Denver, CO asked in Bankruptcy for Colorado

Q: if my parents move from NY to Colorado and need to file bankruptcy should they do it before or after the move?

They will rent an apartment before they file but will that get them evicted

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1 Lawyer Answer

A: Bankruptcy is federal law, so moving will not significantly impact the normal bankruptcy rules. Each state has specific rules related to property that will not be counted in bankruptcy. Note, there are rules in place to prevent a person from moving to another state because the state has more favorable exclusions. Contact a bankruptcy attorney for guidance. Filing for bankruptcy should not result in an eviction (all states allow protection for a domicile).

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