Denver Chapter 7 Bankruptcy Attorneys

Serving Clients in Boulder, Centennial, & Surrounding Areas

If you are considering filing for Chapter 7 bankruptcy in Denver, working with our attorneys at Frost & Beck, PC can provide you with comprehensive guidance and support. Filing for bankruptcy can be daunting and overwhelming, but our experienced lawyers will work with you every step of the way to help you navigate the process.

We understand that each case is unique, so we take the time to listen to your individual needs and provide you with solutions that are tailored to your circumstances. From evaluating your eligibility for Chapter 7 bankruptcy to handling the legal paperwork and proceedings, our team is committed to helping you work toward a favorable outcome.

Contact us today at (720) 330-4623 to schedule your consultation and take the first step towards a fresh financial start.

How Does Chapter 7 Bankruptcy Work?

When faced with high debt, Chapter 7 bankruptcy can be a viable option for those seeking a fresh financial start. There are a number of reasons people may file for bankruptcy, including:

• Job loss
• Medical costs
• Spending habits
• Divorce
• Unaffordable mortgage
• Lending money to loved ones

Chapter 7 bankruptcy is referred to as liquidation bankruptcy and is available to individuals who are unable to make regular payments towards their debts. In this type of bankruptcy, the bankruptcy trustee gathers and sells the debtor's qualifying assets and uses the proceeds to pay creditors. Unsecured priority debt is paid first, followed by unsecured non-priority debt. After all debts have been paid, any remaining assets are returned to the debtor.

Unsecured priority debt examples may include:

• Spousal support
• Child support
• Criminal fines
• Payroll and sales taxes

Unsecured non-priority debt examples may include:

• Most credit card debt
• Medical bills
• Utility bills
• Student loans

Bankruptcy can be confusing to navigate on your own. Consulting with our Chapter 7 bankruptcy attorneys can help you determine if this is a suitable route for your situation. Our team recognizes the stress that can come with bankruptcy and is here to help guide you through the process and thoroughly explain your options.

Is it Difficult to File for Chapter 7 Bankruptcy?

Filing for any chapter of bankruptcy can be a complex and daunting process. Fortunately, our team of experienced lawyers can provide you with the guidance and support you need to navigate the intricacies of Chapter 7 bankruptcy. We can help you determine if this chapter is the best option for your particular situation, and guide you through the filing process with ease.

It's important to note that Chapter 7 is not a one-size-fits-all solution. In some cases, eligibility requirements can be a challenge, and those with significant assets may be hesitant to proceed with Chapter 7 due to the risk of losing non-exempt assets. We can explain all of the details to you so that you can make an informed decision on the best course of action for your case.

We understand that facing financial challenges can be overwhelming. That's why we offer personalized and compassionate legal assistance to help you find your way to a brighter financial future.

Will My Credit Be Ruined After Ch. 7 Bankruptcy?

There are many misconceptions about bankruptcy. One of the major ones is the belief that your credit will be permanently damaged after filing for Chapter 7 bankruptcy. While it is true that bankruptcy can negatively impact your credit in the short term, it will actually serve as an opportunity to get your finances back on track so you can start fresh. We can help you navigate the process, so you can rebuild your credit and improve your financial wellbeing. So, don't let misconceptions hold you back—bankruptcy may be the solution you need to get your life back on track.

Contact our Denver bankruptcy lawyers at Frost & Beck, PC today. We’re dedicated to learning about each client’s unique situation to help find solutions. Our attorneys are proud to provide personalized legal advice and compassionate service.

Call us at (720) 330-4623 or fill out our online form for a consultation.