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Managing Bankruptcy and Medical Debt Relief in Broomfield, CO

Debt Free Colorado

Quick Summary: Healthcare-related debts such as medical bills become dischargeable through bankruptcy (Chapter 7 and 13). But it can involve asset liquidation, and the discharge is independent of such sales. Chapter 13 entails a three to five-year repayment plan for gradual medical debt payment.

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Colorado Business Bankruptcy: Get Help Now – Avoid Closure & Find Solutions

Debt Free Colorado

Chapter 7 includes many different processes, including: Asset Liquidation: The business’s non-exempt assets are sold off to pay creditors. Discharge of Debts: After liquidation, any remaining unsecured debts are discharged. This includes inventory, equipment, and real estate.