The ability to keep your car or truck in bankruptcy is often a major consideration when filing a Chapter 7 or Chapter 13 bankruptcy. A dependable vehicle is often essential to keeping a job or getting the kids to school.
CHAPTER 12 BANKRUPTCY FOR FAMILY FARMERS- PART II Farmers may have an alternative to a Chapter 7 bankruptcy liquidation, Chapter 13 adjustment of debts, or a Chapter 11 reorganization of debts. The alternative is Chapter 12, an adjustment of debt for a family farmer. QUALIFICATIONS OF A CHAPTER 12 FAMILY FARMER (NON-INDIVIDUAL) Chapter 12 of […]
Is the pandemic of coronavirus (COVID-19) and filing bankruptcy mutually exclusive? The answer is no. The United States Bankruptcy Court for the District of Colorado is fully open for business. Significant developments are discussed below.
Reopening a Closed Bankruptcy Case to Amend Schedules This blog discusses a debtor who wishes to reopen a closed bankruptcy case in order to amend schedules. Reopening Bankruptcy Cases to Claim Personal Injury Exemptions The 10th Circuit Bankruptcy Appellate Panel recently considered when debtors could reopen closed cases in order to amend their schedules. See […]
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.