Colorado bankruptcy law education and training will teach you how to resolve your clients’ debts by dividing their assets among their creditors. This allows each creditor to achieve some measure of equality under the law. A filing under Chapter 7 is called liquidation and involves the sale of the debtor's non-exempt property. A bankruptcy proceeding under Chapters 11, 12 or 13 allows the debtor to use future earnings to pay off creditors.
The qualifications needed to provide assistance in filing for bankruptcy in Colorado are determined at the state level and also will be affected by the specific type of bankruptcy that the client requires. There are three general phases in obtaining an education in bankruptcy law:
- Formal education. An attorney who provides Colorado bankruptcy advice will need at least a Juris Doctor (J.D.) degree from an accredited law school in Colorado. An advanced degree such as a Masters of Law (L.L.M) will further distinguish you from your colleagues.
- Membership in professional organizations. Practicing attorneys will want a membership in one of the associations dedicated to bankruptcy law in Colorado.
- Legal specialization. Bankruptcy attorneys in Colorado can become designated specialists in bankruptcy law by meeting the state's specific requirements.
Attend a law school that specializes in educating Colorado bankruptcy attorneysThere are a variety of universities in Colorado that provide a concentration in bankruptcy law. These schools are equipped to offer a solid education on the current bankruptcy laws in Colorado.
University of Colorado Law School offers a course in bankruptcy law that covers chapters 7, 11 and 13 of the Bankruptcy Code. In addition to offering bankruptcy coursework, University of Denver Sturm College of Law provides an extensive list of resources for students studying bankruptcy law in Colorado.
Find professional forums for Colorado bankruptcy lawyersProfessional online forums can provide a daily educational opportunity for bankruptcy attorneys in Colorado. These include information on recent changes in bankruptcy law and advice on building a practice.
Obtain Continuing Legal Education (CLE) in Colorado business bankruptcy lawsColorado requires attorneys to stay current on changes in the law. There are a variety of programs in Colorado that provide CLE credit in bankruptcy law.
Chapter 13 Trustee for Colorado provides helpful information for attorneys seeking continuing education credits in Colorado for bankruptcy courses. The Colorado Bar Association provides free programs in bankruptcy law that count towards the CLE requirements in Colorado.
- Attorneys also will want to join professional organizations that are dedicated to the practice of Colorado bankruptcy laws. These associations provide a number of resources essential for the practicing bankruptcy attorney, including contact information for important courts, assistance with Continuing Legal Education (CLE) requirements and links to bankruptcy laws.