Chapter 7 Overview
Understanding Chapter 7 Bankruptcy in Colorado
At the Denver law firm of Milwid & Schlosser, we usually recommend that our clients who stand to benefit from bankruptcy file for debt relief, whenever possible, under Chapter 7. To learn how Chapter 7 can benefit you, contact our office for a free consultation with an experienced attorney.
Call 720.251.2594 to discuss your debt situation with a bankruptcy lawyer
Because each of our lawyers has more than 25 years of bankruptcy experience, you can depend on Milwid & Schlosser for dependable advice and skilled client service. Most of the people who call us need answers to such questions as the following:
- Should I file for bankruptcy?
- What are the benefits of Chapter 7?
- Will bankruptcy stop collection activity by my creditors?
- Can I keep my house?
- How can I protect my other assets in bankruptcy?
- What about credit counseling and rehabilitation of my credit record?
- How does the Chapter 7 discharge work?
- What if I have to file for Chapter 13?
- Can I file a small business bankruptcy under Chapter 7?
Chapter 7 is the fastest and most complete relief available under the U.S. Bankruptcy Code.
In practice, especially given Colorado's generous exemption laws, very few Chapter 7 debtors need to turn over property or "buy back" assets from a trustee. Only rarely do our clients own property worth more than the exemption limits.
Our belief that Chapter 7 is the best bankruptcy option is based on the ability of most Colorado debtors to protect their assets, relieve creditor pressure and get a discharge of most unsecured debts within six months of filing the Chapter 7 petition.
For additional information about what you can expect from the bankruptcy process and how it can benefit you, contact a seasoned bankruptcy attorney at Milwid & Schlosser in Denver.
We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.
