COVID-19 UPDATE: We remain open and able to fully serve you. See More.
National Association of Consumer Bankruptcy Attorneys
Gold star Certificate 2014
Gold star Certificate 2013
BBB Accredited Business A+
BBB Gold Star

A Chapter 7 Bankruptcy in Colorado Lasts for how Long?

In Denver and most parts of Colorado, a standard chapter 7 bankruptcy matter will last for 4-5 months from the filing of the petition to discharge.

Discharge should not be confused with the case closing. A bankruptcy discharge is an order entered by a Colorado Bankruptcy Court judge which prevents most unsecured creditors from suing the debtor for any personal liability associated with a debt. As per the Bankruptcy Code, the discharge can enter no earlier than 60 days after the 341 Meeting of Creditors – this same 60 days is how long the unsecured creditors have to object to the discharge.

The bankruptcy discharge order always is entered before the judge orders the case closed. If the case is a “no asset” chapter 7, meaning that the debtor has no non-exempt property for the bankruptcy trustee to distribute to unsecured creditors, the order closing the case will likely be entered much sooner, perhaps at the same time as the discharge order.

On the other hand, a chapter 7 case can remain open much longer than the 60 days after the 341 Meeting of Creditors if some of the debtor’s property is non-exempt and thus can be distributed to creditors by the trustee or if one or more creditors object to discharge.

Client Reviews
★★★★★
David Serafin is a talented and respectful attorney that works hard to get the best results for his clients. He's thorough at reviewing client cases and patient at explaining all the available options. I would certainly recommend him to anyone searching for help with a bankruptcy, a tax situation or estate planning. A. K.
★★★★★
Mr. Serafin is a consummate professional and his hard work and legal advice are second to none. He will give you outstanding personalized legal service, and you will be glad you chose him as your attorney. While some lawyers have a bad reputation for lacking ethics, Mr. Serafin holds himself to the highest of ethical standards and is in good standing with the Colorado bar. Pick Mr. Serafin for your tax and other legal needs - you will be glad you did. R.S.
★★★★★
If you are in need of a excellent attorney who will provide you support, guidance, professionalism, and most importantly, INTEGRITY. David does it all! I would not pass up his due diligence! R. T.