"Colorado Small Business Bankruptcy"
Small business status is permitted in Colorado bankruptcy cases filed under Chapter 11. By qualifying as a small
business, court appearances and approvals may be combined into concurrent hearings, and the court may reduce
statutory waiting periods required generally in Chapter 11 cases.
11 U.S.C. §101(51C): 'small business'' means a person engaged in commercial or business
activities (but does not include a person whose primary activity is the business of owning or operating real
property and activities incidental thereto) whose aggregate noncontingent liquidated secured and unsecured
debts as of the date of the petition do not exceed $2,000,000
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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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