What Chapter 7 Bankruptcy Can Do For You
At the law firm of Greenwald & Hammond, we help people in the metro Denver area file for Chapter 7 personal bankruptcy protection. To discuss your specific debt situation with an experienced bankruptcy attorney, please contact our office online or call 303.731.4234.
Who Should Consider Filing for Chapter 7 Bankruptcy?
Chapter 7 debt relief may be an option for you if:
- You meet the income requirements for filing Chapter 7 (a bankruptcy attorney at Greenwald & Hammond will review your finances to see if you qualify)
- You have not previously received a discharge in a bankruptcy filed in the past 8 years
- You face overwhelming credit card bills, court judgments, medical debt, or are behind on your mortgage payments or car loan
- You have had a loss or drop in income so that it is unlikely you could ever pay those bills back
- You do not have special assets that could be at risk (see our page on What Possessions Can I Keep? ). Your lawyer can advise you which assets may be vulnerable to liquidation
What Chapter 7 Bankruptcy Can Do For You
Most of our clients find that filing for Chapter 7 bankruptcy has an immediate affect on their peace of mind. It ends creditor harassment and the immediate threat of foreclosure or repossession. It prevents or ends wage garnishment.
But most of all, it gives you a clear plan to move forward. You do not have to live under the cloud of debt. Debts that can be discharged under Chapter 7 of the U.S. bankruptcy law include: credit card debt, payday loans, bank loans, medical bills, most court judgments, and loan deficiencies on repossessed vehicles and foreclosed homes.
Chapter 7 consumer bankruptcy can usually be completed with just a few office visits. In most cases, only one court appearance is required 30 to 40 days after the bankruptcy is filed.
- Learn more about Chapter 7 bankruptcy law.
What Chapter 7 Cannot Do
Certain debts cannot be discharged under Chapter 7, including: certain taxes and some IRS liens, current and back child support, student loans, parking tickets or some other government fines, and debts you incurred through fraud. It is also important to remember that bankruptcy will show up on your credit report for the next ten years. It's essential to talk with your lawyer to be sure you understand whether this is the right option for you.
Contact Greenwald & Hammond Today
If you are considering Chapter 7 bankruptcy, contact our Denver bankruptcy law office today. Find out whether Chapter 7 is the solution you need to get out from under crushing debt. Your initial consultation is free.
