TRANSFER OF ASSETS PRIOR TO BANKRUPTCY
Tag Archives: Chapter 7
USING THE COLORADO HOMESTEAD EXEMPTION IN BANKRUPTCY
In Colorado a homeowner is entitled to a $75,000 homestead exemption on the home he owns and occupies. If the homeowner or his or her spouse is 60 years of age or over, or disabled, the homestead exemption is $105,000.
Beware of Reaffirmation Agreements in Bankruptcy
A reaffirmation agreement is an agreement whereby the debtor agrees to remain personally liable on the debt as if the bankruptcy never occurred.