Skilled Bankruptcy Lawyers in Boulder, Colorado
Sometimes life does not go as planned. When divorce, job loss or injury occurs, you may find yourself drowning in credit card, medical and other debt, and wondering where to turn for guidance and relief. Filing for bankruptcy can lift the burden of debt, giving you a clean slate and a chance at a better tomorrow.
Since 1997, our attorneys at Goff & Goff, LLC have put our skill and knowledge of bankruptcy law to work for our clients in Boulder and the surrounding areas. Our goal is to help you obtain a fresh start, free from debt.
Are you thinking of filing for Chapter 7 Bankruptcy? Contact us today online or by phone at 303-872-0535 for a free telephone consultation. For more information, see our bankruptcy FAQ.
Clearing a Path to Freedom from Debt
- Chapter 7 Bankruptcy (Liquidation)
Chapter 7 bankruptcy, also known as "liquidation," is usually the best way for someone who is overwhelmed by debt to get immediate relief. It is often the quickest, cheapest and easiest way to discharge debt. Typically, the entire process takes about 90 days.
In Chapter 7, you are required to fully disclose your assets and liabilities to the Bankruptcy Court. Your assets, minus certain exemptions, go into the bankruptcy estate, which is then liquidated to pay your debts. The balance of your debts are then discharged. However, many of our clients do not lose any of their assets. By exempting many assets under the applicable laws, we are able to protect our clients' possessions from being seized and sold during the bankruptcy process.
In 2005, the federal bankruptcy laws were amended by Congress, which sought to restrict the class of people eligible to file for Chapter 7 by imposing certain income requirements. Our qualified bankruptcy attorneys will help you determine whether you are eligible for Chapter 7 bankruptcy or whether you should consider other debt relief options. Attorney Lance Goff is an experienced bankruptcy lawyer and member of the National Association of Consumer Bankruptcy Attorneys (NACBA).
We can also help you understand the Chapter 7 Means Test, which is a formula through which Chapter 7 eligibility can be determined.
Contact us online or by phone at 303-872-0535 to speak with an experienced attorney regarding your Chapter 7, bankruptcy litigation matter. We offer free telephone consultations.
