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Bankruptcy Law Practice in Denver and the following areas
You will be discharged from personal obligation on those debts which are secured (e.g. car loan, mortgage), however, the creditor does have the right to take the property from you. But, if you continue to make the payments, the creditor, in most cases, does not take the property back. In some cases, it may be necessary to redeem or reaffirm the debt--we can explain this to you.
This information pertains to Chapter 13 and Chapter 7 consumer bankruptcy. Each state has bankruptcy laws which apply only in that state. The information contained in the preceding is provided for general information purposes and is not a substitute for a legal consultation and it is not intended as legal advice. Every individual's debt and financial situation is different and you should seek independent legal advice regarding you specific situation.
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