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Filing for bankruptcy will
Submitted by elizabethcarlsen on
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Filing for bankruptcy will
Submitted by elizabethcarlsen on
Filing for bankruptcy will not generally stop a wage garnishment that exists prior to filing for bankruptcy. However, filing for bankruptcy may prevent a pending wage garnishment from going into effect. For more information about wage garnishment in Colorado, seehttp://www.courts.state.co.us/userfiles/File/Self_Help/Victim_Restitution/garnishments.pdf.There are two different forms of bankruptcy available for individuals: Chapter 7 and Chapter 13 bankruptcy. If you have filed for Chapter 7 bankruptcy in the past, you must wait eight years to file for Chapter 7 bankruptcy again. If you previously filed for Chapter 13 bankruptcy, and you would now like to file for Chapter 7 bankruptcy, you must wait six years to file. In contrast, if you previously filed for Chapter 7 bankruptcy, you must wait four years to file for Chapter 13 bankruptcy. And if you filed for Chapter 13 bankruptcy in the past and received a bankruptcy discharge, you only need to wait two years to be eligible for a subsequent Chapter 13 discharge. If you have questions regarding filing for bankruptcy, contact a Colorado bankruptcy attorney as soon as possible to discuss your situation.
Filing for bankruptcy will not generally stop a wage garnishment that exists prior to filing for bankruptcy. However, filing for bankruptcy may prevent a pending wage garnishment from going into effect. For more information about wage garnishment in Colorado, seehttp://www.courts.state.co.us/userfiles/File/Self_Help/Victim_Restitution/garnishments.pdf.There are two different forms of bankruptcy available for individuals: Chapter 7 and Chapter 13 bankruptcy. If you have filed for Chapter 7 bankruptcy in the past, you must wait eight years to file for Chapter 7 bankruptcy again. If you previously filed for Chapter 13 bankruptcy, and you would now like to file for Chapter 7 bankruptcy, you must wait six years to file. In contrast, if you previously filed for Chapter 7 bankruptcy, you must wait four years to file for Chapter 13 bankruptcy. And if you filed for Chapter 13 bankruptcy in the past and received a bankruptcy discharge, you only need to wait two years to be eligible for a subsequent Chapter 13 discharge. If you have questions regarding filing for bankruptcy, contact a Colorado bankruptcy attorney as soon as possible to discuss your situation.