Benefits of Chapter 7

Learn How Chapter 7 Bankruptcy Can Benefit You

Mile High Bankruptcy have each practiced bankruptcy law since the early 1980s. Our firm draws upon more than 50 years of practical bankruptcy experience to advise our clients and help them get the most out of a bankruptcy case. One thing we've learned over the years is that Chapter 7 typically offers the fastest and most complete relief available under the Bankruptcy Code, and that nearly all of our clients stand to benefit from a Chapter 7 case if they are eligible.

For detailed advice about the ways that Chapter 7 can benefit you and your family, and for answers to your questions about your eligibility for Chapter 7 relief, contact an experienced attorney at Mile High Bankruptcy in Denver. We offer free consultations and flexible payment plans. Most of all, we know how to put Chapter 7 to work for your benefit.

Call 303.831.0733 to learn more about Chapter 7 bankruptcy in Colorado

People considering bankruptcy normally need to choose between Chapter 7 and Chapter 13. When the Bankruptcy Code was amended in 2005, one of the most important changes was the introduction of a means test for Chapter 7 eligibility. To qualify for Chapter 7 relief, your adjusted household income cannot exceed the state median income. Our lawyers can explain how the adjustments to your income can help you qualify for Chapter 7, even if you have a relatively high family income.

Do I qualify for Chapter 7 bankruptcy? The first thing our lawyers discuss with you is your eligibility for Chapter 7. We find that at least 90 percent of the people who call us qualify for the benefits of Chapter 7 debt relief. Read more

Chapter 7 Bankruptcy Benefits and Qualifying for Chapter 7

Chapter 7 bankruptcy offers many advantages over Chapter 13. Here are just a few:

  • It's faster — many Chapter 7 cases are finished within six months, while a Chapter 13 case required three to five years of payments under a plan
  • It's more complete — you get a complete discharge of all qualifying debts, while in Chapter 13 you have to pay part of them back
  • It's simpler — because you're aiming for a complete discharge of indebtedness, your creditors won't argue with you about how much of your debts you'll be repaying
  • It's more reliable — about half of Chapter 13 bankruptcy cases fail

Meanwhile, once your Chapter 7 petition is filed, bankruptcy's automatic stay gives you full protection from creditor collections and harassment. For additional information about the benefits of Chapter 7 bankruptcy, contact Mile High Bankruptcy in Denver.

We are a debt relief agency. We help people file for bankruptcy relief under the U.S. Bankruptcy Code.

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