Denver, Colorado, Chapter 7 Bankruptcy Lawyers
SHARON W. GROSSENBACH, Attorneys at Law

With more than 30 years of experience in bankruptcy law, the law office of Sharon W. Grossenbach, Attorneys at Law, helps people file for consumer bankruptcy under Chapter 7 of the Bankruptcy Code. The firm's principal lawyer, Sharon W. Grossenbach, is board certified in consumer bankruptcy law.

Giving You a "Fresh Start"

Chapter 7 is often called the "fresh start" approach to bankruptcy. Chapter 7 is a form of debt relief that excuses many unsecured debts ¾ although not all ¾ without the obligation of repayment. It stops creditors from harassing you and continuing to collect money from you. It stops all collection action, including garnishments and levies (except for child support). It will also allow you to get rid of Judgments and Judgment liens, whether secured or unsecured. If a lien has been recorded against real property you own and live in, then the lien can be canceled if it impairs your homestead exemption. You can usually keep personal and real property you are still paying for if you so choose and can afford to. In order to keep secured debts, you must be contractually current on the payments, be able to stay current, and maintain any required insurance. Free and clear personal property can normally be kept, as long as the value (garage sale does not exceed the allowed exemption). Please note that many if not most assets are exempt, which means you will not lose them to your creditors or the bankruptcy Trustee. Even if something you own is over your allowed exemption in value, you can agree to pay the difference to the Trustee and still keep the item(s).

If your finances are out of control, or if you have or anticipate an inability to meet debts as they become due and you need help now, contact our Denver Chapter 7 bankruptcy lawyers and staff for a free initial consultation. Find out how we can help you.

Is Chapter 7 Right for You?

Our Denver Chapter 7 bankruptcy lawyers will take the time to sit down with you and understand your overall financial situation. They will explain to you what is involved in filing for bankruptcy and the differences between filing under Chapter 7 (liquidation) and Chapter 13 (reorganization). The initial consultation is free. We charge a flat fee for our bankruptcy services, and payment plans are available.

One way to determine if you qualify for Chapter 7 is by taking a bankruptcy means test. If your total household income is under the median income level for the same size household in Colorado, then you technically qualify to file for Chapter 7 (assuming you meet all other mandatory requirements). If your household income is above the median income level for the same size household, then you would either need to pass a long form means test, which takes other factors into consideration, or potentially file a Chapter 13. In order to file for Chapter 7, you must be and be able to stay current and afford any secured debts you intend to keep. A Chapter 7 will get rid of most of your unsecured debts, which will hopefully allow you to be able to afford your necessary expenses. If however you are behind on secured debts you wish to keep, such as your house and car, then filing under Chapter 13 may be the better alternative. Our lawyers and staff will help you choose the best option for your financial situation.

Emergency Bankruptcy Filings

Our personal bankruptcy lawyers offer emergency filings for situations where someone wants to save their house from foreclosure, stop their vehicle from being repossessed (or recover one that has been already but not been sold), or stop a wage garnishment or levy, or other situations where there is a true emergency. There is an additional charge for emergency bankruptcy filings, which can be filed the same or following day as your 2^nd appointment (assuming you have provided the minimum required documents and information necessary to file).

Contact an Experienced Bankruptcy Attorney

The bankruptcy laws changed in 2005, so it is important to work with our lawyers and staff to understand how the changes affect your situation. Contact a bankruptcy lawyer at the law office of Sharon W. Grossenbach, Attorneys at Law, today. Your first consultation is free.