Get the Facts About Chapter 13 Personal Bankruptcy
Jonathan A. Hagn, P.C., is a Federally-designated debt relief agency that represents debtors, creditors, and trustees in bankruptcy proceedings.
Sometimes life just takes its toll on you financially. A pay cut, a bout of unemployment, an illness — any number of temporary difficulties can create serious financial problems. Perhaps you are in over your head with credit card debt. If you have steady income, but simply cannot keep on top of your bills, Chapter 13 bankruptcy may be the right answer for you.
Attorney Jonathan A. Hagn helps individuals and families in the greater Denver area file for Chapter 13 bankruptcy and develop a debt repayment plan. Contact Jonathan A. Hagn to schedule a consultation. Learn about how Chapter 13 might help your situation.
Filing for Chapter 13 Immediately Changes Your Situation
Your situation immediately changes when you file for Chapter 13:
- No more creditor harassment or threats
- No more wage garnishment or levies on your bank account
- Your home cannot be foreclosed upon
- Your car cannot be repossessed
From the time you file for bankruptcy until you are working with the bankruptcy court, actions cannot be taken against you. You will gain breathing room to make decisions and to work with your lawyer to come up with a plan.
If creditors do continue to harass you after filing for Chapter 13 bankruptcy, Mr. Hagn will take action against them. He is a skilled consumer protection lawyer who is prepared to go to court in order to protect you against unfair debt collection acts.
What Chapter 13 Can Do For You
If you have significant credit card debt or other personal loans that you could pay if repayment conditions were better, then Chapter 13 bankruptcy may help you. Bankruptcy attorney Jonathan Hagn will work with the bankruptcy court trustee to determine the full extent of your debt. He will then negotiate for:
- Removal of fees and fines for overdue credit card or other loan debt
- Possible reduction in the total amount of your debt
- Reduction in the interest rate you must pay on any remaining debt
- An extension of the period for repayment (generally set at three to five years)
What this means is that you will have less debt to repay and a longer time to pay it back. The lower monthly payments can help you keep your car, your home and gain the financial freedom you desire.
Concerned About Your Credit Rating?
One of the benefits of Chapter 13 is that the act of repaying your debt automatically begins the process of rebuilding your credit rating. As you pay the bankruptcy court trustee each month − who repays your creditors − you are re-establishing your credit history.
Chapter 13 consumer bankruptcy may provide you with the protection and debt relief you need. Contact a bankruptcy lawyer at Jonathan A. Hagn for more information.
Mr. Hagn is licensed to practice law in Colorado and Virginia
and before the United States Patent and Trademark Office
We represent clients throughout Colorado, in Denver, Adams, Arapahoe, Boulder, Broomfield, Douglas, and Jefferson counties including Arvada, Aurora, Boulder, Brighton, Broomfield, Castle Rock, Englewood, Evergreen, Glendale, Golden, Highlands Ranch, Lafayette, Lakewood, Littleton, Louisville, Northglenn, Thornton, Westminster, and Wheat Ridge.