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Chapter 7 Bankruptcy

At Fleming Lowenberg & Cooling, our distinguished legal professionals, serving the communities of Montrose County, Delta County, Mesa County, Gunnison County, Ouray, and San Miguel County, Colorado, bring unparalleled expertise in Chapter 7 bankruptcy cases. Meticulously navigating the complexities of bankruptcy law, our accomplished attorneys specialize in providing swift and comprehensive relief for both individuals and businesses. We also provide Chapter 7 Bankruptcy legal service in La Plata, Montezuma, Garfield, Eagle, Lake, Pitkin, Hinsdale counties in Colorado.

Chapter 7 Bankruptcy Lawyers In Colorado

Helping you understand Chapter 7 bankruptcy law to become financially free

At Fleming Lowenberg & Cooling, we stand as your trusted guides through the intricate landscape of Chapter 7 Bankruptcy in Colorado. Our expert legal team is committed to providing you with the knowledge and support you need to make informed decisions and regain control of your financial future.


Understanding Chapter 7: A Comprehensive Overview


Chapter 7 bankruptcy, commonly known as liquidation bankruptcy, is a legal process designed to provide individuals and businesses with a fresh financial start by eliminating most of their unsecured debts. Federal law governs Chapter 7 bankruptcy in Colorado, as it does in other states, and the United States Bankruptcy Code lays out the procedures.


Here's an overview of the key aspects of Chapter 7 bankruptcy in Colorado:


Liquidation of Assets:

  • In Chapter 7 bankruptcy, a court-appointed trustee is responsible for liquidating (selling) non-exempt assets to repay creditors.
  • Colorado has specific exemptions that allow individuals to retain certain property, such as a primary residence, a vehicle, and personal belongings.


Automatic Stay:

  • Upon filing for Chapter 7 bankruptcy, an automatic stay goes into effect, preventing creditors from pursuing collection actions, such as lawsuits, wage garnishments, or repossessions.
  • This provides immediate relief to the debtor, allowing them some breathing room to address their financial situation.


Debt Discharge:

  • The primary goal of Chapter 7 bankruptcy is to obtain a discharge of debts.
  • Most unsecured debts, such as credit card balances, medical bills, and personal loans, can be discharged, meaning the debtor is no longer legally obligated to repay them.


Means Test:

  • To qualify for Chapter 7 bankruptcy in Colorado, individuals must pass a means test. This test evaluates their income and expenses to determine if they have the financial means to repay a portion of their debts through a Chapter 13 repayment plan.


Credit Counseling:

  • Before filing for Chapter 7 bankruptcy, individuals are required to undergo credit counseling from an approved agency. This aims to help them explore alternatives to bankruptcy and understand the implications of filing.


Bankruptcy Discharge:

  • Once the Chapter 7 bankruptcy process is complete, the court issues a discharge order, officially releasing the debtor from personal liability for most dischargeable debts.
  • It's important to note that certain debts, such as student loans, child support, and certain tax obligations, may not be dischargeable through Chapter 7 bankruptcy. Additionally, the process involves intricate legal procedures, and individuals considering filing for Chapter 7 bankruptcy in Colorado are encouraged to consult with a qualified bankruptcy attorney to understand their specific situation and options.


Education and Empowerment: Our Core Values


Beyond legal representation, our commitment extends to educating and empowering you. We take the time to explain the intricacies of Chapter 7, ensuring you have a clear understanding of the process and its implications. Our goal is to equip you with the knowledge needed to make well-informed decisions about your financial future.


Contact Us to Begin Your Journey


If you are considering Chapter 7 Bankruptcy in Colorado, Fleming Lowenberg & Cooling is ready to assist you. Contact us today to schedule a consultation. Let our experienced legal team guide you through the process, offering support and expertise as you take the necessary steps toward a debt-free future. Your financial recovery starts here.

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Chapter 7 Bankruptcy Frequently Asked Questions

  • Q: What is Chapter 7 bankruptcy and how does it work in Colorado?

    A: Chapter 7 bankruptcy is a debt relief option in Colorado where qualifying individuals can eliminate most unsecured debts through a liquidation process. At Fleming Lowenberg & Cooling, our legal team guides you through the steps, ensuring a seamless process that can lead to a fresh financial start.

  • Q: How can I determine if I qualify for Chapter 7 bankruptcy in Colorado?

    A: Qualifying for Chapter 7 involves a means test to assess your financial situation. Our expert attorneys at Fleming Lowenberg & Cooling analyze your income and expenses, helping you understand your eligibility and exploring the best path forward.

  • Q: What assets can I keep in Chapter 7 bankruptcy in Colorado?

    A: Colorado has specific exemptions allowing individuals to retain certain assets like a primary residence, vehicles, and personal belongings. Our team ensures you understand these exemptions, preserving your essential property during the bankruptcy process.

  • Q: How does the automatic stay benefit me in Chapter 7 bankruptcy?

    A: Filing for Chapter 7 triggers an automatic stay, preventing creditor actions like lawsuits and wage garnishments. This crucial legal protection provides immediate relief, allowing you to focus on rebuilding your financial stability.

  • Q: Can all debts be discharged in Chapter 7 bankruptcy?

    A: Most unsecured debts, such as credit cards and medical bills, can be discharged in Chapter 7. However, certain debts like student loans and child support may not qualify. Our attorneys at Fleming Lowenberg & Cooling help you understand which debts may be discharged in your specific case.

  • Q: Is credit counseling required before filing for Chapter 7 bankruptcy in Colorado?

    A: Yes, credit counseling is a mandatory step before filing for Chapter 7 bankruptcy. Our team assists you in completing this requirement, offering guidance on alternatives to bankruptcy and ensuring you have a comprehensive understanding of the process.

  • Q: How can Fleming Lowenberg & Cooling help with Chapter 7 bankruptcy in Colorado?

    A: Our experienced legal team specializes in Chapter 7 bankruptcy cases. From eligibility assessments to navigating exemptions and discharge, we provide personalized support to help you achieve financial freedom. Contact us for a consultation and take the first step towards a debt-free future.

  • Q: When Should You File For Chapter 7 Bankruptcy?

    Individuals residing in Montrose, CO, Delta, CO, Telluride, CO, and the surrounding areas, whose income falls below the "Means Test" threshold, have the option to file for Chapter 7 bankruptcy. This process requires a comprehensive disclosure of income, debts, and assets with the objective of demonstrating to the Court that there is insufficient income to repay debts and no assets available for liquidation.


    In certain instances, clients may possess unprotected assets, such as valuable cars or firearms. Our role is to identify these assets and collaborate with you to safeguard them before initiating the filing process. A notable advantage of filing for bankruptcy is the automatic stay, which temporarily halts creditor lawsuits, wage garnishments, and creditor harassment. This "stay" provides debtors with the necessary time to navigate the bankruptcy process without the added burden of creditor harassment.


    Our adept Colorado bankruptcy attorneys at Fleming Lowenberg & Cooling are ready to guide you through every facet of the Chapter 7 process. This includes collecting and preparing the requisite paperwork for your bankruptcy filing, with all documentation submitted electronically for your convenience. We will stand by your side during the Meeting of Creditors, addressing any inquiries creditors may have about your bankruptcy petition. With our experienced bankruptcy attorneys, you can confidently face this meeting without surprise or feeling underprepared.


    Let Fleming Lowenberg & Cooling assist you in achieving debt discharge under Chapter 7 today!

Why Choose Fleming Lowenberg & Cooling Law Firm for Bankruptcy in Colorado?

If you're navigating through bankruptcy challenges in Archuleta, Conejos, Costillo, Delta, Eagle, El Paso, Garfield, Gunnison, Hinsdale, Huerfano, La Plata, Lake, Las Animas, Mesa, Mineral, Moffat, Montezuma, Montrose, Ouray, Pitkin, Pueblo, Rio Blanco, Saguache, San Juan, San Miguel, or any surrounding areas in Colorado, turn to our firm for unparalleled legal guidance. With a team of adept Colorado bankruptcy attorneys, Fleming Lowenberg & Cooling Law Firm adopts a hands-on approach in every case to provide exceptional legal advocacy. While we cannot promise specific outcomes, our unwavering commitment is to navigate you through your financial trials with expertise, aiming for a brighter financial horizon.


For more than 15 years, Fleming, Lowenberg & Cooling has dedicated its services to the Western Slope region. We understand the difficulties posed by financial distress, and firmly believe that quality legal assistance should be within everyone's reach. Our focus extends beyond just explaining your rights; we actively work to protect them, ensuring every client receives the comprehensive legal support they need.

Embark on the journey to financial freedom with the Fleming Lowenberg & Cooling Law Firm. Our Colorado bankruptcy attorneys provide a complimentary initial consultation for bankruptcy cases. Call (970) 240-2812 or contact us online to begin! Flat rates and unbundled services are available.

Benefits of Engaging an Attorney for Bankruptcy

Our bankruptcy attorneys possess extensive knowledge of Colorado bankruptcy law and adeptly handle individual cases. Here are reasons why hiring a bankruptcy attorney can be advantageous:


  • Knowledge of Colorado Laws: Our Grand Junction bankruptcy lawyer is well-versed in federal, state, and local court procedures related to bankruptcy filings. This expertise proves invaluable for protection against creditors and during proceedings.


  • Form Preparation Support: Our qualified Montrose bankruptcy attorney assists in accurately and efficiently preparing the necessary forms, minimizing the risk of errors that could hinder your filing.


  • Objectivity: In challenging financial times, having an impartial third party well-versed in the facts is crucial for making decisions about the most suitable debt relief options.



  • Negotiation Skills: Experienced attorneys bring effective negotiation strategies to the table, facilitating better repayment terms or the discharge of debts through negotiations with creditors.
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