Chapter 7 Bankruptcy
Considering filing for Chapter 7 Bankruptcy in Denver or nearby areas? Chapter 7 is the most common form of bankruptcy, and it is quite straightforward. It is sometimes called “total debt liquidation bankruptcy”. It involves liquidating non-exempt assets in exchange for discharging unsecured debts such as credit cards, medical bills, etc. If you have a lot of unsecured debt, relatively low income, and not a lot of assets, this could be the right path for you.
Call for Chapter 7 Bankruptcy information now at 303-623-4357
We offer free consultations
Are your personal or business debts too high to repay? Liquidating your assets through a Chapter 7 Bankruptcy allows your creditors to get what they can to settle your debts. When all is said and done, you are formally discharged from personal liability on the debts that were included in the approved and finalized bankruptcy.
Stop struggling with threats to sue you or garnish your wages. We put a stop to that harassment immediately. Call our team today to get a free consultation and find out which type of bankruptcy is right for you. Our bankruptcy attorneys are here to help you get out of debt and start a new life.
Is it Hard to File for Chapter 7 Bankruptcy?
Working with our team is easy and stress-free. We even have a money-back guarantee. We guarantee that if you qualify for bankruptcy, that the court will accept your case for filing. If not, you get your money back. Once the case is accepted, you should experience quick relief from the collection efforts against you ceasing. That means no more garnished wages, no more threatening phone calls or harsh letters. If you do get any more collection activity after that, make sure you tell our team so we can take quick action for you.
Those whose income is too high may not qualify for a Chapter 7. Those who have a lot of assets may not want to go through with a Chapter 7, as it does require giving up your non-exempt assets. In some cases, there could be some debts that are not included in the bankruptcy and you would still be liable for any of these.
For those who don’t qualify, Chapter 13 and even sometimes Chapter 11 can be a good fit. Our legal team can advise you on your particular situation and which option would best benefit you.
Will Filing for Ch. 7 Ruin My Credit?
There are a lot of misconceptions about bankruptcy. One of the major ones is that your credit is ruined after Chapter 7 and that you won’t be able to buy a house for many years. That’s simply not true. In many cases, we can help clients get their finances sorted out and get a fresh start through a bankruptcy and they can be eligible to purchase a home within 18-24 months.
If you are struggling with too much unsecured debt, your credit has probably already taken quite a hit. Missing payments & accounts going delinquent don’t look great to would-be lenders. Wiping all of that out and starting over can work in many peoples’ favor.
But just because you have a lot of debt, doesn’t mean Chapter 7 bankruptcy is your only option. Consult one of our attorneys to find out what other options you may have, such as debt settlement, Chapter 13 Bankruptcy, or other forms of debt relief.
If you are thinking about Chapter 7 Bankruptcy in Denver, Colorado Springs, Fort Collins, Boulder, Loveland or any nearby area, call our legal team today at (303) 623-4357 to schedule an appointment.