Chapter 7 of the Colorado Bankruptcy Code is the most common bankruptcy and is known as a "liquidation" bankruptcy.
The IRS is part of Bankruptcy as they are subject to the Bankruptcy Code. All collection by the IRS stops.
The filing of a bankruptcy is a personal decision. Everyone experiences problems as we go through life. When a creditor or a collection agency threatens or institutes a lawsuit the decision is taken from you. A creditor will garnish your wages or attach the balances in bank accounts when they take a judgment. That affects your ability to pay your necessary expenses and to live.The Law Offices of Andy Cameron specialize in Colorado consumer bankruptcy protection for individuals and small businesses. Colorado Bankruptcy Attorney, Andy Cameron, has been practicing bankruptcy law for over 39 years.
Get familiar with the different options with foreclosures and bankruptcy.
Chapter 13 of the Colorado bankruptcy code is a reorganization bankruptcy that requires a payment plan.
Copyright The Law Office of Andy Cameron. All rights reserved.