"Filing Bankruptcy In Colorado"

If you're considering filing for bankruptcy in Colorado, here's what you need to know. The first thing to understand is that there are two types of bankruptcy: Chapter 7 and Chapter 13. Chapter 7 bankruptcy is also known as liquidation bankruptcy. It allows you to get rid of most, if not all, of your debts. In contrast, Chapter 13 bankruptcy is known as reorganization bankruptcy. It allows you to keep your property and repay your debts over a three- to five-year period.

To qualify for Chapter 7 bankruptcy in Colorado, you must pass the "means test." This test compares your income to the median income in Colorado. If your income is below the median, you automatically qualify for Chapter 7 bankruptcy.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is it to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706