Howard S. Goodman Bankruptcy Lawyer

About Howard S. Goodman Bankruptcy Lawyer

Chapter 7 Bankruptcy, sometimes mistakenly referred to as “liquidation” is the most common form of bankruptcy filed in Denver and the United States. The process involves meeting with an experienced bankruptcy attorney to analyze your situation to determine if chapter 7 bankruptcy is right for you. For many people that I meet, bankruptcy is not a good option.

If it makes sense for you to file chapter 7 bankruptcy, the next step is preparing a Bankruptcy Petition which on average is 50-80 pages long. Federal Bankruptcy Law requires debtors to list all debts and all assets in the petition. There are no exceptions. In addition Debtors must fill out a Statement of Financial Affairs which includes questions regarding income, lawsuits, foreclosure, businesses, closed bank accounts, sales of property and several other matters. I assist you in the preparation of these legal documents.

Debtors must qualify to file for this type of bankruptcy. The qualification is calculated using an 8 page government formula to determine whether debtors are above or below the median income for their State and County of residence.

Prior to filing the Chapter 7 Bankruptcy, debtors must complete a credit counseling class and obtain a certificate of completion which is filed with the Chapter 7 Bankruptcy Petition. A second credit counselling call must be completed post-filing, as well.

Once the Petition is prepared it is electronically filed with the U.S. Bankruptcy Court. This is Federal Court not State Court.