So sorry to hear of this dilemma. If my answer is not clear to you, please ask me for clarification by using the reply button.
You may want to consider a chapter 13 bankruptcy. I will explain.
As an individual, there are two types of bankruptcy available. A Chapter 7
and a Chapter 13. There are distinct differences in between a Chapter 7 and a Chapter 13 bankruptcy.
A Chapter 7 bankruptcy could discharge (erase) all of your unsecured debt such as credit cards, judgments and personal loans. It would be an opportunity for a fresh financial start. However, you may have to surrender assets, if any, that exceed your exemption. You may be over exemption on your home
A Chapter 13 bankruptcy is a repayment plan
for an individual. It may require that you repay some of your unsecured credit card debt
over a 3 -5 year period. However, you may retain assets that exceed your exemption.
Here are the exemptions for Colorado:
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