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No.  This is a common misconception that may people have when considering filing Chapter 7 or Chapter 13 bankruptcy. It may even complicate your case.  If you pay an unsecured creditor such a credit card company more than $600 in total within the 90 days before you file bankruptcy, the payment is considered a preferential […]

Yes. The Statement of Financial Affairs portion of the Bankruptcy Petition specifically asks in question 9 if you have been involved in a lawsuit, court action or administrative proceeding in the last year. This includes personal injury lawsuits as well as all other types of legal actions. Paragraph 33 of Section A/B  (asset section) of […]

The short answer is no. The new Colorado exemptions only apply to cases filed  after April 7, 2022.  If it makes sense to dismiss your Chapter 13 Bankruptcy and you currently qualify to file a Chapter 7 bankruptcy then it may be an option. However, you must qualify to file a Chapter 7 Bankruptcy. If […]