"Colorado New Bankruptcy Laws"
The Abuse Prevention Act is now pending before the U.S. Congress. This proposed act will affect all Colorado
bankruptcy cases. in particular, restrictions on who may file Chapter 7, increased Chapter 13 payments,
restrictions on judicial authority to accommodate debtors, and new mandatory fines and penalties against debtors
are expected.
| Encouraged by the passage of the Bankruptcy Reform Act of 1994 (Pub. L. No. 103-394, 108
Stat. 4106), commercial creditors increased lobbying efforts for broad-sweeping bankruptcy reform. H.R. 975
- Abuse Prevention and Consumer Protection Act of 2003 passed the House, was placed on the Senate
legislative calendar 3-21-03 for future consideration (Senate Calendar No. 50). Vote blocked by committee in
2003. Re-docketed for 2004. |
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).
Back to Colorado Bankruptcy Court definitions content page.
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