Bankruptcy Exemptions

Bankruptcy FAQs: Answers about Colorado Bankruptcy Exemptions

October 10, 2015

When filing for bankruptcy, petitioners may be able to take advantage of Colorado bankruptcy exemptions in order to retain certain property through the proceedings. These exemptions effectively prevent certain property from becoming part of the bankruptcy estate. They can apply to various types of property, including real estate, motor vehicles and personal property. To clarify…
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5 Facts to Know about Colorado Bankruptcy Exemptions (Pt. 2)

June 4, 2014

Continuing from 5 Facts to Know about Colorado Bankruptcy Exemptions (Pt. 1), here are some more crucial things that people should know when it comes to taking advantage of bankruptcy exemptions in order to protect as much of their assets as possible. Fact 3: Jointly filing for bankruptcy can double some Colorado bankruptcy exemptions. Jointly…
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5 Facts to Know about Colorado Bankruptcy Exemptions (Pt. 1)

May 30, 2014

When filing for Chapter 7 bankruptcy, people can protect some of their assets from being liquidated to repay their creditors by taking advantage of Colorado bankruptcy exemptions. These exemptions can apply to various types of assets, with the specific value of the asset determining whether that property qualifies for exemption. Here and in a second…
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Bankruptcy Exemptions in Colorado (Part 2)

August 3, 2013

Continuing from Bankruptcy Exemptions in Colorado (Part 1), the following are some additional bankruptcy exemptions that debtors can claim, according to Colorado law, when they are filing for Chapter 7 bankruptcy. These bankruptcy exemptions represent property and assets that debtors will be allowed to keep because they will not have to include them in the…
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Bankruptcy Exemptions in Colorado (Part 1)

July 29, 2013

Those who file for bankruptcy in Colorado are required, per Colorado laws, to use state laws (rather than federal bankruptcy statutes) when claiming property and asset exemptions. These bankruptcy exemptions refer to assets and property that will not be liquidated as part of a Chapter 7 bankruptcy proceeding in order to pay off creditors (i.e.,…
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