Colorado Bankruptcy Attorneys | Greenwood Village
Overwhelmed by debt? Colorado bankruptcy law offers a legal path to financial freedom. Our experienced bankruptcy attorneys help individuals and families eliminate crushing debt and get a genuine fresh start.
We guide you through Chapter 7 or Chapter 13 bankruptcy, protecting your home, vehicle, and retirement accounts while discharging eligible debts.
Chapter 7 vs. Chapter 13 Bankruptcy
Understanding which bankruptcy chapter is right for your situation is the first step toward financial recovery
Chapter 7 Bankruptcy
Liquidation Bankruptcy
Chapter 7 eliminates most unsecured debts—credit cards, medical bills, and personal loans—within 3-4 months. In Colorado, generous exemptions protect your home (up to $250,000 equity), vehicles (up to $15,000 combined for up to two), and personal property. Most Chapter 7 filers keep all their assets while eliminating overwhelming debt.
- Eliminates credit card debt completely
- Stops wage garnishments immediately
- Discharges medical bills and personal loans
- Completed in approximately 3-4 months
- Automatic stay halts all collection actions
- Colorado homestead exemption protects up to $250,000
Chapter 13 Bankruptcy
Reorganization Bankruptcy
Chapter 13 creates a structured 3-5 year repayment plan that allows you to keep all your assets, catch up on mortgage or car payments, and pay back a portion of unsecured debts based on your disposable income. This option is ideal for Colorado residents who have regular income but need breathing room from creditors.
- Keep all your assets including home and vehicles
- Stop foreclosure and catch up on mortgage arrears
- Restructure secured debt with lower payments
- Protect co-signers from creditor collection
- Consolidate debts into one manageable payment
- Strip second mortgages on underwater properties
Colorado Means Test Income Limits
To qualify for Chapter 7 in Colorado, your household income must be below the state median
1 Person
$87,940
2 People
$109,497
3 People
$130,850
4 People
$153,501
*Income limits based on Colorado median income data. Even if your income exceeds these limits, you may still qualify after deducting allowable expenses.
The Colorado Bankruptcy Process
Free Consultation
We review your financial situation, debts, assets, and income to determine the best bankruptcy option for you.
Means Test & Filing
We complete the Colorado means test, prepare all required documents, and file your bankruptcy petition with the court.
Automatic Stay
Once filed, the automatic stay immediately stops all collection calls, lawsuits, garnishments, and foreclosure proceedings.
Debt Discharge
After completing the process, qualifying debts are permanently discharged and you begin your financial fresh start.
Colorado Bankruptcy FAQs
Common questions about filing bankruptcy in Colorado
Start Your Financial Fresh Start Today
You deserve a second chance. Our compassionate Colorado bankruptcy attorneys will guide you through every step of the process.
Free consultation • Flexible payment plans • Compassionate representation