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Planning and Filing Colorado Bankruptcy Cases
The best-planned bankruptcy cases go unnoticed. A few debtors glide through the system without attracting attention and receive full discharges in record time. Luck is not involved, but rather each successful debtor begins planning strategically a few weeks or months in advance. These debtors know something that you don’t.
Free - 2010 Bankruptcy Strategies Explained
Ask a Bankruptcy Lawyer for Help – Expand Your Options Quickly
If you are thinking about filing Chapter 7 or Chapter 13 bankruptcy, you are not alone. Complete the form below to contact a sponsoring bankruptcy lawyer. Ask all questions you deem important without cost or obligation of any kind. Free help is only a few minutes away.
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Colorado Bankruptcy Lawyers - "Can a bankruptcy discharge be revoked?"
Any discharge can be revoked within one year of final court approval. The basis for revocation is limited to
specific reasons provided within the code. Revocation requires a hearing and all parties interest and their
bankruptcy lawyers must receive advance notice.
Colorado Bankruptcy Lawyers - In Practice
A trustee, creditor, or the US trustee may request revocation in a Chapter 7 case if the debtor or their
bankruptcy lawyer obtained the discharge fraudulently; or the debtor failed to disclose property acquisitions that
would have become property of the bankruptcy estate; or the debtor acted willfully, intentionally, or maliciously
deceiving a party in interest. To revoke a bankruptcy discharge, an interested party may file a motion requesting
the court reopen the case. Based upon notice and a hearing, the court reviews the basis of the request and must
deny reopening unless the objecting party carries the burden of proof. Admissible proof, according to the Federal
Rules of Evidence is required, and the objecting party must prove, more likely than not, that discharge was improper.
The most common reason for revocation is a fraudulent misrepresentation of material facts.
For maximum benefit, most debtors interview several bankruptcy lawyers before committing to any course of
action. Interviewing bankruptcy lawyers requires a degree of expertise. Federal laws, state laws, and
local rules combine to form the practice standard used by Colorado bankruptcy lawyers and courts. These laws evolve
continually
with new statutory amendments and case decisions. The most successful debtors compare the opinions of several
bankruptcy lawyers, and with targeted questions, discover the most beneficial path to pursue.
Back to Colorado Bankruptcy Lawyers FAQ questions and bankruptcy lawyer information.
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