If you are an individual with a regular income, this type of bankruptcy may be more appropriate for you.  You are generally more able to keep assets as you are repaying debts over a period of the next 3 to 5 years instead of claiming inability to pay at all.  It is likely your creditors will only get pennies on the dollar, but they do get something with this type of bankruptcy filing in Denver. 
 
Finding a bankruptcy lawyer in Denver who can explain the differences between Chaper 7 and Chapter 13 bankruptcies in Denver will be absolutely crucial for your long term success! 
 
Corporations are not allowed to file a Chapter 13 bankruptcy.
 
What is the advantage of a Chapter 13 vs. a Chapter 7 bankruptcy?  It allows you to keep assets while you are repaying creditors over time and keeps these same creditors off your back so you aren’t dealing with constant collection calls!  Chapter 13 is more commonly needed in the State of Colorado, but we specialize in both Chapter 7 and Chapter 13 bankruptcy.