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What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

Debt Free Colorado

Understanding what debts bankruptcy can eliminate is important. This where knowing Colorado unsecured debt examples can be helpful. Unsecured debt is a type of debt that is not backed by collateral. In this article, we will explore the types of unsecured debts that bankruptcy can erase.

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

Debt Free Colorado

Bankruptcy lawyers in Denver, CO can also help you with the process. Business bankruptcy allows businesses struggling with debt to have a renewed financial status. Chapter 7 includes many different processes, including: Asset Liquidation: The business’s non-exempt assets are sold off to pay creditors.