"Colorado Chapter 13"
Restructure of debts according to 11 U.S.C. 1301, et seq., through the federal court system. All Colorado
Chapter
13 cases must be filed in federal court. Additionally, debtors must maintain a regular income and be capable of
making monthly payments. Colorado bankruptcy plans require turn-over of all disposable income.
| 11 U.S.C. §109(e) "Only an individual with regular income that owes, on the date of the
filing of the petition, noncontingent, liquidated, unsecured debts of less than $250,000 and noncontingent, liquidated,
secured debts of less than $750,000, or an individual with regular income and such individual's spouse,
except a stockbroker or a commodity broker, that owe, on the date of the filing of the petition,
noncontingent, liquidated, unsecured debts that aggregate less than $250,000 and noncontingent,
liquidated, secured debts of less than $750,000 may be a debtor under chapter13 of this title." (ed -
Limits are now higher). |
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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