Effective Relief From Debt Through Chapter 7 Bankruptcy
In a bankruptcy case under chapter 7, you file a petition asking the court to discharge your debts. The basic idea in a chapter 7 bankruptcy is to wipe out (discharge) your debts in exchange for your giving up property, except for "exempt" property which the law allows you to keep. In most cases, all of your property will be exempt. But property which is not exempt is sold, with the money distributed to creditors. Finding debt relief through Chapter 7 bankruptcy can be an efficient and effective strategy to getting your financial future back on track.
At The Adams Law Firm LLC in Denver, Colorado, attorney Jared Adams takes great care to address your unique debt relief needs. With your best interests always in mind, attorney Jared Adams works diligently to help you choose the proper debt relief strategy, whether Chapter 7 or Chapter 13 is right for you or another debt relief strategy better suits your needs.
To schedule a free consultation to discuss your specific situation with attorney Adams, contact his office online or call 720-381-3168 or toll free 888-858-2134 today.
The Beneficial Effects of Chapter 7 Bankruptcy
Besides offering a fresh financial future, filing for Chapter 7 bankruptcy can end the harassment of bill collectors and creditors, and stop ongoing foreclosure proceedings. The process can be completed in as little as 90 days, giving you the freedom to start rebuilding your credit and financial well being quickly and efficiently.
Qualifying for Chapter 7
To file for Chapter 7 bankruptcy, individuals must first complete a means test to determine their eligibility. Among the many factors determining eligibility stands the question of income — a household income above the median family income in Colorado may disqualify you from filing for Chapter 7 bankruptcy, though you may still find debt relief through Chapter 13 bankruptcy.
Having the assistance of a knowledgeable lawyer during the means test and ensuing filing can be vital to helping you find the debt relief you need in the manner that best fits your needs.
Contact attorney Adams to schedule your free initial consultation. Call 720-381-3168 or toll free 888-858-2134 today.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
