Colorado Final Decree (Business Debtor) is a document that is issued by a court in the state of Colorado. It is a formal legal declaration that terminates the business debtor's legal responsibilities and obligations to creditors. It is the final step in the bankruptcy process and serves to protect the business's assets. The Colorado Final Decree will provide creditors with a clear indication of how much money is owed and the timeline for repayment. It also outlines the repayment plan that the business debtor must adhere to in order to repay their creditors. There are two types of Colorado Final Decree (Business Debtor): Chapter 7 and Chapter 11. A Chapter 7 Final Decree is issued when a business debtor can no longer pay their creditors and must liquidate their assets to pay them off. A Chapter 11 Final Decree is issued when a business debtor is able to reorganize their finances and pay off their creditors over a period of time.