What Is Chapter 7 Bankruptcy?
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Serving Families and Individuals in Colorado and the Denver-Metro Area
Filing bankruptcy is a legal right in our country. It is available for people like you, your neighbors and your friends. Whether you need to file for bankruptcy to deal with medical debt, divorce-related debt or a job loss, it is important to hire an attorney to represent you.
At Carolyn Moller Duncan, P.C., we help people achieve practical solutions to their debt challenges, by filing for Chapter 7 bankruptcy. Chapter 7 bankruptcy provides you with an opportunity to avoid liability for certain unsecured debts. It is called debt liquidation bankruptcy by some because it discharges most unsecured debts, with few exceptions.
It costs you nothing to visit our offices for a free consultation, but it may save you a lot of pain, heartache and money down the road. Call 720-324-7208 or 888-618-0477.
To qualify for a Chapter 7 bankruptcy, your income must be below the state median income level. If your income is above that level, there are four other ways to qualify for Chapter 7 bankruptcy and we will guide you through the analysis. If you still don't qualify, you may still be eligible for a Chapter 13 bankruptcy. We can help you determine if you qualify for a Chapter 7 bankruptcy.
Once your attorney files a Chapter 7 bankruptcy petition on your behalf, creditor actions against you must immediately stop. This is called an automatic stay and it means that creditors cannot call you and actions to repossess your car or to foreclose on your house must stop.
Many people are concerned that they are going to lose their possessions, including their house or their car if they file for a Chapter 7 bankruptcy. In most cases, you get to keep your property.
If you wish to keep your house or car, one of your options is to reaffirm that debt. Reaffirmation essentially removes the debt from the bankruptcy process. You then will have to continue to pay on that debt as if it had not entered bankruptcy in the first place.
To learn more about, visit our Chapter 7 bankruptcy information center.
Everyone's financial circumstances are different. What path you choose to pursue will depend upon your own unique situation. Carolyn Moller Duncan is a knowledgeable, caring and practical lawyer who focuses on leveraging the complicated bankruptcy laws to your benefit. She is effective because she takes the necessary time to develop the optimal debt-relief solution.
For a free initial consultation with Carolyn Moller Duncan, P.C. call 720-324-7208 or toll free 888-618-0477 or send us an e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
