Best Bankruptcy Lawyers Fort Collins, CO

Fort Collins, CO Bankruptcy FAQs

• Where do I file for bankruptcy in Fort Collins, Colorado?

  To file for bankruptcy in Fort Collins, you would need to contact the United States Bankruptcy Court for the District of Colorado. The court's address is 721 19th St., Denver, CO 80202. You can reach them at 720-904-7300. The court's intake and records department is open Monday to Friday from 8:00 AM to 4:30 PM.

• Where can I get bankruptcy forms in Fort Collins, Colorado?

  To obtain bankruptcy forms in Fort Collins, you can visit the website of the United States Bankruptcy Court for the District of Colorado at https://www.cob.uscourts.gov/forms.

• How long does bankruptcy stay on your credit record in Fort Collins?

  Bankruptcy generally remains on your credit record for seven years. Throughout this period, it can have adverse effects on your creditworthiness, making it difficult to secure new credit or loans. It is important to rebuild your credit and demonstrate responsible financial behavior during this time to improve your future credit prospects in Fort Collins.

• What are the costs associated with filing for bankruptcy in Fort Collins?

  The filing fee for Chapter 7 bankruptcy in Fort Collins is $299.00 as of this writing, while the filing fee for Chapter 13 bankruptcy is $274.00. If you are filing for Chapter 7 bankruptcy and facing financial constraints, it may be possible to pay the filing fee in installments. Additionally, there is a provision for having the filing fee waived if your family's income falls below certain levels determined by the federal government.

• How do you qualify for Chapter 7 bankruptcy in Fort Collins?

  To qualify for Chapter 7 bankruptcy in Fort Collins, you need to meet certain criteria, including passing the means test. The means test evaluates your disposable income by comparing it to the state median income and your allowable expenses. If your disposable income falls below a certain threshold, you may be eligible for Chapter 7. However, if your income exceeds the threshold, you may need to explore other bankruptcy options or consider Chapter 13 bankruptcy, which involves a repayment plan.

• Which debts can be discharged in bankruptcy in Fort Collins?

  In the context of bankruptcy, not all debts are eligible for discharge in Fort Collins. Debts such as back taxes, student loans, child support or alimony, criminal fines or restitution, and judgments related to driving under the influence are generally not dischargeable. However, it's essential to seek guidance from a bankruptcy attorney to determine which debts can be discharged based on your individual circumstances.

• Is it possible to buy a house in Fort Collins after filing for bankruptcy?

  Yes, it is possible to purchase a house in Fort Collins after filing for bankruptcy, but it requires careful consideration and preparation. It is generally recommended to wait for a minimum of two years after the bankruptcy discharge before applying for a home loan. This waiting period allows you to rebuild your creditworthiness, which can improve your chances of obtaining favorable loan terms and interest rates.