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Chapter 13 bankruptcy could be the right choice for you

Bankruptcy isn't always easy, but it can be the right solution for some people who are struggling with money. Whether you're still working and are trying hard to make ends meet or cannot work as a result of your circumstances, it's important to know if and when bankruptcy may be the right choice for you.

Can you eliminate only your credit card debt in bankruptcy?

People often have debts that they want to eliminate, and one question they may have is if they can only file bankruptcy for certain debts, like their credit cards. Normally, credit card debt can be discharged with bankruptcy, but you can't file only on one kind of debt.

Bankruptcy from health care is a common reality

Bankruptcy might seem like it's uncommon, but the truth is that it happens more than you may believe. One of the most common issues leading to bankruptcy in America is health care. Despite the Affordable Care Act's intentions, costs have risen and driven more people into debt. This has led to a continuation of people filing for bankruptcy because of health care.

Don't let bankruptcy's reputation scare you away

Bankruptcy is sometimes something people need to help them get their finances back in order. Unfortunately, bankruptcy has a bad reputation. It's seen as the ultimate sign that a person was bad with money. The reality is that many people end up struggling as a result of injuries, the loss of jobs or unexpected debt. Many times, a person's ability to be "good with money" has nothing to do with the bankruptcy at all.

What happens if you forgot to list a debt in bankruptcy?

If you need to seek bankruptcy, the chances are that you're struggling with overwhelming debt or a lack of income. It's possible to get the majority of the debt discharged in most cases. For example, if your debts are all medical or on credit cards, there's a high likelihood that you can have it discharged through a Chapter 7 bankruptcy. If you earn too much for Chapter 7, you can opt to go through Chapter 13 bankruptcy instead and make monthly payments to satisfy lenders.

You can minimize the effect bankruptcy has on a job search

Our attorneys sympathize with all Lakewood area residents who are struggling with debt. Personal bankruptcy is an effective way of overcoming debt and it comes with other benefits such as getting a fresh financial start and putting a stop to creditor harassment.


The Law Offices of W. Robert Montgomery
13701 West Jewell Avenue, Suite 290
Lakewood, CO 80228

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Phone: 720-496-1338
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