact form or call us at (303) 832-2655 to schedule your free consultation.
