Chapter 7

What Chapter 7 Bankruptcy Can Do for You

Has another attorney told you that you do not qualify for Chapter 7 bankruptcy? He or she could be wrong. Make sure the assessment was correct and consult with Greenwald & Hammond, P.C. At our firm we truly care about the well-being of our bankruptcy clients.

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 Denver Chapter 7 bankruptcy lawyer, please contact our office online or call 303.832.2550.

Who Should Consider Filing for Chapter 7 Bankruptcy?

Chapter 7 debt relief may be an option for you if:

  1. You meet the income requirements for filing Chapter 7 under a bankruptcy means test (a bankruptcy attorney at Greenwald & Hammond will review your finances to see if you qualify)
  2. You have not previously received a discharge in a bankruptcy filed in the past eight years
  3. You face overwhelming credit card bills, court judgments, medical debt, and are having trouble making mortgage payments
  4. You have had a loss or drop in income, so that it is unlikely you could ever pay those bills back
  5. 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 effect 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. Dischargeable debts 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.

What Chapter 7 Cannot Do

Certain debts may not be dischargeable under Chapter 7, including: current and back child support, student loans, parking tickets, some taxes or government fines, and debts you incurred through fraud. You need to talk to an experienced bankruptcy attorney to find out if your tax debt or IRS liens are dischargeable. It is also important to remember that bankruptcy will show up on your credit report for the next 10 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 for Aurora Debt Relief Attorneys

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.