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Denver-based bankruptcy law firm specializing in Chapter 7 consumer bankruptcy with direct attorney representation and flat-fee pricing starting at $1,600.
Data compiled from public sources
Nye Law Firm was established in 2005 and operates as a consumer bankruptcy practice based in Denver, Colorado, with service coverage extending across the Front Range and into Grand Junction. The firm is built on the foundation of strong attorney-client relationships and emphasizes personalized attention to each case. Founder Nora Nye is the primary attorney, and the practice distinguishes itself by avoiding the common law firm model of delegating clients to junior staff.
The firm specializes exclusively in Chapter 7 consumer bankruptcy representation. They offer a listed fee structure with a base attorney fee of $1,600 (exclusive of court filing fees and credit report fees), flexible payment plans based on ability to pay, and multiple payment options including online debit and non-client credit card processing. Clients receive direct service from Nora Nye throughout the bankruptcy process, with the firm positioning itself as providing "experienced, quality, caring, and efficient representation" tailored to individual circumstances.
What distinguishes Nye Law Firm is the direct-access model where clients work exclusively with the named attorney rather than junior associates, a commitment stated explicitly on their website. The firm describes its approach as "full-service, aggressive and innovative" focused on helping clients achieve a financial fresh start. They emphasize accessibility and personalized attention as core differentiators in a market where larger firms typically distribute client work across multiple staff levels.
The firm operates in a competitive legal services market with limited transparency about outcomes, average case timelines, or specific bankruptcy discharge rates. While the flat-fee structure provides pricing certainty, the court filing fees and credit report costs add to the total client expense. The practice appears to have positive client testimonials but operates from a single location with one named attorney, which may create capacity constraints during high-volume periods.
This is state-level context for Bankruptcy Services consumers in Denver, CO. It does not confirm that Nye Law Firm or this specific location is licensed.
State regulator
Colorado Department of Regulatory Agencies - Division of Banking
Consumer protection
Relevant law: Colorado Credit Services Organization Act (C.R.S. § 5-19-101 et seq.)
Registration: Required with Colorado Attorney General (Administrator of the Uniform Consumer Credit Code)
Upfront fees: Listed as prohibited in the current CreditDoc state summary
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Nye Law Firm offers 8 services including Chapter 7 bankruptcy representation and filing, Direct legal counsel from named attorney throughout bankruptcy process, Financial fresh start planning and consultation, Flexible payment plan arrangements based on ability to pay, Online payment processing for attorney fees via debit card or non-client credit cards, and 3 more.
Nye Law Firm has profile signals associated with Denver-area residents seeking Chapter 7 bankruptcy with direct attorney contact and personalized service, Consumers prioritizing listed, flat-fee pricing and payment flexibility over large-firm resources, Individuals in the Front Range and northern Colorado with straightforward consumer debt situations.
Key strengths: Direct representation by named attorney Nora Nye—no delegation to junior staff or associates; listed flat-fee pricing at $1,600 for attorney fees with clear separation of court and credit report costs; Flexible payment plans explicitly based on client ability to pay. Areas to consider: Single-attorney firm may have limited capacity during peak filing periods or scheduling delays; Court filing fees and credit report fees are additional costs not included in the advertised $1,600 flat fee.
In the Bankruptcy Services category, comparable providers include Baker Law Group, PLLC, Berkus Law Office, Colonial Tax Consultants. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Nye Law Firm is profile signals for Denver-metro consumers filing Chapter 7 bankruptcy who value direct attorney access and prefer listed, predictable flat-fee pricing over larger firm structures. The main caveat is that this is a solo-attorney practice, which may limit availability and scalability, and the website lacks outcome data or performance metrics to verify the quality of results delivered.
Baker Law Group, PLLC is a bankruptcy law firm providing Chapter 7 and Chapter 13 filing services and legal representation for individuals facing financial hardship.
Profile signals: Individuals seeking attorney representation for Chapter 7 bankruptcy filings, Consumers needing legal guidance through Chapter 13 reorganization bankruptcy
Denver-based bankruptcy attorney Matt Berkus specializing in Chapter 7/13 bankruptcy, IRS tax debt relief, and student loan assistance for Colorado residents.
Profile signals: Colorado residents facing imminent foreclosure, wage garnishment, or creditor lawsuits seeking immediate bankruptcy protection, Business owners or self-employed individuals with both personal and business debt requiring integrated bankruptcy strategy
Tax representation firm specializing in IRS and state tax disputes for businesses and individuals nationwide. Small Denver-based practice of attorneys and enrolled agents.
Profile signals: Business owners facing IRS audits or tax disputes with complex legal implications, High-net-worth individuals in tax controversies requiring attorney-level representation
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
When you fail to repay a loan according to the agreed terms — usually after 90-180 days of missed payments. It's the point where the lender gives up on collecting normally.
Default triggers severe consequences: credit score drops 100+ points, the debt may be sent to collections, you could be sued, and your wages or assets could be seized.
Example
You miss 4 consecutive car payments. The lender declares your loan in default, repossesses your car, sells it at auction for $8,000, and you still owe the remaining $5,000 (called a deficiency balance).
A federal agency created in 2010 to protect consumers from unfair financial practices. They write rules, supervise financial companies, and handle consumer complaints.
The CFPB is your most powerful ally against high-cost lenders. Filing a complaint with them gets a response from the company within 15 days — companies take CFPB complaints seriously.
Example
A debt collector calls your workplace after you told them to stop. You file a CFPB complaint online. Within 15 days, the collection agency responds and agrees to stop. The CFPB tracks complaint patterns across all companies.
A federal law that limits what debt collectors can do. They can't call before 8am or after 9pm, can't harass you, can't lie, and are required to stop contacting you if you request in writing.
Knowing your FDCPA rights stops abusive collection tactics. If a collector violates the law, you may have a right to sue for up to $1,000 per violation plus attorney fees.
Example
A collector calls your workplace 3 times after you told them not to. That's 3 FDCPA violations. You hire a consumer attorney (free — they get paid by the collector). The collector settles for $3,000.
A court order that requires your employer to withhold part of your paycheck and send it directly to a creditor. Usually happens after a creditor sues you and has obtained a judgment.
Federal law limits garnishment to 25% of disposable income. Some states have lower limits. Student loans and taxes can be garnished without a court order.
Example
You owe $8,000 on a defaulted credit card. The bank sues, gets a judgment, and garnishes your wages. On a $3,000/month net paycheck, they take $750/month until the debt is paid.
A time limit (typically 3-6 years, varies by state) after which a creditor can no longer sue you to collect a debt. The debt still exists, but they lose the legal power to force payment.
Knowing your state's statute of limitations prevents you from being tricked into paying debts that are legally uncollectable. Beware: making a payment can restart the clock.
Example
You have a $3,000 credit card debt from 2019. Your state has a 4-year statute of limitations. In 2024, a collector calls demanding payment. The statute has expired — they cannot sue you.
A type of bankruptcy where you keep your assets but follow a court-approved 3-5 year repayment plan to pay back some or all of your debts. Stays on credit for 7 years.
Chapter 13 may be more relevant than Chapter 7 if you have a home or assets you want to keep. It can stop foreclosure and let you catch up on mortgage payments over 3-5 years.
Example
You're 3 months behind on your mortgage and have $30,000 in credit card debt. Chapter 13 stops foreclosure and puts you on a 5-year plan: you pay $600/month to catch up on the mortgage and pay 40% of the credit card debt.
A type of bankruptcy that wipes out most unsecured debts (credit cards, medical bills) by liquidating non-exempt assets. It stays on your credit for 10 years.
Chapter 7 gives you a fresh start but at a steep cost: 10 years on your credit, difficulty getting loans, and you may lose assets. Income is generally required to be below your state's median to qualify.
Example
You have $45,000 in credit card debt and earn $35,000/year. Chapter 7 erases the debt. You keep exempt property (basic car, household items). Your score drops to ~500 but you're debt-free.
When a creditor declares your debt a loss after 180 days of nonpayment and removes it from their books. But you still owe the money — they just stop expecting to collect it themselves.
A charge-off is one of the most damaging entries on your credit report and stays for 7 years. The debt is usually sold to a collection agency who will pursue you for it.
Example
You stop paying your $4,000 credit card. After 180 days, the bank charges it off and sells the debt to a collector for $800. The collector now contacts you demanding the full $4,000 (they profit from what they collect above $800).
When an unpaid debt is transferred or sold to a third-party collection agency that specializes in recovering the money. Collection accounts appear on your credit report for 7 years.
Even a $50 collection account can drop your score 50-100 points. Some newer FICO models (FICO 9) ignore paid collections, but many lenders still use older models.
Example
An old $200 gym bill goes to collections. It appears on all 3 credit reports and drops your 720 score to 640. Paying it helps with newer scoring models but under FICO 8 (still widely used), a paid collection still hurts.
Combining multiple debts into one single loan with one monthly payment, ideally at a lower interest rate. It simplifies repayment and can reduce total interest.
Consolidation is generally most useful when you get a lower rate than your existing debts. But it doesn't reduce what you owe — and extending the term can mean paying more total interest.
Example
You have: $5,000 at 22% (credit card), $3,000 at 18% (store card), $2,000 at 25% (payday loan). A $10,000 consolidation loan at 11% saves you ~$2,100 in interest over 3 years.
Negotiating with creditors to accept less than the full amount you owe — typically 40-60 cents on the dollar. Usually done after you've already fallen behind on payments.
Settlement can save thousands, but it severely damages your credit (settled accounts show for 7 years) and the IRS may tax the forgiven amount as income.
Example
You owe $15,000 on a credit card and negotiate a settlement of $7,500 (50%). You save $7,500 but: your credit drops 100+ points, the account shows 'settled' for 7 years, and you may owe taxes on the $7,500 forgiven.
The percentage of your monthly gross income that goes toward paying debts. Lenders use it to judge whether you can afford another loan payment.
Most lenders want DTI below 36% for personal loans and below 43% for mortgages. Above that, you're considered overextended and likely to be denied.
Example
You earn $5,000/month gross. Your debts: $1,200 mortgage + $300 car + $200 student loans = $1,700/month. DTI = 34%. A new $400/month loan would push you to 42% — risky for lenders.
A court ruling that says you legally owe a specific amount to a creditor. It gives the creditor power to garnish wages, freeze bank accounts, or place liens on your property.
Judgments are enforceable for 10-20 years (varies by state) and can be renewed. They give creditors far more collection power than a simple unpaid debt.
Example
A credit card company sues you for $8,000 and has obtained a judgment. They can now garnish 25% of your paycheck ($750/month on a $3,000 net salary) and freeze your bank account.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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