Colorado has a Homestead Law that protects a portion of equity in your home from the Bankruptcy Trustee and creditors. New legislation passed in March of 2022, will significantly increase the protection of the equity in your home. The Governor of Colorado still needs to sign the legislation into law. The Homestead Exemption has been […]
On April 1, 2022 the median income changed for each state. In Colorado the median income increased to $72,952 for a household of 1 person. It increased to $92,321 for a household of 2 people, $100,744 for a household of 3 people and $120,898 for a household of four people. For each person over 4 […]
What are some of the documents needed for filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy? You will need a current Driver’s License or other current government issued picture ID. You will need a signed Social Security Card so the Bankruptcy Trustee can verify the Social Security Number on the Bankruptcy Petition is correct. Your […]
You will need a current Driver’s License or other current government issued picture ID. You will need a signed Social Security Card so the Bankruptcy Trustee can verify the Social Security Number on the Bankruptcy Petition is correct. Your Most recently filed Federal Tax Return and State Tax Return. If you are employed, you will […]
You will need a current Driver’s License or other current government issued picture ID. You will need a signed Social Security Card so the Bankruptcy Trustee can verify the Social Security Number on the Bankruptcy Petition is correct. Your Most recently filed Federal Tax Return and State Tax Return. If you are employed, you will […]
You will need a current Driver’s License or other current government issued picture ID. You will need a signed Social Security Card so the Bankruptcy Trustee can verify the Social Security Number on the Bankruptcy Petition is correct. Your Most recently filed Federal Tax Return and State Tax Return. If you are employed, you will […]
You will need a current Driver’s License or other current government issued picture ID so the Bankruptcy Trustee can verify who you are. You will need a signed Social Security Card the Bankruptcy Trustee can verify that the Social Security Number on the Bankruptcy Petition is correct. Your Most recently filed Federal and State Tax […]
In Colorado, if you file Chapter 7 Bankruptcy and you are owed a tax refund, the Bankruptcy Trustee can take all or a portion of the refund attributable to over withholding of taxes and various tax credits. The Trustee cannot take the “Additional Child Tax Credit” or the “Earned Income Credit” Because they are protected […]
If you considering filing Chapter 7 Bankruptcy and you are unemployed, you should consider filing before you become reemployed. One of the qualifications to file Chapter7 Bankruptcy as an individual is that your income will generally need to be below the median income for your household size. This calculation is based on the 6 months […]
I understand that deciding whether to file bankruptcy is a difficult decision. I have been helping people make that decision for over 25 years. I offer a free consultation to help you with your decision.
