Colossians 2:6-15 - "As you have received {Him}, so walk in Him"

As you are studying this passage look for answers to the following questions:

1)  What does it mean to "have received" Christ?

2)  How do we "walk in Him?"

3)  What does the passage indicate "in Him" includes? (e.g. "buried with Him in baptism...")

4)  What happened to the legal consequences (demands) of our sin?

After answering the above questions, take a few moments to write a paraphrase of this passage (and please share it with us!).  How does this passage apply personally to you?  What does it mean for your life?  (Include this in the paraphrase, if appropriate.)