Falling behind on debt is unsettling for any person or family. No one wants unpaid bills piling up, but circumstances sometimes make it impossible for hard-working people to get ahead. The end result often leads to the embarrassment caused by harassing phone calls from creditors, care repossessions, garnishment of wages, home foreclosures, and even lawsuits. Fortunately, the law recognizes that honest people often get caught in the quicksand of debt, and filing for bankruptcy offers hope for future financial stability. Anyone who owes more than their assets are worth, or who is unable to make payment as they come due, should speak with a Boulder bankruptcy attorney regarding their eligibility for bankruptcy. Bankruptcy courts will consider your assets, how much money you make, your location, as well as your debts to determine whether you qualify for Chapter 7 bankruptcy.