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Denver Chapter 7 Bankruptcy AttorneyWhen you face job loss, divorce, medical bills, credit card debt, foreclosure, or are overwhelmed with debt for a different reason, a knowledgeable bankruptcy attorney will help you decide whether personal bankruptcy is your best option. At Lindquist-Kleissler & Company, LLC, an experienced Denver Chapter 7 Bankruptcy lawyer will maximize your utilization of Colorado Bankruptcy Law to get you through and to eliminate as much debt as possible. Contact us for a free 30-minute consultation and a free bankruptcy packet with the accumulated wisdom of 28 years of bankruptcy law experience. What is Bankruptcy? Chapter 7 Bankruptcy allows for the liquidation of an individual's debt. In a Chapter 7 Bankruptcy, clients typically complete the entire process within 180 days, at which point debts are discharged and the debtor is no longer legally bound to repay debts that have been discharged. On October 17, 2005, new bankruptcy law went into effect, requiring debtors to use the means test to prove their eligibility to file a Chapter 7 Bankruptcy. If you fall below the means test threshold or below a threshold amount that is calculated based on IRS reported income figures for your county, you can still seek debt relief by filing a Chapter 7. If you are above the threshold amount, you must file a Chapter 13 Bankruptcy. Colorado Homestead Exemption Colorado has passed a new bill which increases the exemptions available to Colorado residents from $45,000 to $60,000 ($90,000 if elderly). Also improved are exemptions for autos, jewelry, and tools of trade. Because Colorado is an opt-out state, it has its own exemptions. In many instances, debtors eligible under the means test who file Chapter 7 Bankruptcy in Colorado don't lose any of their assets. Will I Lose My Assets? If your debt is secured and you're within exemption limits, you can keep such assets as your car and your house if you pay for them. Contact Lindquist-Kleissler & Company, LLC to learn more about Chapter 7 Bankruptcy. Lindquist-Kleissler & Company, LLC, in Denver, Colorado, represents clients throughout Colorado, including Denver, Boulder, Broomfield, Westminster, Louisville, Lafayette, Lakewood, Golden, Estes Park, Fort Collins, Loveland, Aurora, Littleton, Highlands Ranch, Cherry Creek, Arvada, Englewood, Evergreen, Lone Tree, Castle Rock, Greenwood Village, Cherry Hills Village, Glendale, Parker, Centennial, Brighton, Greeley, Commerce City; and counties including Denver County, Jefferson County, Gilpin County, Boulder County, Adams County, Arapahoe County, Douglas County, Weld County, and Larimer County.Free 30-minute Initial Consultation ∙ Free Bankruptcy Packet∙ We are a federally designated debt relief agency pursuant to Title 11 of the U.S. Code, to help people file for bankruptcy. Lindquist-Kleissler & Company, LLC
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Copyright © 2009 by Lindquist-Kleissler & Company, LLC. All rights reserved. You may reproduce materials available at this site for your own personal use and for non-commercial distribution. All copies must include this copyright statement. |
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