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Bankruptcy is a legal proceeding in which an individual who cannot pay his or her bills can get a fresh financial start. ... (see Colorado Court Directory) Filing bankruptcy immediately stops all of your creditors from seeking to collect debts from you, at least until your debts are sorted out according to the law.

The cost for filing a Chapter 7 bankruptcy is $306. This fee may not be waived but you may be able to pay it in installments. The fee of $281 for a Chapter 13 bankruptcy cannot be waived.

Collect Your Colorado Bankruptcy Documents. Take Credit Counseling. Complete the Bankruptcy Forms. Get Your Filing Fee. Print Your Bankruptcy Forms. Go to Court to File Your Forms. Mail Documents to Your Trustee. Take Bankruptcy Course 2.

Individuals can file bankruptcy without an attorney, which is called filing pro se. However, seeking the advice of a qualified attorney is strongly recommended because bankruptcy has long-term financial and legal outcomes. ... Court employees and bankruptcy judges are prohibited by law from offering legal advice.

Colorado Medical Bankruptcy The fact is, there is no such thing. You can't file bankruptcy just to get rid of medical debt. You have to include all of your debts. Bankruptcy can still help you discharge medical expenses that have become overwhelming.

Colorado Chapter 13 Bankruptcy Information Under a chapter 13 bankruptcy, a debtor proposes a 3-5 year repayment plan to the creditors offering to pay off all or part of the debts from the debtor's future income. ... Chapter 13 bankruptcy is a reorganization whereas Chapter 7 bankruptcy is a liquidation.

In order to start your case and get the benefit of the automatic stay, you must file, at a minimum, the following documents: voluntary petition, creditor matrix with verification, and certificate of credit counseling, if applicable, and Exhibit D. You will also have to pay a filing fee of $335. Voluntary Petition.

You can take it as soon as you receive your bankruptcy case number. The certificate should be filed with the court no later than 60 days after the first 341 meeting of creditors date (more below).

You must wait at least 6 years from the date of filing your previous Chapter 13 bankruptcy, to file for Chapter 7 bankruptcy and receive a discharge (unless the exception applies).

If you file Chapter 13 within four years of filing Chapter 7, you cannot discharge your debts after you complete the three- to five-year Chapter 13 plan. You can still file the Chapter 13 to keep creditors from suing you, garnishing your paychecks or levying your bank account.

To get the one-year waiting period, you'll need to have filed for Chapter 13 bankruptcy and made all of your payments on time for at least that one year. If you filed for Chapter 7 bankruptcy, you'll need to wait at least two years before you'll become eligible for an FHA loan.

You can stop a sheriff's sale by filing bankruptcy if you file your case before the sale actually happens. ... If you cannot afford your mortgage, the bankruptcy will only stop the sale for a short while, and the mortgage company will reschedule it.

A sheriff's sale can be stopped; however, it will take some work on your part. You will need to hire an attorney and properly communicate with the right people to halt legal actions against you. A sheriff's sale can be stopped, depending on the circumstances.

The moment you file for bankruptcy relief (including an emergency petition) an automatic stay goes into effect that prohibits your lender from going forward with the foreclosure sale. This means that bankruptcy can still delay or stop the foreclosure process as long as the home has not been sold yet.

If the foreclosure sale is scheduled to occur in the next few days, you can halt the sale immediately by filing for bankruptcy. The automatic stay will stop the foreclosure in its tracks. Once you file for bankruptcy, something called an "automatic stay" immediately goes into effect.