Colorado Bankruptcy Exemptions Allow You To Keep Your Property
Absolutely! This is just one of the many “urban legends” that surround bankruptcy. Many people believe they cannot own anything for a period of time after filing for bankruptcy. You can keep your exempt property and anything you obtain after the bankruptcy is filed. However, if you receive an inheritance, a property settlement, or life insurance within 180 days after filing bankruptcy, that money or property may have to be given to your creditors if the property or money is not exempt (protected).
To learn more about whether or not Chapter 7 bankruptcy or Chapter 13 bankruptcy is your best option, schedule your free, confidential bankruptcy consultation with a Colorado bankruptcy attorney today. Our online scheduling system allows you to schedule bankruptcy consultation at a time that is convenient for you.