Chapter 7
Knowledgeable Chapter 7 Bankruptcy Representation
Founded in 1999 | Flexible Appointment Scheduling | Free Bankruptcy Consultations
Founded in 1999
Flexible Appointment Scheduling
Free Bankruptcy Consultations
A Helpful Chapter 7 Bankruptcy Attorney
Whether you're an individual or you run a business, Carlson Law Office is always available when you make the decision to declare bankruptcy. Let our experienced team help you start saving money and assets by halting wage garnishments and foreclosures. Our aggressive representation produces results!
Learn More About Chapter 7
Chapter 7 is the liquidation chapter of the bankruptcy code.
Chapter 7 is also referred to as a "straight bankruptcy" or "liquidation" case, which may be filed by an individual, a corporation, or a partnership.
A trustee is appointed to collect and sell all property that is not mortgaged or exempt, the proceeds of which will be used to pay creditors.
For individuals, the debtor is allowed to claim certain property as exempt pursuant to federal bankruptcy law and Colorado law.
An individual debtor will receive a discharge, which means the debtor is not responsible for certain types of debts. Corporations and partnerships do not receive discharges in Chapter 7.
Other chapters require the confirmation of a plan of reorganization or liquidation. Without an attorney, it is extremely difficult to obtain the needed confirmation of a plan.
Learn More About
Carlson Law Office
Share On: