Chapter 7 Bankruptcy

Chapter 7 bankruptcy is known as "straight" bankruptcy. It cancels out most of your debts and provides you a fresh financial start.

At The Law Office of W. Robert Montgomery, in Denver, Colorado, we offer a free initial consultation to explain Chapter 7 bankruptcy and to explore possible alternatives. Call us today at 720-496-1338 or send us your contact information using the form on this page.

Am I Eligible to File Chapter 7 Bankruptcy?

In most situations, you are eligible to file Chapter 7 bankruptcy if you earn less than the median income for your place of residence at the time your case if filed. Even if you earn more than the median income, you may still qualify based on the bankruptcy means test, which considers how much money you have left after paying reasonable living expenses.

The median income/means tests are complicated, and an experienced bankruptcy lawyer can tell you if you qualify. Our Chapter 7 bankruptcy lawyers have helped many people file Chapter 7 bankruptcy who were told by creditors and even other lawyers that they weren't eligible.

If your income is too high to file Chapter 7 bankruptcy, you may still qualify for debt relief by filing Chapter 13 bankruptcy.

How Does Chapter 7 Bankruptcy Work?

Chapter 7 bankruptcy allows you to discharge debts such as credit card and hospital bills. However, some debts, such as child support and student loans, may not be dischargeable. Our lawyers will discuss those issues with you at your first consultation.

Chapter 7 personal bankruptcy allows you to keep property that can be exempted from the bankruptcy process under state and federal laws (such as a certain amount of equity in your home). A bankruptcy trustee appointed by the court will review your paperwork to determine if any property needs to be surrendered to pay off your creditors.

Learn more about bankruptcy and home foreclosure.

Free Attorney Consultation

To discuss your debt problems with one of our Denver credit card debt relief lawyers, call 720-496-1338 or fill out the contact form on this page. Our law office is conveniently located in Lakewood in the Western Denver metro area.

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