Which Debts are Discharged in a Colorado Bankruptcy?

Learn which debts are discharged in a Colorado bankruptcy.

One of the most common questions we hear is: “Which debts are discharged in bankruptcy?” The answer to this question is complex. There are many intricacies to the bankruptcy code in Aurora, Centennial, and Littleton. If you are struggling financially and are considering bankruptcy as an option, it is best to consult with an experienced bankruptcy attorney. Because of the complexities of the bankruptcy code and bankruptcy exemptions, many people end up saving money by working with a lawyer who has a thorough knowledge of the bankruptcy code.

Which Type of Bankruptcy Can You File?

If you exceed a certain level of income, you will not qualify to file for Chapter 7 bankruptcy. Instead, you will qualify for Chapter 13 bankruptcy. Each of these options handles the discharge of debt differently. Let’s take a look at each option:

 – Chapter 13 Bankruptcy

Chapter 13 bankruptcy is a “reorganization” form of bankruptcy. Put simply, when you file for Chapter 13 in Glenwood Village, Highlands Ranch, or Englewood, you and your bankruptcy lawyer create a plan to repay a portion of your debt. You make payments over a period of time. Most of your debts will be discharged after you complete your Chapter 13 bankruptcy. Debts such as child support, alimony, back taxes, and others will not be discharged. But, Chapter 13 allows you to discharge more debt than you would in a Chapter 7. If you are considering filing for Chapter 13 bankruptcy, please consult with a lawyer to determine if this option is the best for your situation and finances.

– Chapter 7 Bankruptcy

Chapter 7 bankruptcy is called “liquidation bankruptcy.” This is because most of your debt will be discharged. The debts which will be discharged are “unsecured debt,” such as: Credit card debt, medical bills, back rent, and other “non-consumer” debt. Click here for more complete information on which debts are discharged in Chapter 7 bankruptcy.

To Get the Best Fresh Start Possible, Work with an Attorney


If you are considering bankruptcy as an option for gaining control of your finances, the best thing you can do is to contact an experienced bankruptcy lawyer. The bankruptcy code is complex; the United States Bankruptcy Court advises people against filing for bankruptcy on their own and strongly suggests that people work with an attorney. This ensures your filing has no errors, so you can get the best fresh start possible.

If you are struggling to make ends meet in Lone Tree, Parker, or Castle Rock, don’t hesitate: Call now to request your free initial consultation meeting with Barry Arrington, a trustworthy and understanding bankruptcy attorney at 303-205-7870 or submit the “Get Help Now” form to begin your journey toward financial freedom.

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