Bankruptcy laws help people who can no longer pay their creditors get a fresh start – by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation.
Most cases are filed under the three main chapters of the Bankruptcy Code – Chapter 7, Chapter 11, and Chapter 13. Federal courts have exclusive jurisdiction over bankruptcy cases. This means that a bankruptcy case cannot be filed in a state court.
If you are thinking about filing for bankruptcy, call me first for a free consultation. I have been practicing law in Colorado for over 30 years, specializing in bankruptcy cases in the state of Colorado. I provide fair, affordable, and friendly service. Call me today for a free consultation, and click here to fill out my bankruptcy questionnaire.