Skilled Bankruptcy Lawyers in Boulder, Colorado
Chapter 7 · Chapter 13 · Bankruptcy Litigation
Clearing a Path to Freedom from Debt
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 chance at a better tomorrow.
Since 1997, the attorneys at Goff & Goff, LLC have put our skill and knowledge of bankruptcy law to work for our clients in Boulder and surrounding areas. Our goal is to help you obtain a fresh start, free from debt.
Are you thinking of filing for Chapter 7 or Chapter 13 bankruptcy? Contact us today online or by phone at 303-415-9688 for a free telephone consultation.
Chapter 7 Bankruptcy (Liquidation)
Chapter 7 bankruptcy, also known as "liquidation," is a way for someone who is overwhelmed by debt to get 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 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 is 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 changed, narrowing 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.
Chapter 13 Bankruptcy (Reorganization)
Generally speaking, Chapter 13 bankruptcy is intended for people who earn a steady paycheck, but who are having a hard time keeping up with a mortgage, car payments or credit card debts.
Chapter 13 bankruptcy imposes order on the chaotic situation that often develops when you default on your debts. Instead of being harassed and sued by your creditors, Chapter 13 allows you to propose a plan in which you pay an amount you can afford, regardless of how much you owe.
In addition, Chapter 13 offers other advantages: You do not have to liquidate your assets or pay back all your debt at once. You pay back some or all of your debt over a period of 36 to 60 months. Chapter 13 also allows you to keep important assets such as your home or car, while letting you catch up on your payments if you have fallen behind.
As soon as you file for bankruptcy, the law requires that all collection activity must stop, including harassing calls, dunning letters, and lawsuits.
Bankruptcy Litigation for Debtors and Creditors
Our bankruptcy practice extends to litigation. Our experienced attorneys represent both debtors and creditors in a variety of bankruptcy disputes, including:
- Nondischargeablity of particular debts
- Eligibility for a bankruptcy discharge
Contact us online or by phone at 303-415-9688 to speak with an experienced attorney regarding your Chapter 7, Chapter 13 or bankruptcy litigation matter. We offer free telephone consultations.
Our office is open Monday through Friday, 8:00 to 5:30. For your convenience, we accept Visa and MasterCard.
Spanish Language Services Available / Se Habla Español
 | Goff & Goff, LLC |