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Colorado Bankruptcy Questions & Answers
2 Answers | Asked in Bankruptcy for Colorado on
Q: Do I have to give the trustee my lawsuit money if my discharge date is 01/12/20 and I already had my meeting of Creditor

My lawsuit hasn't been settled yet.

Clark Dray
Clark Dray answered on Dec 11, 2019

If you had a claim against a third party on the day the case was filed, that is an asset which is probably property of the bankruptcy estate. This means that the lawsuit isn't yours to settle. Your attorney in the suit will need to coordinate with the trustee to settle the claim. Part of the... Read more »

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3 Answers | Asked in Bankruptcy and Child Support for Colorado on
Q: My ex filed Chapter 13 he put $50K of child support/maintenance that is in arrears. Can he discharge that debt?

He owes $50 in back child support and maintenance to me for not paying for over a year and losing/quitting jobs several times and not paying. He is currently still be garnished for child support/maintenance. Can he discharge the child support/maintenance that is in arrears? Do I need to do... Read more »

Timothy Denison
Timothy Denison answered on Oct 20, 2019

No. The 50k is non-dischargeable. You are safe.

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2 Answers | Asked in Bankruptcy for Colorado on
Q: What if my lawsuit hasn't been settled and my bankruptcy is still open?
Clark Dray
Clark Dray answered on Oct 18, 2019

I presume this is a continuation of a question about a car accident settlement. The answer is the same - you need to amend your petitions and schedules and inform the trustee about the claim. The situation is somewhat better if you haven't settled yet, because the trustee still has a chance to take... Read more »

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2 Answers | Asked in Bankruptcy for Colorado on
Q: If I was in a car accident and my case is settled and I have an open bankruptcy, should I had reported the lawsuit?

Will the bankruptcy affect my settlement?

Clark Dray
Clark Dray answered on Oct 18, 2019

If the car accident took place before the bankruptcy, your claim became part of the bankruptcy estate and it technically wasn't yours to settle. If you have a bankruptcy attorney, you should bring this up with him or her. If you don't, you should definitely get one right away because there are some... Read more »

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1 Answer | Asked in Bankruptcy for Colorado on
Q: I have a title loan on my vehicle and want to file c7, I want to continue paying on my title loan to keep the car, how?

I know I have to list it in the bk. But how does this work if I have to claim it in the c7. Do I include it and just keep paying on it?

Timothy Denison
Timothy Denison answered on Sep 30, 2019

List it. The lender will contact you to sign a reaffirmation agreement (agreement to keep paying to keep car). If you sign the reaff, you keep paying and you keep the car.

2 Answers | Asked in Bankruptcy for Colorado on
Q: Can a debtor try to collect a old bill that was discharged in 2012 to get services again?
Clark Dray
Clark Dray answered on Sep 10, 2019

Depends on what type of service. If it's a utility, like Xcel, they can require a deposit. If it's a cable provider or a gym, they don't have to let you open a new account. If I were representing the creditor, I'd probably advise against bringing up the old debt in the discussion of new service,... Read more »

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1 Answer | Asked in Arbitration / Mediation Law and Bankruptcy for Colorado on
Q: bankruptcy going on and am involved in an estate suing another estate mediation wants $300 what do i do

2 estates are suing each other and I am also going through bankrutcy

Timothy Denison
Timothy Denison answered on May 29, 2019

More facts are needed to discern what is your question.

3 Answers | Asked in Bankruptcy for Colorado on
Q: Is there a lawyer who can help me apply for c7 or c13 I don’t have that kind of money but can pay in installments.

In Colorado Aurora Arapahoe county

Stuart Nachbar
Stuart Nachbar answered on Feb 21, 2019

If you are filing for Chapter 13, then you could put Counsel fees through your Chapter 13 Plan. If you are filing for Chapter 7, fees need to be paid before filing so as to not run afoul of the automatic stay of 11 USC 362

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1 Answer | Asked in Bankruptcy for Colorado on
Q: In a bankruptcy, do I have to sell my house?
Timothy Denison
Timothy Denison answered on Nov 30, 2018

Not necessarily, depends on many factors such as equity, value, income, Chapter and the like.

1 Answer | Asked in Bankruptcy for Colorado on
Q: Can I still buy things even with my credit card though I’m thinking of filling for chapter 7 bankruptcy?
Timothy Denison
Timothy Denison answered on Nov 10, 2018

No. Otherwise, you will have to repay them.

2 Answers | Asked in Bankruptcy for Colorado on
Q: How long to we have to amend a list of assets?
Timothy Canty
Timothy Canty answered on Nov 9, 2018

You can amend the schedules at any time during (and even after) the case. It's better to do it before someone else discovers the oversight so you can't be accused of being dishonest.

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1 Answer | Asked in Bankruptcy for Colorado on
Q: We had a reaffirmation for our car loan that our attorney failed to file with the courts. Can it be re opened and signed

Attorney said not possible to reopen bankruptcy and due to the balance of loan it’s not in our best interest. We are only a year into this 5 year loan and plan to pay it off. I have been told by the lender we can file motion with courts to re open and set aside the release so a reaffirmation can... Read more »

Timothy Denison
Timothy Denison answered on Oct 19, 2018

Yes. It can be reopened and filed. Whether it is in your best interests is another issue. You will probably have to pay the reopening fee to get it filed. I doubt the attorney will pay it although you can always ask.

2 Answers | Asked in Bankruptcy for Colorado on
Q: Can I transfer assets out of my name into someone else’s before filing bankruptcy?
Timothy Canty
Timothy Canty answered on Oct 18, 2018

Yes you can. However, you must disclose all such transfers. If you did not get equivalent value in return, the bankruptcy trustee can sue the person you transferred the property to and make them give/pay it back. If you don't disclose all such transfers, you will have committed a federal felony.

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2 Answers | Asked in Bankruptcy, Foreclosure and Real Estate Law for Colorado on
Q: Filed for bankruptcy in 2011. Abandoned and discharged my house. HOA had dues added to house after it was discharged.

According to U.S.S.C. 523 (a) (16) I did not have the intention to keep the house. The bank foreclosed on the house in 2012 and removed the foreclosure 2 months later. They later foreclosed again in 2015 and sold the house. The HOA is using a debt collector to attempt to take $3800 that was... Read more »

Timothy Denison
Timothy Denison answered on Sep 29, 2018

The debt is discharged and you do not owe it.

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2 Answers | Asked in Bankruptcy for Colorado on
Q: I'm sliding further into debt and want to know when is the most strategic time to file for bankruptcy, if necessary.
Jon Dowat
Jon Dowat answered on Sep 25, 2018

The ideal time to file bankruptcy is when your personal or business debt is so overwhelming that would not be a able to pay it off, also when you desire a fresh financial start.

By your hesitancy to file bankruptcy, is like a lot of people, you think that bankruptcy is somehow a negative...
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1 Answer | Asked in Bankruptcy for Colorado on
Q: What are the repercussions on my spouse if I file for bankruptcy without her knowledge?
Timothy Denison
Timothy Denison answered on Sep 16, 2018

She will be called upon to pay any and all joint debts. You probably should consult a competent bankruptcy attorney before you do anything else. You may want to consider advising your spouse as well.

1 Answer | Asked in Bankruptcy for Colorado on
Q: When does a writ of garnishment against personal property (not earnings) of the debtor expire?
Timothy Denison
Timothy Denison answered on Aug 29, 2018

Once it is served and executed.

1 Answer | Asked in Bankruptcy for Colorado on
Q: Can I be penalized if my spouse's bankruptcy filing was fraudulent?
Timothy Denison
Timothy Denison answered on Aug 24, 2018

If you participated in the fraud, yes. If not, then no.

2 Answers | Asked in Bankruptcy for Colorado on
Q: If I file for bankruptcy, do I choose which chapter to file myself?
Timothy Denison
Timothy Denison answered on Aug 8, 2018

You should determine which chapter, 7 it 13, after consultation with your bankruptcy lawyer on which your situation requires.

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3 Answers | Asked in Bankruptcy for Colorado on
Q: I owned a consignment store. Do I have to file bankruptcy on each consigner I owe money to? I am in the process.

So, the consigners aren't covered under the LLC?

Timothy Canty
Timothy Canty answered on Aug 6, 2018

Any bankruptcy filing must include all your assets and all your creditors. There is no such thing as a selective bankruptcy.

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