Tag Archives: Bankruptcy in Colorado

There are several types of exemptions that allow you to keep particular assets even if you are filing for bankruptcy. When you file for Chapter 7 in the state, you may be required to give up part or all of the money you get from any lawsuits. Your lawsuit proceeds may be exempted, meaning that you can keep them safe from bankruptcy creditors. However, Colorado has limited safety net. Through Chapter 7, you can discharge the majority of your debts. In exchange for this wiping out your debts, however, the bankruptcy trustee may mandate that you turn over some of... Read More