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If a person does not have income from sources that can be garnished or attached and does not have assets to protect, like a house with equity, bankruptcy might not be the right option because [...]

A Chapter 13 repayment plan can be modified on the basis of hardship. Any remaining unsecured debt will be eliminated after the payment plan is completed as long as you have completed payments [...]

Debt may need to be repaid depending on the type of bankruptcy a person qualifies for. In a Chapter 7 bankruptcy, a person may no longer owe certain types of debt owed to creditors or their debt [...]

The Chapter 7 filing process takes about four to six months. The Chapter 13 bankruptcy process can take 3 to 5 years depending on whether the debtor is above or below the state median income.

Yes – as part of the filing process, two credit counseling classes are required, one prior to filing and one after filing.

In most cases, a debtor whose income is above the state median income needs to file a Chapter 13 Bankruptcy in Colorado and does not have the option of filing for Chapter 7.

When filing for Chapter 7 bankruptcy, you can keep any property that falls within an exemption. While most property falls within an exemption, if your property does not, then a Trustee may sell [...]

When filing for Chapter 7 bankruptcy, you can eliminate most, if not all, of your unsecured debt.

Yes, the bankruptcy process can halt the foreclosure process, as it supersedes state foreclosure laws.

Chapter 13 bankruptcy may be ideal for homeowners as it can help to protect property that would have otherwise been lost in a Chapter 7 bankruptcy. It may also be optimal for a debtor who needs [...]