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Can I protect my business equipment if I file Chapter 7 or Chapter 13 Bankruptcy in Colorado?
blogYes. Within Limits. To protect your business equipment, you must own it personally. The equipment cannot be owned by your LLC or Corporation. An LLC and a Corporation are separate legal entities. What they own is not the same as what you own. For example, to protect a vehicle used in a business, it must […]
Can I protect the equity in my Tiny Home if I file Chapter 7 or Chapter 13 Bankruptcy in Colorado?
blogYes! On March 7, 2022 a new Colorado law expanded the definition of dwelling to include tiny homes, railway cars, shipping or cargo containers or sheds and even yurts. Dwellings qualify for the Colorado Homestead Exemption. The amount of the Homestead Exemption was also increased in the same legislation. The Homestead Exemption has been increased […]
Can I protect money in my bank account if I file Bankruptcy Chapter 7 or Chapter 13 Bankruptcy?
blogRecent Colorado Law changes now allows you to protect up too $2,500 total in your bank account or accounts regardless of the source of the funds when you file a Chapter 7 or Chapter 13 Bankruptcy. This is a huge change in the law. Previously, money needed to be from certain sources such as, wages, […]