Bankruptcy FAQs

At the law office of Jeffrey L. Hill, P.C., we offer bankruptcy representation to clients in South Denver and the surrounding areas. Many people come to our office with questions about bankruptcy. Here are answers to some of the questions we are asked most frequently:

How Long Does Chapter 7 Bankruptcy Take?

Although cases vary depending on a number of factors, a Chapter 7 bankruptcy filing — from start to finish — generally takes around 100 days.

How Long Does Chapter 13 Bankruptcy Take?

In Chapter 13 bankruptcy, a repayment plan is established. The plan lasts for a period of three or five years. In the Chapter 13 repayment plan, most debtors pay back far less than they owe.

Will Filing Bankruptcy Hurt My Personal Or Professional Reputation?

Bankruptcy no longer holds the stigma it once did. Today, people from all walks of life use bankruptcy as a way to get out of a seemingly impossible financial situation.

Hundreds of thousands of people file for bankruptcy in the United States every year. Bankruptcy is very common and no longer controversial. It is illegal for an employer to discriminate against you or fire you for filing bankruptcy.

Bankruptcy offers a way to get you out of debt. It allows you to get your life back.

If I File Bankruptcy, Will My Spouse's Credit Be Hurt?

In most cases, one spouse filing bankruptcy will have little or no affect on the other spouse. The bankruptcy stays on the record of the person filing it — not his or her spouse's. The only way a bankruptcy filing may affect the spouse is if he or she was a cosigner on a loan — or if other similar financial ties exist.

My Business Is Failing: Do I Need To File Business Bankruptcy?

Chapter 11 bankruptcy is well-suited for businesses that would benefit from financially restructuring and have the ability to be profitable in the future. For businesses that have no prospects for future profitability, a Chapter 7 bankruptcy filing may be more appropriate.

Schedule Your Free Bankruptcy Consultation Today

If you have more questions about bankruptcy, we invite you to call us or complete our online contact form to schedule a time to meet.