If you purchased a home in Colorado in recent years, you may now find that it is becoming increasingly difficult to make the monthly mortgage payments. This may especially be true if you obtained an adjustable-rate mortgage for which the grace period has ended, leaving you with much larger monthly payments than before, or if you have experienced a medical emergency that has left you with large medical bills as well as your mortgage payment. However way that you arrived at this spot, you may now be wondering what options you have. It is helpful to seek the counsel of Denver bankruptcy lawyers for advice in this crucial area. There are certain steps that need to be taken in order to resolve your bankruptcy in Denver, and a skilled Denver bankruptcy attorney firm can help see you through the process. Denver bankruptcy lawyers can work on your behalf for filing for bankruptcy in Colorado.

In Colorado as elsewhere, there are certain deadlines for filing bankruptcy. Denver attorneys will advise you at your first meeting with them to attend a credit counseling class to receive certification that you have participated. The next step in filing for bankruptcy in Colorado is to get some paperwork together. This includes your bills, the last two years of your tax returns, as well as your driver's license and social security card. After you have all this together you will meet with your lawyer once again to fill out forms needed by the bankruptcy court to begin the process of filing bankruptcy. Denver attorneys will then help you get ready for meeting with your creditors in court. At this meeting you may be asked for documents and other types of information, which your lawyer will let you know about in advance. After the meeting, your next step is to attend the second credit counseling class, obtain the certificate of participation and give that to your lawyer handling your bankruptcy. Denver residents, after waiting for some specific deadlines concerning the objection to discharge to end, will then receive a discharge notice.

What happens next in your bankruptcy in Denver depends on whether you are filing for bankruptcy in Colorado under Chapter 7 or Chapter 13. You may qualify for Chapter 7 if all your assets are exempt, you are current on house or car payments as well as your taxes, and you may qualify if within the last eight years you have not filed for a Chapter 7 bankruptcy. Denver residents can use Chapter 13 if you are not current on your house payments yet want to hold onto your home through filing for bankruptcy. Denver residents who are behind in other payments for taxes, yet would like to pay back some or all of the debt, may also find that Chapter 13 would work.

It is always advisable to speak with a competent lawyer concerning your bankruptcy in Denver before making any decisions about what to do.