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Author Archives: Team Fusion

Should I File Chapter 7 or 13 Bankruptcy

In most cases, it makes sense to file under chapter 7. This is the quickest and most cost-effective way to obtain debt relief. It does not involve a repayment plan and most people who file under chapter 7 lose very few if any assets. I have seen cases where a person filed under chapter 13 […]

Filing Bankruptcy can be a Straightforward Process

There is a lot of misinformation on the internet that makes filing for bankruptcy sound more stressful than it really is. If you are thinking about filing for personal bankruptcy, please call my office to schedule a no-hassle free consultation. I will advise you on the both the draw-backs and benefits of filing bankruptcy without pushing you […]

Top 5 Credit Score Myths

1. Paying Bills on Time Will Improve My Score That’s definitely a good start, but it’s not the only factor. Only 35% of the points on your score are directly tied to whether you’re making your payments on time. That leaves 65% of your score that has nothing to do with missed payments. 2. Carrying […]

Paying back friends or family before filing bankruptcy

If there is a chance you may need to file for bankruptcy under chapter 7 or 13, you should not pay back loans you borrowed from your family or friends or other associates (insiders) as it could have unintended consequences after you file bankruptcy. Paying back insiders is considered preferential treatment if the loans were […]

Chapter 13 Bankruptcy – How do Creditors get Paid?

Consumer Law Pro 2851 S Parker Rd, Ste 1158 Aurora Co 80014 Phone: 303-297-7729 Consumer Law Pro is designated as a Federal Debt Relief Agency by an Act of Congress and the President of the United States. We proudly assist consumers seeking relief under the U.S. Bankruptcy Code. A Member of the National Association of Consumer […]

US Senators introduce bill to help rebuild credit after bankruptcy

Several US Senators introduced a bill that will require creditors to update consumer credit reports after a bankruptcy filing. In many cases, creditors fail to update an individual’s credit report after the bankruptcy discharge. All debts which have been discharged in bankruptcy should show a $0.00 balance which overtime will help the consumer to rebuild […]

Don’t Wait For The Eleventh Hour To Hire Your Bankruptcy Lawyer

One of the common mistakes that many people make when it comes to hiring a bankruptcy lawyer is to wait until the last moment to retain professional help. The law does not demand that you hire a Colorado bankruptcy lawyer or a Denver bankruptcy attorney. You can file bankruptcy on your own without an attorney. […]

Rebuild Credit During Chapter 13 Bankruptcy

Rebuilding credit takes time, but it won’t take as long most creditors would have you believe. It is also possible to rebuild your credit while in a chapter 13 bankruptcy. Before you can start rebuilding credit, your chapter 13 plan must be confirmed by the bankruptcy court and you must obtain permission from the chapter […]

HOA Fees and Bankruptcy

A bankruptcy will eliminate the personal obligation to pay the HOA for those assessments which came due PRIOR to the Bankruptcy being filed. The lien for the pre-petition dues remains a valid security interest in the property, despite the filing of the bankruptcy. After the filing date, the debtor will be personally liable for any […]

Dangers of using Petition Preparer to file your Bankruptcy

Dangers of using Petition Preparer (non-attorney) to file your Bankruptcy The United States Trustee recently filed a complaint against a non-attorney petition preparer for the negiligent handling of a client’s case. The trustee cited the recent increase in pro se filings that have resulted from individuals using a petition preparer to file their case. In […]

Why your mortgage servicer will not approve your loan modification request

In the past, a traditional mortgage lender would decide whether to foreclose or restructure a defaulted loan based on a cost-benefit analysis of available options. If the lender stands to make more money by modifying a loan than the lender would make on the home through a foreclosure sale, the lender would generally choose to […]

Importance of hiring a law firm for debt settlement

Why choose a Law firm vs. a debt settlement company? We have all seen the late night commercials or radio adds promising to cut debt by 75%. These companies and their sales representatives have only one thing in mind and that is to earn a commission. Not necessarily having your best interest in mind they […]

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