Fraser, CO Bankruptcy Law Firms & Lawyers

You are asking attorneys if there is a cheap way to file bankruptcy. There is, you can try to do it yourself, or you can hire a petition preparer to prepare all of the documents for you, but it is best to actually hire an attorney. Bankruptcy is a complex matter which requires a professional and the advice that only a professional can render.

Judgment proof just means that even if a creditor gets a judgment, there is nothing to collect against. I suppose there may be some disagreement as to whether she is really judgment proof. I don't think someone who owns real property is really judgment proof because to me judgment proof means there is nothing that the creditor can attach or take. Understand that judgment proof doesn't mean the creditor can't or won't sue, it just means that even if/when they do, there is nothing to go after. Social security is exempt so that is safe. If however she has some other earnings, wins lottery, etc such can be attached. Since a creditor can also put a lien against real property I don't consider your mother to be judgment proof. I'd want to know what her plans are with regard to the house. There is a generous homestead exemption outside of bankruptcy. But what about filing bankruptcy now when she can use 703 exemptions with much more generous exemptions in different categories assuming of course she has no equity in the property. Who owns the car? How is it titled? Are the income taxes dischargeable? If not now, then when would the past due income taxes be dischargeable? Would make sense to wait maybe until they are. Need more facts to figure this out. Am I rambling? What you really want is to sit down with a local bankruptcy attorney to talk about what's what, see if bankruptcy makes sense, sometimes it's not just a matter of filing but when is best to file. Most bankruptcy attorneys offer a free consult and no online question and answer session can replace the value of an interactive discussion. I can't say if the car will be taken without knowing if she is on title, how much the vehicle is worth, market value of the home minus loans, and value of other property. There is yet still another possibility that even if it is titled, since you made all the payments and paid all the maintenance you could claim it doesn't really belong to her, but don't know if that's even an issue.

Yes they can freeze your account after they get a judgement against you. And yes, filing bankruptcy will stop them from suing you, freezing your accounts or garnishing you.