One day, I’ll have to do a Top 10 list of questions that my clients ask me.  But somewhere in there is, “How long will it take before my bankruptcy case is done.” Of course, I can’t give an answer that applies to everyone, but in our office, these are the steps we take to…Read more

Under Colorado law, people who file bankruptcy are allowed to keep certain property.  This property is “exempt” from being used by the trustee to pay the person’s debts. Colorado Revised Statute 13-54-102(1)(i) exempts “stock in trade, supplies, fixtures, maps, machines, tools, electronics, equipment, books, and business materials of any debtor used and kept for the…Read more

Under Colorado law, people who file bankruptcy are allowed to keep certain property.  This property is “exempt” from being used by the trustee to pay the person’s debts. Colorado Revised Statute 13-54-102(1)(e) allows debtors to exempt household goods to the extent of $3,000.00. Typically, this value is based on the price you would get for…Read more

Under Colorado law, people who file bankruptcy are allowed to keep certain property.  This property is “exempt” from being used by the trustee to pay the person’s debts. Colorado Revised Statute 13-54-102(1)(b) exempts “watches, jewelry, and articles of adornment of the debtor and each dependent to the extent of $2,000.00 in value.”

Under Colorado law, people who file bankruptcy are allowed to keep certain property.  This property is “exempt” from being used by the trustee to pay the person’s debts. Colorado Revised Statute 13-54-102(j) allows debtors to exempt $5,000.00 in value or equity in a vehicle.  An elderly or disabled person can exempt up to $10,000.00.

When I meet my clients for the first time, one of the things they talk about is how embarrassed they are about having to file bankruptcy.  They feel like failures.  This is easy to understand.  If you are like my clients, you were taught to be responsible and honor your debts.  That is what my…Read more

Under Colorado Revised Statute §8-80-103, unemployment benefits are “exempt from levy, execution, attachment, or any other remedy provided for the collection of debt.” That means that the bankruptcy trustee will not be able to take any benefits that you may have earned before you filed your bankruptcy. However, those funds may not be protected if…Read more

I write this blog as a way for people to learn about the bankruptcy process and consider it a service that I can provide to people who aren’t my clients.  If a comment from a client yesterday is any indication, it’s doing its job.  She told me she hired me because of all the clear…Read more