Asset liquidation Credit Card Debt Personal loans 
Debt Free Colorado
DECEMBER 23, 2024
Chapter 13 creates a 3-5 year payment plan that lets you keep assets, but you need steady income and must owe less than $465,275 in unsecured debt. Credit cards, medical bills, and personal loans make up most unsecured debt that bankruptcy can eliminate. This means you no longer owe the money.
Sawin & Shea
SEPTEMBER 27, 2023
The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged. The goal is to not leave you completely destitute after filing for bankruptcy. These exemptions help ensure you have someplace to live, transportation to get to and from work, and other essentials.
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