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Is my home equity protected if I file Chapter 7 or Chapter 13 Bankruptcy?
blogColorado 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 […]
Has the Median Family Income level for Filing Chapter 7 Bankruptcy and Chapter 13 Bankruptcy changed?
blogOn 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?
blogWhat 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 […]