A key goal in a Chapter 7 bankruptcy is to discharge certain debts to provide a fresh start to honest individuals. The Bankruptcy Code permits the debtor to keep certain “exempt” property, however all non-exempt assets are liquidated; the proceeds of which pay creditors. Sometimes a debtor’s property may be subject to liens that guarantees the property to other creditors. Accordingly, debtors should realize that the filing of a petition under Chapter 7 may result in the loss of their property.

Our firm is committed to helping you get back on solid financial ground. After a bankruptcy, you can get your finances back on track, allowing you to qualify for credit for the large purchasing decisions in your life. Remember, there is life after bankruptcy.

Please call us today at 720-979-3517 or click here to contact our Parker attorney office to tell us about your case or schedule your free online consultation.