• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

 Homepage

CONTACT US FOR A FREE CONSULTATION

970-232-3097
  • Homepage
  • About Us
    • Donna Holland
    • Steven Holland
  • Practice Areas
    • Automatic Stay
    • Chapter 13 Bankruptcy
    • Chapter 7 Bankruptcy
    • Debt Defense
    • Foreclosure Defense
    • Repossessions
    • Wage Garnishments
  • Reviews
  • Latest News
    • Devon Barclay PC Closed – Call Holland Law Office For Help!
  • Contact Us
CALL US NOW
EMAIL US NOW
When It Comes
To Your Financial Future
Don’t Take Chances
We Can Help!

Chapter 7 Bankruptcy Lawyers in Loveland Working to Provide You With a Brighter Future

Financial stress and mounting debt can be a major headache for anyone, especially when trying to make ends meet. Struggling to maintain a certain standard of living is a telltale sign that something might need to be done about your financial situation. Fortunately, there are laws and procedures in place that allow those struggling with debt a way to shed their financial struggles and start fresh. Bankruptcy is a viable method to clear debt from your name and reposition yourself.

Although there are a few types of bankruptcies available, a popular choice among certain people is Chapter 7 bankruptcy. Chapter 7 bankruptcy gives you the ability to smash the reset button and gain financial control over your life again. Chapter 7 is not for everyone as it requires specific qualifications to be eligible. A Chapter 7 bankruptcy lawyer can check your eligibility and guide you through the bankruptcy process from beginning to end.

What is Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is a form of bankruptcy that is available to many consumers to help alleviate common debts. Chapter 7 bankruptcy is a popular choice among those who qualify due to the nature of how debt is discharged. In other forms of bankruptcy, debts aren’t completely discharged and remain your responsibility to pay. In Chapter 7 bankruptcy, a majority of your outstanding debt may qualify to be discharged once the bankruptcy is finalized. Chapter 7 bankruptcy has a few disadvantages including not being available to everyone and not absolving you of major debts such as mortgage payments or car payments. However, it is possible the shortcomings of Chapter 7 may be worth taking in conjunction with the benefits Chapter 7 bankruptcy can provide. A lawyer helping clients with bankruptcy can talk to you about the pros and cons of Chapter 7 bankruptcy to see if it is right for you.

Am I Eligible for Chapter 7 Bankruptcy?

Eligibility for Chapter 7 bankruptcy primarily depends on the amount of income you make. If you make over a certain amount of money over the course of the year, you may not be eligible for Chapter 7 bankruptcy. Chapter 7 bankruptcy is primarily targeted by the average consumer that struggles to pay their unsecured debts. However, depending on the size of your household and the expenses you accrue, you still may be able to file for Chapter 7 bankruptcy. To be certain about your eligibility for Chapter 7 bankruptcy, it’s ideal that you have a bankruptcy lawyer look over your debts and expenses to determine if Chapter 7 bankruptcy is a viable option for you.

What Debts Will Be Discharged in Chapter 7 Bankruptcy?

If you are eligible to file for Chapter 7 bankruptcy, you may find that you are able to discharge many pesky common debts that have been affecting you for years. Common debts that are discharged after filing for Chapter 7 bankruptcy may include credit card debt, medical bills and expenses, and certain personal loans. You may also be able to have your mortgage and auto loans discharged but it is possible that you will also have to surrender the rights to those properties. In other words, filing for Chapter 7 bankruptcy doesn’t mean you can stop making car or mortgage payments and expect to keep them. Consulting with a bankruptcy lawyer can clue you in on what types of debts can be discharged in your Chapter 7 bankruptcy.

Can a Lawyer Guide Me Through the Chapter 7 Bankruptcy Process?

Chapter 7 bankruptcy can be a life-changing process for you and your family. While the prospects of discharging overwhelming debt can provide you joy, the Chapter 7 bankruptcy process itself can be stressful to keep up with. A bankruptcy lawyer from Holland Law Office can advise you when necessary, keep you on track throughout the process, and answer any pressing questions you have. For a free consultation, call Holland Law Office at 970-232-3097 today.

Download Your
Free Ebook Today

A Proven System to beat the lending industry by NOT playing their game!

Download Now

    Free In-Depth
    No Obligation Case Evaluation

    Latest News

    Can I Be Fired Due to...

    By: Holland Law Office | Mar 9, 2023

    … Read More

    What Is the Difference Between Secured...

    By: Holland Law Office | Feb 6, 2023

    … Read More

    What Are Some Common Ways Debt...

    By: Holland Law Office | Jan 4, 2023

    … Read More

    Can I Stop Creditors Calling Me...

    By: Holland Law Office | Dec 9, 2022

    … Read More

    Testimonials

    Debbie R.
    Loveland, CO

    I still call them from time to time and always get a quick response. Friendly and treat you like a person.

     
    Helen P.
    Loveland, CO

    I absolutely recommend Steven and Donna Holland in handling anything and everything having to do with bankruptcy. They are so helpful. They answer all questions, explain everything in detail, and have so much patience and professionalism.... th (...)

     
    Bob F.
    Loveland, CO

    Steven and Donna are very special people who are caring and yet very professional which evokes comfort and complete trust in their wisdom and expertise as they come alongside you in difficult times.

     
    Office Location
    • 1635 Foxtrail Dr
      Loveland, CO 80538
    • hollandlaw970@gmail.com
    • 970-232-3097
    Connect With Us

    Copyright © 2022 Holland Law Office P.C. All rights reserved. Powered by Social Firestarter | Privacy | Disclaimer | Sitemap