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Practice Areas

Bankruptcy and Creditor’s Rights

Helping you find debt relief
Filing for bankruptcy is an important decision that has significant implications for your life. But when mounting debt begins to feel unmanageable, bankruptcy can provide relief. At Williams, Turner & Holmes, P.C. in Grand Junction, Colorado, we help you decide whether filing for bankruptcy is the most effective way for you to take control of your debt.

Experts in debt analysis
We have been assisting people with overwhelming debts for more than 40 years. We analyze your case to determine if bankruptcy will advance your immediate and long-term financial goals. We review your debts, income and expenses, and explain the full effects of bankruptcy on your family, business, homeownership and access to credit. If bankruptcy is the right choice, our attorneys provide detailed information about the bankruptcy process and a complete picture of the outcome you should expect. Our upfront approach to bankruptcy gives you confidence in your financial future.

Reprieve through automatic stay
Filing a bankruptcy petition automatically triggers a stay, meaning creditors must immediately stop collections letters and phone calls. We correspond with your creditors from the moment you file for bankruptcy and act entirely on your behalf.

Your bankruptcy options

  • Chapter 7 bankruptcy

For individuals and their spouses who own fewer assets and earn smaller incomes, Chapter 7 bankruptcy grants you relief from debts through liquidation of your assets.

  • Chapter 11 bankruptcy

For corporations, partnerships and sole proprietorships, Chapter 11 bankruptcy permits your business to continue operating while you pay creditors under a reorganization plan.

  • Chapter 13 bankruptcy

An option for families facing foreclosure or whose incomes are higher, Chapter 13 bankruptcy permits you to pay off debts under a court-ordered installment plan extending three to five years. This option provides numerous advantages, including the possibility of keeping your home.

Creditor Representation
Creditors may also seek assistance from our attorneys to make sure their rights in a bankruptcy are protected. A creditor may need assistance in filing a claim in a bankruptcy proceeding, seeking relief from the automatic stay against collection activities, setting aside a preferential transfer or fraudulent conveyance, or contesting the discharge of a given debt. We also assist creditors in matters involving leases of realty, mortgages, security interests, and valuations.

Contact an experienced bankruptcy attorney
Call Williams, Turner & Holmes, P.C. at 970-242-6262 or contact us online to schedule your free bankruptcy consultation.

Phillip J. Jones files bankruptcy proceedings on behalf of consumers and businesses. He also represents creditors in bankruptcy proceedings.