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"Chapter 7"
The means test was enacted in 2005 as a way to more systematically determine who may receive a chapter 7 bankruptcy discharge. Despite all the subsequent litigation, issues, and technicalities associated with the means test, the means test is an income qualification. If you make too much money, the bankruptcy code wants you to pay [...]
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We live in Colorado. Our home got foreclosed on in August 2010. We owed $295,000, and now because of lawyer’s fees the debt is $322,000. The home is now on the market for $180,000. We are very concerned that we will have a judgment against us for the deficient amount and that we will [...]
Continue Reading →Whether you live in Denver, or any other state, if you do any sort of Google search for bankruptcy attorney; the results will include ads offering bankruptcy for very low prices, $499, $599, $699, etc. Can you really hire an attorney to fully represent you in bankruptcy for such a price and how do you [...]
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How long does Chapter 7 Bankruptcy take?
Answer:
As you can probably guess, the answer to that question is, it depends. But on average, from start to finish, a chapter 7 bankruptcy takes about four months.
Let’s lay out the milestones of a chapter 7 bankruptcy case. First milestone is case preparation and planning. [...]
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Can a creditor not listed on the bankruptcy papers come back a couple years later and sue to get the full amount owed to them?
Answer:
Strictly speaking, yes. If that happens, is it the end of the world, generally no? First, to be a bit of a stickler, you asked “can a creditor…?” [...]
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Hi There. We have had a horrendous year, emergency after emergency arose. We have fallen behind on EVERYTHING. I cannot seem to catch up on anything. We received a subpoena for October 20 for medical bills I did not know about. We had a chapter 7 discharged in April 2003. Can we file for [...]
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I need to dissolve and file bankruptcy for my small business (Chapter C Corp) that is no longer operating. Is this something your office handles, or do you work only on personal bankruptcies?
Answer:
Yes, if necessary, our office can handle and file corporate chapter 7 bankruptcies. More importantly, we can sit down with [...]
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