Colorado Bankruptcy Definitions & Tips:

A few of the more common words and phrases used by the Colorado bankruptcy courts are included in following list. Be aware of variations between common usage, as compared to legal definitions derived from statutes, case interpretations, and local customs.

Federal reform bills proliferated in Washington since the early 90's. Through various names and formats, these proposed new laws are generally referred to as "Abuse Prevention Acts." The proposals are designed specifically to limit individual access to chapter 7 if earning above statewide median income, increase chapter 13 payments, limit living allowances, and create new fines and penalties against debtors.

NOTE: Spanish language forms and information may be obtained from a various websites, including the United State Department of Justice, Administrative Office of the U.S. Courts, and other US Court sites. Regarding these forms, the Colorado Bankruptcy Court advises "While we have no reason to believe that these Spanish language forms or information have been translated inaccurately, only the English language forms are officially prescribed by the Judicial Conference of the United States Courts. Accordingly, the Court for the District of Colorado can not guarantee the accuracy or sufficiency of information contained in Spanish language forms or informational documents." The Colorado Bankruptcy Court also maintains a pro bono program to assist qualified debtors with adversary proceedings (not available to file petitions to initiate Ch. 7 or 13 cases).

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