Best Bankruptcy Lawyers Loveland, CO

Loveland, CO Bankruptcy FAQs

• Where do I file for bankruptcy in Loveland, Colorado?

  You may file for bankruptcy in the United States Bankruptcy Court for the District of Colorado, located at 721 19th St., Denver, CO 80202.

• Where can I get bankruptcy forms in Loveland, Colorado?

  You may get your bankruptcy forms at the official website of the United States Bankruptcy Court for the District of Colorado, which can be accessed below: https://www.cob.uscourts.gov/forms

• How much of a Loveland employee’s wages can be garnished?

  Under Colorado law, employees in Loveland cannot be subject to wage garnishment of more than 20% of their disposable earnings for a week or any portion of their disposable earnings that is above 40 times the state or federal minimum wage, whichever is lesser. In addition, creditors of consumer debts may only garnish wages after filing a motion with the court and successfully obtaining a wage garnishment order.

• Can Loveland debtors file for bankruptcy by themselves?

  Although debtors in Loveland may file for bankruptcy by themselves, the U.S. Bankruptcy Court for the District of Colorado strongly recommends that they enlist the services of an attorney in order to properly navigate the complex bankruptcy process. Out of the state’s 1,841 bankruptcy filings in 2023 so far, only 11.24% were pro se cases, meaning that they were filed without legal assistance.

• Can filing for bankruptcy stop a Loveland car repossession?

  Filing for bankruptcy in Lovelace grants debtors an “automatic stay,” which temporarily stops all collection efforts against them, including the repossession of a vehicle. Colorado law dictates that debtors are allotted 20 days upon receipt of a repossession notice to cure the default on their loan. If they are unable to catch up on payments or renegotiate terms with their lender within this time period, it may be prudent to file for bankruptcy instead.

• What debts are not eliminated in a Loveland bankruptcy filing?

  Although filing for bankruptcy will eliminate most of a Loveland petitioner’s debts, debts that are not subject to discharge include recent taxes, student loans, alimony and child support, restitution or fines, and debts obtained through fraud. Certain cash advances that were taken within 90 days prior to filing for bankruptcy are also non-dischargeable.

• Will Loveland homeowners lose their property after filing for bankruptcy?

  As per Colorado’s bankruptcy exemptions, those in Loveland who have filed for bankruptcy and meet the state’s residency requirements are allowed to protect up to $250,000 of their home’s equity. This amount is increased to $350,000 in cases where one of the home’s occupants (including the petitioner, their spouse, or one of their dependents) is disabled or elderly.