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Tag Archives: Denver

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 […]

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 […]

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. […]

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 […]

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 […]

Debt Settlement

There are many commercials from debt settlement companies that promise to settle debts for pennies on the dollar or for low monthly payments. You should be skeptical about these claims. These ads and the national debt settlement companies are harmful to consumers. In some cases, it makes sense to settle your debt and Consumer Law […]

Should You Sign A Reaffirmation Agreement?

A reaffirmation agreement removes a secured loan from your bankruptcy discharge. You will remain personally liable for the loan after your discharge is ordered if you sign such an agreement. You have the right to rescind a reaffirmation agreement at anytime before your case is closed. Advantages of signing a reaffirmation agreement. Unless you sign […]

The Importance Of Choosing a Bankruptcy Attorney With a Good Reputation

When you are choosing a bankruptcy attorney, you should ensure that you are working with a reputed law firm or with a reputed bankruptcy lawyer. One of the reasons why people hire a Denver bankruptcy lawyer or a Colorado bankruptcy lawyer is to get professional assistance in ensuring the best possible outcome. It is therefore […]

Complaints Against Discharge

Complaints against discharge filed by creditors. There is no set dollar limit that will trigger a complaint against discharge, however, the potential for a complaint increases for those individuals with significant unsecured credit card debt. In the two cases in which complaints were filed against our clients (out of hundreds of clients) , the clients […]

Is it better to do a Loan Modification Before or After Filing Bankruptcy?

When a bankruptcy is filed, the mortgage servicer will transfer the file from the department it is in to the bankruptcy department. The bankruptcy department NEVER picks up where the other department left off. Therefore, if the modification is not final, then the debtors will need to start over from scratch. In the meantime, if […]

Tips for Selecting a Bankruptcy Lawyer

When you decide to hire a bankruptcy lawyer you should take caution in choosing an attorney based on experience level rather than basing your decision on price alone. When you have reached the point of filing bankruptcy, you cannot afford to hire the wrong attorney. You need reliable legal assistance by your side. So here […]

Marital Debt to Third Party Excepted From Discharge

Wodark, Glennette L; In re (Wodark v. Wodark) 20 CBN 648 (Bankr: 10th Cir: 2010). This case comes from the 10th circuit, in which Colorado is a member. A husband and wife obtained a divorce and listed a debt in their divorce papers the wife was to be solely responsible for. The wife filed a […]

May remove 2nd mortgage in Ch. 13 but not Ch. 7

Grano, Jospeh S. and Ann; In Re (Grano v. Wells Fargo Bank) 20 CBN 438 (Bankr. W.D.N.Y. 2010) The holding of Dewsnup v. Timm, 502 U.S. (1992) continues to bind chapter 7 debtors. The Chapter 7 debtors filed an adversary proceeding against Wells Fargo Bank N.A. The debtors alleged that their home was worth $445,000 […]

Foreclosure sale validated after bankruptcy

Stay annulled to validate post-petition foreclosure sale In this case the debtor was ineligible to be a debt under section 109(h)(1) of the bankruptcy code. This did not render her bankruptcy a nullity, however, her failure to act in good faith warranted the annulment of the automatic stat and the validation of the post petition […]

Consumer Bankruptcy Filings on the Rise

Consumer bankruptcy filings approached pre-BAPCPA levels in 2009. According to the Administrative Office of the U.S. Courts, there were 1,412,838 consumer bankruptcy petitions filed last year. That figure marked a 31.5 per cent increase from 2008 when 1,074,108 consumer bankruptcy petitions were filed, and it was the most consumer bankruptcy cases filed during a calendar […]

Strip-off Your Second Mortgage

Falling Home Prices and resulting increase in Chapter 13 Lien Stripping U.S. homes values have continued to decline in the last two years. As a result, the equity in homes throughout the U.S. (especially Colorado and surrounding states) has continued to decline. Many experts estimate that by 2011 nearly 50% of all homes will be […]

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