A Sedalia CO Bankruptcy Attorney Can Explain The Specifics Of State Exemption Laws

A bankruptcy petitioner will be able to keep any property described under state law as an exemption. Particular bankruptcy laws vary by state, but some federal exemptions are also allowed. Some value limits may be set, as far as equity is concerned. If you still owe money on a property, the exemption value will be adjusted.

There are some debts that are deemed to be “non-dischargeable.” In Colorado, they include family support accountability, and fines connected to any criminal activity. Your Sedalia CO bankruptcy attorney can advise you.

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