(888) 676-7128

Need Affordable Bankruptcy Lawyer in Colorado

Colorado Bankruptcy Laws

HomeBankruptcy ColoradoColorado Bankruptcy Laws

The two main ways to file your individual bankruptcy under the Colorado bankruptcy laws code are chapter 7 and 13 bankruptcy.

Situations under which the chapters are issued

  • Chapter 7 is filled when an individual has very little property
  • If you have no extra money left after the expenses each month then you can file Chapter 7
  • Chapter 13 is filed when you have important equity and property at home
  • You have standard income and are not willing to keep up the payments listed on your overdue amount

Individuals who qualify the means test and completed a necessary profiling session can file under chapter 7.

A debtor whose insecure sums is less than $360,475 can choose to file under chapter 13.

Important: The articles available on uslawyer.us are neither legal advice, nor a replacement for an attorney. The articles are general information and guidance concerning different legal issues. We make sure that these articles prove helpful to you but we do not promise or guarantee that they are suitable to your condition. We also do not take responsibility for any loss that might cause to you using these articles. Hence, it is strictly suggested to not to rely on the information provided in these articles completely without getting expert legal advice. It is also suggested to consult or hire an attorney in case of any doubt.