CO Bankruptcy Exemptions

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The Supreme Court Updates Bankruptcy Rules


Last year, the Supreme Court approved several changes to bankruptcy results surrounding the administration of consumer bankruptcy cases as well as Chapter 13 cases. It took Congress’s rules committee several years to draft and debate the rule amendments, which took effect Dec. 1, 2017. Let’s take a look at each change. New Bankruptcy Rules The Supreme Court Updates Bankruptcy Rules The following rule amendments help explain why they are important to financial institutes:1 Model Chapter 13 Plan – this new plan allows the person to opt-out in order to perform a local bankruptcy instead. Under the new plan, an [...]

The Supreme Court Updates Bankruptcy Rules2020-02-13T19:39:12+00:00

Will I Lose My Home If I File for Bankruptcy?


Not necessarily, as whether or not you can retain your home through a Colorado bankruptcy case will depend on a number of factors. Some of these include: Whether you take advantage of the Colorado homestead exemption The value of your home/property. Clarifying this answer a bit more, the following presents some of the most important facts to know about the Colorado homestead exemption for Chapter 7 bankruptcy cases. Although the information below is helpful, please feel free to contact an experienced Denver bankruptcy attorney at Garcia & Gonzales, P.C. when you need more specific information and insight regarding your debt [...]

Will I Lose My Home If I File for Bankruptcy?2018-02-15T17:04:50+00:00

Colorado Homestead Exemption in Bankruptcy: FAQs


Colorado bankruptcy exemptions allow the people who are pursuing bankruptcy to retain some of their assets through the process. While these bankruptcy exemptions can apply to various types of assets – including cash, personal property and even insurance policies, they can also protect people’s homes in some cases. To shed some light on the details of this exemption, below, we have answered some common questions about the homestead exemption in Colorado bankruptcy. Q – How much is the Colorado homestead exemption? A – A homeowner filing for bankruptcy in Colorado can exempt as much as $60,000 of his home (or [...]

Colorado Homestead Exemption in Bankruptcy: FAQs2018-02-15T18:22:37+00:00