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What happens if I transfer my interest in my house or other property without receiving fair market value within one year before I file Bankruptcy?
blogWhat happens if I transfer my interest in my house or other property without receiving fair market value within one year before I file Bankruptcy? You will likely cause yourself a lot of problems. One problem is that the Trustee or a creditor may file an action against you in the Bankruptcy Court to prevent […]
Is the child support that I receive protected if I file Chapter 7 or Chapter 13 Bankruptcy in Colorado?
blogYes. The updated Colorado Law provides: “Any past or present child support obligation owed by a parent or child support payment made by a parent that is required by a support order is exempt from levy under writ of attachment or writ of execution for any debt owed by either parent.” It needs to be […]
If I file Chapter 7 or Chapter 13 Bankruptcy, can I protect my mobile or manufactured home and lot or lots that it sits on?
blogThe new Colorado Exemption law protects a mobile home, manufactured home, trailer and trailer coach that you live in on one or more lots that you own as a homestead. Your home and your lot or lots are protected in same amounts as a site-built house on one or more lots. The law specifically refers […]