Did You Know...?
The following well-known Americans filed for bankruptcy: P.T. Barnum, Mark Twain, Mickey Rooney, Burt Reynolds, Walt Disney, Larry King, Johnny Unitas, Donald Trump, Willie Nelson, Latoya Jackson, Francis Ford Coppola, and George McGovern.
The following well-known Americans filed for bankruptcy: P.T. Barnum, Mark Twain, Mickey Rooney, Burt Reynolds, Walt Disney, Larry King, Johnny Unitas, Donald Trump, Willie Nelson, Latoya Jackson, Francis Ford Coppola, and George McGovern.
Frequently Asked Questions
What is the distinction between Chapter 7 and Chapter 13 bankruptcies?
Chapter 7 bankruptcy will eliminate all of your debts except student loans, child support and alimony, and some taxes. It is intended for those with limited assets and income.
Chapter 13 bankruptcy is a repayment plan whereby you repay all or a portion of your debts (usually a small portion) over a period of 3–5 years. It is intended for those with larger assets and above-median income.
Can I eliminate credit card debt in bankruptcy?
Yes. All credit card debt can be eliminated in bankruptcy. You may have heard that credit card debt can't be eliminated. This is a myth perpetrated by the credit card and banking industry. All credit card debt can be eliminated in bankruptcy.
What is the distinction between Chapter 7 and Chapter 13 bankruptcies?
Chapter 7 bankruptcy will eliminate all of your debts except student loans, child support and alimony, and some taxes. It is intended for those with limited assets and income.
Chapter 13 bankruptcy is a repayment plan whereby you repay all or a portion of your debts (usually a small portion) over a period of 3–5 years. It is intended for those with larger assets and above-median income.
Can I eliminate credit card debt in bankruptcy?
Yes. All credit card debt can be eliminated in bankruptcy. You may have heard that credit card debt can't be eliminated. This is a myth perpetrated by the credit card and banking industry. All credit card debt can be eliminated in bankruptcy.
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Will notice of my bankruptcy be published in the newspaper?
No. Bankuptcy notices are not published in the newspaper.
What resources are available to help me learn about bankruptcy?
Visit the United States Bankruptcy Court, District of Colorado website to find more information about bankruptcy: www.cob.uscourts.gov/debtorinfo.asp