People in Arvada, Littleton, and Fort Collins hear may think they would do just about anything to avoid having to declare a bankruptcy and that people who do so are failures. This is not true. Denver bankruptcy attorneys can tell you that the bad economy has made it very hard for people to make ends meet in Highlands Ranch, Westminster, and Broomfield. If people in a desperate financial situation do not file for bankruptcy, they may have their wages garnished, house foreclosed on, or cars repossessed. It is better in the long run to deal directly with the problem and save these essential possessions.
Chapter 7 Bankruptcy, or the liquidation bankruptcy, has many advantages over not filing for bankruptcy at all. Payments to creditors stop completely after your experienced Denver Bankruptcy attorney files for a Chapter 7 on your behalf. Creditors will not call to hassle you when they realize you are filing for bankruptcy. Wage garnishments are stopped, and they cannot foreclose on your house or repossess your car unless they obtain relief from the automatic stay.
Chapter 7 bankruptcies are finished very quickly, usually within approximately four months. A Chapter 7 bankruptcy discharges debt incurred from medical bills, credit cards, car loans, mortgages, and much more. With these debts discharged, you do not need to make any more payments on them. Harassment ends, debts are cleared, and you may move on with your life under this new protection.
A “Means Test” is required before filing for a Chapter 7, which many people are able to pass and qualify for a Chapter 7 Bankruptcy. Don’t try to do any of the filing by yourself. Your experienced Denver lawyer will make sure that you get to keep as many possessions as possible and finish with the bankruptcy process in short order. In many cases debtors do not have to surrender any assets at all.
If you have lost control of your finances and want to talk to us about the possibility of qualifying for a Chapter 7 Bankruptcy, contact experienced Denver Bankruptcy lawyer Barry Arrington at 303-205-7870 for your best, fresh start possible.