Resource Library

Free Online Legal Resources

Can I Keep My Home If I File Bankruptcy in Colorado?

Colorado homeowners are entitled to one of two homestead exemptions. If a homeowner, or a member of the homeowner’s family, occupies the home as a primary residence then the homeowner is entitled to a $60,000 exemption in bankruptcy. If however, an elderly or disabled homeowner lives in the home or the homeowner allows an elderly or disabled spouse or dependent to live in the home than the amount of the exemption goes up to $90,000.
Homeowners who continue to make monthly mortgage payments in full and on time are usually allowed to keep their home in a bankruptcy proceeding if they do not have much more equity in the property than that which is allowed by the Colorado homestead exemption.

Speak to an Experienced Foreclosure and Alternatives Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.

Additional Foreclosure and Alternatives Articles

Search LawInfo's Foreclosure and Alternatives Resources

Find an Attorney in Your Area

Related Foreclosure and Alternatives Issues