Make The Right Decision For Your Financial Situation
Your financial situation controls the rest of your life. It determines what you eat, how you dress, where you go. But you do not always have the same kind of influence over your own financial situation. Medical debt, unemployment or other external factors beyond your control can cause your debts to spiral, leaving you few choices for recovery.
At the Leone Law Office P.C., we know that there is a story behind every financial situation. We offer only guidance, never judgment. If you are in financial distress, contact us today to discuss your options.
Explore All Your Options For Debt Relief
While filing for bankruptcy may seem like the fastest option to reset your situation, it is not a decision you should take lightly. As an individual in financial distress, you have a number of options available to you, each with their own consequences that could continue to affect you for years.
Before filing for bankruptcy, discuss your situation with a debt relief professional to get a better understanding of what your options are and how your decision could impact you. Attorney Paul Leone has worked in the financial sector for more than 20 years. His experience allows our firm to provide you with unique insights about finance that you may not find at other firms.
Our approach to debt relief lies in understanding. Attorney Leone will provide you with the full spectrum of options that could help your situation and guide you through the process of filing for bankruptcy.
Find Debt Relief That Meets Your Needs
For individuals, filing for bankruptcy conventionally means filing for Chapter 7 or Chapter 13.
Chapter 7: In Chapter 7, your nonexempt assets are sold to pay off your debts. Nonexempt assets include items such as collections of valuable items, stocks and bonds, and second cars or houses. Chapter 7 may be the best option for individuals without consistent income.
Chapter 13: In Chapter 13, you create a court-approved repayment plan to cover certain debts. Typically, repayment plans last three to five years, depending on the severity of the debt. Since Chapter 13 allows debtors to reschedule debt payments, this option is only available to individuals with a consistent income above a certain amount.
These debt relief options come with their own consequences. Filing for bankruptcy will affect your credit score, making future financial situations difficult to navigate. Make sure you understand the pros and cons of bankruptcy by talking with bankruptcy attorney Paul Leone before making any decisions.
Learn More In Your First Consultation
Schedule a consultation with the Leone Law Office P.C. in Denver to talk through your options with an experienced professional. Call 720-485-3101 or send us a secure email through our contact form to book your appointment. Our firm serves clients throughout the Denver metro area.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.