Thornton Personal Bankruptcy Lawyer
If you are considering bankruptcy as a way to eliminate debt and get your finances under control, you may be worried about losing your cherished assets as part of the bargain. You don't have to worry. In most cases you will be able to keep assets such as your home and your car. An experienced Broomfield bankruptcy exemptions attorney can help you make sense of your options.
At The Nunemaker Law Firm, LLC, consumer bankruptcy attorney Eric Nunemaker has more than 10 years of experience helping good people in bad situations. He is dedicated to the well-being of his clients and will do everything in his power to help you protect your assets while getting the fresh start you need.
To learn more about what you can keep during bankruptcy, please call 303-586-2973 or toll free 888-416-5212 or contact the firm online for a free initial consultation.
What Assets Can You Keep?
Colorado has generous exemptions in their bankruptcy laws that allow individuals to keep most of their property.
- If you have less than $60,000 of equity in your home, you can keep your home
- You are entitled to one vehicle exemption of $5,000 or less
- There is a $1,500 exemption for clothing and a $2,000 exemption for jewelry
- There is a $20,000 exemption for tools you use to make a living
- Personal injury proceeds are exempt
- Tax refunds from the earned income tax credit and child tax credit are exempt
- Security deposits are exempt
- Pensions, retirement plans and deferred compensation plans are exempt
Speak to an Attorney Today
It is important to speak with a bankruptcy attorney to take advantage of all possible exemptions that are available to you. Contact the Nunemaker Law Firm online or call 303-586-2973 or toll free 888-416-5212 today for a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
