LAW OFFICE OF
JOHN C. BOWES
JOHN C. BOWES
(303) 231-0888
DENVER BANKRUPTCY LAWYER
Your Fresh Start Begins Today
Keep Your Property and Discharge Your Debt
Most Do Qualify for a Discharge of Their Debt Under Chapter 7
The U.S. Bankruptcy laws provide a fresh start for individuals, families and businesses
who have found themselves in difficult times. The time comes when all alternatives have
been tried and the only choice is to get a fresh start.
who have found themselves in difficult times. The time comes when all alternatives have
been tried and the only choice is to get a fresh start.
You do not lose your property in bankruptcy. There are exemptions under the bankruptcy
laws that allow you to keep most, if not all of your property. The amount of the
exemptions are different for the type of property that you own. A list of selected
exemptions can be found here.
Most, if not all of your debt, can be discharged in bankruptcy. A list of the types of debt
that are generally non-dischargeable debt can be found here.
laws that allow you to keep most, if not all of your property. The amount of the
exemptions are different for the type of property that you own. A list of selected
exemptions can be found here.
Most, if not all of your debt, can be discharged in bankruptcy. A list of the types of debt
that are generally non-dischargeable debt can be found here.
The great majority of those who have found themselves in a precarious financial situation
do qualify for debt relief under Chapter 7. There is a Means Test Calculation that
determines whether individuals can discharge their debts under Chapter 7 rather than
entering into a repayment plan under Chapter 13. If you make more than the median
income for your household size, there is a presumption that you should be repaying your
debts. Even if you do make more than the median income for your household size, the
presumption can be overcome by a more detailed explanation of where your income is
going. The Means Test does not apply to those with primarily business debt. For more on
the Means Test Calculation can be found here.
do qualify for debt relief under Chapter 7. There is a Means Test Calculation that
determines whether individuals can discharge their debts under Chapter 7 rather than
entering into a repayment plan under Chapter 13. If you make more than the median
income for your household size, there is a presumption that you should be repaying your
debts. Even if you do make more than the median income for your household size, the
presumption can be overcome by a more detailed explanation of where your income is
going. The Means Test does not apply to those with primarily business debt. For more on
the Means Test Calculation can be found here.
"I needed to file for
bankruptcy and I
hired Mr. Bowes to
assist me. He was
friendly,
professional and
compassionate! ...
MJB
bankruptcy and I
hired Mr. Bowes to
assist me. He was
friendly,
professional and
compassionate! ...
MJB
| 720 Kipling Street Lakewood, Colorado 80215 (6th & Kipling) |
Call for a Free Consultation Today Call (303) 231-0888
or email john@johncbowes.com
or email john@johncbowes.com
The Law Office of John C. Bowes, providing bankruptcy relief to those in Colorado, including Arvada, Aurora,
Central City, Commerce City, Conifer, Denver, Douglas County, Englewood, Evergreen, Golden, Highlands Ranch,
Jefferson County, Lafayette, Littleton, Louisville, Northglenn, Parker, Sheridan, Thornton, Westminster
Central City, Commerce City, Conifer, Denver, Douglas County, Englewood, Evergreen, Golden, Highlands Ranch,
Jefferson County, Lafayette, Littleton, Louisville, Northglenn, Parker, Sheridan, Thornton, Westminster
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The Law Office of John C. Bowes also practices in the areas of Estate
Planning, Wills & Trusts, Probate, Business Matters, Personal Injury,
Workers' Compensation, Contracts and Real Estate. For more information
about the Law Office of John C. Bowes click here.
Planning, Wills & Trusts, Probate, Business Matters, Personal Injury,
Workers' Compensation, Contracts and Real Estate. For more information
about the Law Office of John C. Bowes click here.
The information provided herein does not constitute giving of legal advice nor is an attorney-client relationship established. This site is intended
to be used for general informational purposes. Although the information is intended to be accurate, bankruptcy laws and procedures often change
and may not be reflected herein and particularly in cached versions of these pages.
(c) 2009 Law Office of John C. Bowes
to be used for general informational purposes. Although the information is intended to be accurate, bankruptcy laws and procedures often change
and may not be reflected herein and particularly in cached versions of these pages.
(c) 2009 Law Office of John C. Bowes