Longmont Chapter 7 Bankruptcy
Get The Fresh Start You Deserve
Chapter 7 bankruptcy is a powerful tool that can eliminate your unsecured debts, such as credit card debt and medical bills. You may be able to keep your home and car, and you can rebuild your credit after a Chapter 7 bankruptcy.
Our Longmont Chapter 7 bankruptcy lawyers will guide you through the process, ensuring that you are able to take full advantage of the benefits of a Chapter 7 bankruptcy. We have helped people in Longmont, Boulder, and throughout the surrounding areas find debt relief.
For the help you need, call us at (303) 816-3171 or contact us online to schedule a free consultation with our team.
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"Excellent communication, very prompt on returning calls and emails."
Katie is a fantastic attorney! She is very thorough, detailed, and supportive. She is wonderful to work with, so courteous and friendly. Excellent communication, very prompt on returning calls and emails. She did a wonderful job representing me. Highly recommend Katie!- Kimberly Fajt -
"I would recommend them first!!"
Katie was very good at being responsive to my court matters. She and Jack were always so nice and respectful! I would recommend them first!!- Lynnea Archuleta -
"She completed more work in one week than my previous attorney had accomplished in six months."
Attorney Katie Goff is phenomenal! She’s educated, punctual, caring; yet authoritative. I was between a rock and a hard spot when she agreed to take on my messy case. She completed more work in one week than my previous attorney had accomplished in six months. I appreciate everything she and her staff accomplished for me, and will forever be indebted.- Lyn Lane -
"Lance GOFF is one of the most intelligent bankruptcy attorneys in Denver and Boulder."
Lance GOFF is one of the most intelligent bankruptcy attorneys in Denver and Boulder. He represented our family with excellence. We had a long and highly adversarial case which spanned 3 years and concluded with a four day trial. He is a truly gifted trial lawyer who defends his clients with every once of energy he has. Thank You Lance for everything!- Jeff Mullins
Chapter 7 Bankruptcy Process
The Chapter 7 bankruptcy process begins by filing a petition with the bankruptcy court. Our Longmont Chapter 7 bankruptcy attorneys will help you complete the bankruptcy petition and file it with the court. The court will issue an automatic stay, which will stop all collection actions, including foreclosure, repossession, and wage garnishment.
The court will then appoint a bankruptcy trustee to oversee your case. The trustee will review your bankruptcy petition and schedules and may ask you to provide additional information or documentation. You will need to attend a meeting of creditors, where the trustee will ask you questions about your bankruptcy petition. Our Longmont Chapter 7 bankruptcy lawyers will be by your side at the meeting of creditors to ensure your rights are protected.
The trustee will then determine if you have any nonexempt assets that can be liquidated to pay your creditors. If you do not have any nonexempt assets, the trustee will file a no-asset report, and you will proceed to receive your discharge. If you do have nonexempt assets, you may need to surrender them to the trustee, who will sell them and use the proceeds to pay your creditors.
After you receive your discharge, your unsecured debts will be eliminated. You will not be responsible for paying any of the debts that were discharged.
Rebuilding Credit After Chapter 7
A Chapter 7 bankruptcy will remain on your credit report for 10 years. However, you can begin rebuilding your credit immediately after your bankruptcy is over.
To rebuild your credit, you should:
- Monitor your credit report: Make sure that your discharged debts are reported as “discharged in bankruptcy” and that your other debts are being reported correctly.
- Pay your bills on time: Payment history is the most important factor in calculating your credit score. Paying your bills on time will help you rebuild your credit.
- Keep your credit card balances low: Your credit utilization ratio is the second most important factor in calculating your credit score. Your credit utilization ratio is calculated by dividing your credit card balances by your credit card limits. Keeping your balances low will help you rebuild your credit.
You can obtain a secured credit card or a credit builder loan to help you rebuild your credit. A secured credit card is a credit card that is secured by a cash deposit. A credit builder loan is a loan that is secured by a certificate of deposit. Both types of credit products are relatively easy to obtain, even if you have poor credit.
