Bankruptcy

STEP 1 - Decide if bankruptcy is the best debt relief option.

Debt relief is the process of reorganizing your debts to make repayment more streamlined, simple, or affordable. You can take different approaches depending on your level of debt and goals. Credit counseling can help you decide what approach fits best. For example, debt management helps you approach existing debts more strategically. Consolidation doesn’t eliminate debt but may lower your monthly payment. Debt settlement and bankruptcy may eliminate or reduce your debts but will also damage your credit score.

National Foundation for Credit Counseling (NFCC) is a nonprofit organization that provides financial counseling and education to help people improve their financial well-being.
Money Management International (MMI) is a nonprofit organization that helps people manage their finances and improve their credit.
Debt Management Information from the Colorado Attorney General's Office

STEP 2 - Decide whether it is best to file under Chapter 7 or Chapter 13

STEP 3 - Decide whether to file with or without an attorney.

Colorado Find A Lawyer
National Association of Consumer Bankruptcy Attorneys
Colorado Legal Services
Free Bankruptcy Clinic - Call 720-633-8866 or complete an intake

STEP 4 - Gather the important documents and complete an Approved Debt Counseling Training

IMPORTANT DOCUMENTS - Accuracy is key: Be thorough and accurate when listing all your assets and debts. Gather recent documents: Provide the most recent versions of all documents, including bank statements and pay stubs.