When an individual debtor can no longer meet his or her financial obligations, he or she may seek protection through a bankruptcy proceeding in El Paso County, Colorado.
When an individual files for bankruptcy, he or she will usually file for either Chapter 7 or Chapter 13 bankruptcy.
Under a Chapter 7 bankruptcy, the debtor's nonexempt assets are liquidated and his or her debts are paid off. Debts remaining after all nonexempt assets are liquidated are usually discharged.
Under a Chapter 13 bankruptcy, the debtor is put on a court-ordered payment plan. Contact a bankruptcy attorney for legal advice on filing a Chapter 7 or Chapter 13 bankruptcy.
Board Certification in Consumer Bankruptcy Law - The American Board of Certification (ABC) is accredited by the ABA to certify attorneys as specialists in consumer bankruptcy law.
NACBA serves the needs of consumer bankruptcy attorneys and works to protect the rights of consumer debtors.
Lawyer Referral Service in El Paso County - The El Paso County Bar Association sponsors a non-profit Lawyer Referral Service to help residents of Colorado Springs and the surrounding areas of El Paso County, Colorado, find a qualified attorney. The attorneys that participate in the service are screened to confirm their experience in a particular practice area. The service also confirms that the attorney is in good standing with the Colorado State Bar, the local bar association, and has a clean disciplinary record. The LRS also serves individuals in Cripple Creek and throughout Teller County, Colorado.