Chapter 7

Helping you find a way out of debt while keeping what you own
Contact Us Today

Chapter 7 Bankruptcy Attorney In Colorado

Is Chapter 7 Bankruptcy Right for Me?

In a Chapter 7 bankruptcy, you can get rid of most of your debts, such as payday loans, medical bills, credit cards, personal loans, repossessions, and more. In most Chapter 7 cases, you can still keep your home and car, so long as you make your payments on time. The advantages don’t end there. The moment you file, you end all the threats and bullying, including lawsuits, garnishments, and frozen bank accounts. However, there are several strict requirements, so it pays to have an experienced Chapter 7 lawyer by your side before you start. Our bankruptcy attorneys have an excellent track record of success in helping our clients get a new start on their financial lives. To learn how we can help you, get in touch with our bankruptcy legal team today.

Contact Law Offices of Andrew F. McKenna, P.C. to schedule a consultation with a lawyer today. 303-730-8819

A Chapter 7 bankruptcy is the most common type of consumer bankruptcy. The consumer’s debts are discharged so he can make a fresh start. Any assets that are not exempt are liquidated to repay as many debts as possible. A trustee is put in charge of assessing your assets and ensuring that you receive payment for any exemptions.


  • Major debts are wiped clean
  • Many assets are protected from liquidation
  • Payment for all relevant debts stop immediately
  • Creditors are banned from contacting you

Debts Not Discharged

However, not all debts can be discharged under Chapter 7. The bankruptcy laws in Colorado state that some monthly payments must continue to be made. Some examples of these exceptions include:


  • Child Support
  • Alimony
  • Taxes
  • Student Loans
  • Fraudulent debts


Despite these exceptions, the majority of your bills will be cancelled. Major credit card debt and unsecured bills can all be dismissed. If you are unsure of how much of your debt would be forgiven in a Chapter 7 bankruptcy, contact a reliable bankruptcy lawyer.

What Are Some of the Requirements for a Chapter 7 Bankruptcy?

To prevent high-income people from taking advantage of an “easy out,” applicants for Chapter 7 bankruptcy must pass a means test. The means test assures the court that you do not have enough income to reasonably pay off your debt. You’ll also need to get financial counseling during the six months before you file. To ensure that you meet all these requirements and file the proper paperwork, you’ll need to meet with a bankruptcy lawyer well beforehand so that the process goes through as quickly as possible. Get started on the road to financial freedom today.

Frequent Concerns

Debtors often worry about the repercussions for the future of their families if they file for bankruptcy. Frequently asked questions include:


  • Will I lose my car?
  • Will I lose my home?
  • Will I be able to get a credit card?



A local bankruptcy attorney can help you to assess the situation and determine what the fallout will be for your personal bankruptcy case.

Reaffirming Your Debt

You might choose to reaffirm your debt in order to retain certain property, such as a house or a car. In that case, you would voluntarily sign a Reaffirmation Agreement. Keep in mind that such an agreement bars you from bankrupting on that debt within the next six years. Therefore, you must be sure that you wish to continue those payments rather than gain a completely new start.


Contact the Law Offices of Andrew F. McKenna, P.C. today for a free consultation about your Chapter 7 bankruptcy.

Contact Us Now

Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.

Share by: