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EXEMPTION INCREASES FOR COLORADO BANKRUPTCY

JEWELRY AND WATCHES The Colorado Bankruptcy exemption for jewelry which includes articles of adornment and watches increased from $2,000 per debtor to $2,500 per debtor. This includes jewelry that you purchased or inherited. If you own the jewelry you... (more...)

COLORADO ASSET PROTECTION CHANGES PART TWO

In my previous blog post I described the changes to the Colorado Exemption Law effective July 1, 2015 and how it will affect the Homestead Exemption and Motor Vehicle Exemption. Some of the other exemptions that will be affected and how they affect your... (more...)

Colorado Bankruptcy Asset Protection Laws Change On July 1, 2015

On July 1, 2015 the Colorado asset protection statute will change thanks to the hard work of several of my fellow Colorado Bankruptcy Attorneys. This law will affect every Bankruptcy filed in Colorado on or after July 1, 2015. This is part 1 of a series... (more...)

5 Reasons Medical Bills Lead to Bankruptcy in Denver, CO

You have plenty to worry about when someone in your family is diagnosed with a serious medical condition. You don’t need to worry about treatment costs too. Unfortunately, medical debt becomes a contributing factor to bankruptcies for millions of... (more...)

Personal Income Tax and Bankruptcy in Denver, CO

Many people who file chapter 7 or chapter 13 bankruptcy and owe income taxes for prior years believe that the income tax obligations will not be eliminated or discharged. However, Bankruptcy Law provides that income taxes can be discharged in certain... (more...)

Is Bankruptcy the Right Option for Your Finances?

When you’ve reached your financial limit and don’t know how you can possibly pay all your debts, bankruptcy may well be your best option. Bankruptcy can provide a fresh start and big weight off your shoulders. Take a look at some of the advantages... (more...)

The Differences Between Chapter 7 and Chapter 11 Bankruptcy in Colorado

When a business or an individual faces overwhelming debt, it can seem like there is no way out. For those who find themselves in this position, they can file bankruptcy and get a “fresh start.” Within the Federal Bankruptcy Code, there are several... (more...)

4 Steps to Rebuilding Your Credit

It’s true bankruptcy offers reprieve from financial burden. But the hit your credit score takes following Chapter 7 or Chapter 13 can be just as stressful. Do not despair; you can repair your damaged credit. We’ve aimed the following steps at... (more...)