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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
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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 Laws - Pensions
Colorado Revised Statutes provide for the following pension rights to be retained when filing under the Code,
if earned in a qualified profession:
- ERISA-qualified benefits, including IRAs - 13-54-102(1)(s)
- Firefighters - 31-10-412, 31-30-518
- Police officers - 31-30-313, 31-31-616
- Public Employees - 24-51-212
- Teachers - 22-64-120
- Veterans
Operation of Laws
According to 11 U.S.C. 522(l) "The debtor shall file a list of property that the debtor claims as exempt
under subsection (b) of this section. If the debtor does not file such a list, a dependent of the debtor may
file such a list, or may claim property as exempt from property of the estate on behalf of the debtor. Unless a
party in interest objects, the property claimed as exempt on such list is exempt." The trustee, creditors, an
interested party, or the court upon it's own motion, may file an objection to exemptions designated within a
debtor's schedule. Denial requires notice to debtors and hearing.
Back to Colorado Bankruptcy Laws contents page.
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