Find out your options and the truth about filing for Chapter 7 bankruptcy.

The recent bankruptcy reforms have changed the criteria for determining eligibility for Chapter 7 bankruptcy, which is sometimes referred to as a “liquidation bankruptcy” or “straight bankruptcy.” The laws still allow consumers and businesses in need of a “fresh start” to file for Chapter 7 bankruptcy. If you have questions about whether you qualify to file for debt relief under Chapter 7 bankruptcy, call our Denver law firm to schedule an appointment with an experienced bankruptcy lawyer.

Why should I choose a Chapter 7 bankruptcy?

Unlike a Chapter 13 bankruptcy, a Chapter 7 bankruptcy requires no payment plan. In a Chapter 7 bankruptcy, you liquidate all non-exempt assets (if you have any), and use the proceeds to satisfy your unsecured and under-secured debts according to the bankruptcy code.

A Chapter 7 bankruptcy eliminates all your debts (except those you reaffirm, possibly your mortgage and car payments), and allows you a fresh start. The law recognizes people make mistakes and that unforeseen circumstances can cause undue hardship on people. People lose their jobs or are forced to take a reduction in pay, illness happens, and rising interests rates can cause people to become overextended.

By filing for Chapter 7 bankruptcy you can stop foreclosure proceedings, repossessions, and debt collection efforts, including those annoying, and often harassing, phone calls.

A Chapter 7 bankruptcy isn’t right for everyone, and a qualified Chapter 7 bankruptcy attorney can help you figure out if filing for Chapter 7 bankruptcy is right for you. At Harold Faletti, we provide comprehensive legal services to clients in financial distress.

Contact Us · Thornton Debt Relief Attorney

Do you have questions about bankruptcy and divorce in Colorado? We can help. Contact us today for a free initial consultation. Call us at (303) 438-8477 to speak with an experienced Broomfield bankruptcy lawyer.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

How Can We Help?

We encourage you to contact us if you have questions concerning bankruptcy, family law, probate or tax law. Attorney Harold Faletti is available to provide personalized attention and address your concerns.