How much does it cost to file bankruptcy in Colorado Springs?

How much does it cost to file bankruptcy in Colorado Springs?

The filing fee for Chapter 7 bankruptcy in Colorado is $299.00; the filing fee for Chapter 13 bankruptcy is $274.00. Filing fees in a Chapter 7 case may be paid in installments, and it is possible to have the filing fee waived if your family’s income falls below certain levels specified by the federal government.

Can you apply for bankruptcy free?

The federal court charges a filing fee of $338 for a Chapter 7 bankruptcy. This amount is typically due when the bankruptcy petition is filed with the court. If you don’t have the funds to pay the filing fee now, you apply to pay your fee in installments, after your case has been filed.

What is exempt from bankruptcy in Colorado?

Colorado Bankruptcy Exemptions

Type of exemption Colorado law
Vehicle $7,500 aggregate value, up to two motor vehicles or bicycles; increases to $12,500 if debtor, spouse, or dependent is age 60+ or disabled
Wages At least 75% of weekly disposable earnings
Pension/retirement Exempt

How much does it cost to file Chapter 13 in Colorado?

The cost to file bankruptcy in Colorado is $338 for a Chapter 7 bankruptcy and $313 for a Chapter 13 bankruptcy, but the answer becomes more nuanced if you decide to file with a bankruptcy attorney and if you are trying to get the filing fees waived.

Is your home protected from creditors in Colorado?

Equity is the difference between what you owe on your mortgage and what your home is worth. For example, if your home is worth $150,000 and you owe $125,000 (on all mortgages), you have $25,000 in equity. Under the Colorado homestead exemption, the entire $25,000 is protected.

Does Colorado have a homestead act?

General Information. Great News! The Colorado General Assembly has reinstated funding for the Senior Property Tax Exemption (a/k/a Senior Homestead Exemption) for tax year 2021, payable in 2022. The Deadline to apply for tax year 2022 payable in 2023 is July 15th!

How much equity can I have in my home and still file Chapter 7 Colorado?

And, of course, there is one that helps you protect equity you have in your home. The Colorado homestead exemption allows homeowners who file bankruptcy to protect $75,000 of equity in their home ($105,000 if they are 60 or older).