4891 Independence St., Suite 240
Wheat Ridge, Colorado 80033
Chapter 7 is the most recognized form of bankruptcy, and is the fastest and most straightforward type of bankruptcy. Chapter 7 bankruptcy is known as a liquidation. However, in over 90% of all Chapter 7 bankruptcies, no assets are liquidated. This is because an individual is allowed to exempt (protect) many of the assets owned by ordinary individuals. The term liquidation is used since non-exempt (unprotected) assets are liquidated to partially pay creditors. Chapter 7 discharges (eliminates) most types of debt. Among the types of debt Chapter 7 cannot discharge are: debts incurred due to fraud or embezzlement, domestic support obligations (child support, maintenance, etc.), most student loans, and most governmental fines and restitution orders. If you think chapter 7 bankruptcy may be the answer for you, then let Parnell & Associates PC use their 25 years of bankruptcy experience to help you file.
Unable to meet your bills as they come due
You have been sued, levied or garnished
Debts exceed assets
Payday loans prevent you from moving forward
• Credit card debts
• Medical bills
• Personal loans
• Taxes, in some circumstances
Most clients of Parnell & Associates PC are referred by attorneys, other professionals or prior clients.
Call our office for straightforward bankruptcy assistance.