Can I Defend Against an Auto Loan Deficiency Balance?
Can I defend against a deficiency balance on an auto loan? Did the creditor provide you the required notices as provided by Article 9., C.R.S. § 4-9-611-616.? An attorney can assist in determine whether the notices complied with the law. The lender must provide you the date, time, and location of the sale. You are […]
The Truth About Debt Relief Services
Over the last few years, debt relief services have promoted themselves as a lifeline to those experiencing financial hardships. These companies use a variety of methods to negotiate, settle, and in some instances, eliminate debt. But most debt relief companies are designed to make a profit for themselves while your credit is destroyed. You may […]
Discharge Tax Debts in Bankruptcy
Discharge Tax Debts in Bankruptcy If you are dealing with significant tax debt, you may be able to discharge those debts in bankruptcy. Chapter 7 and Tax Debts Certain tax debts may be discharged in a chapter 7. At a minimum, the applicable tax return must have been due at least three years before the […]
Debt Consolidation Versus Bankruptcy
If you are like the millions of Americans struggling with debt, it is important that you know that there are options. While bankruptcy may be one of those options, it may not be the best fit for your specific financial situation. In fact, there are several alternatives to bankruptcy that may allow you to eliminate […]
33 Things Not to Do When Filing for Bankruptcy
Don’t leave out Bank, Checking, Savings, Brokerage, Credit Union accounts from your list of accounts. Don’t file if your income is greater than your expenses. Don’t use your credit cards within the 3 months of filing. Don’t take Credit Card Cash Advances. Don’t use convenience checks. Don’t do balance transfers. Don’t pay money to Family. […]
Bankruptcy and Student Loans
There are many advantages of pursuing a college degree. The job opportunities a college education can provide are limitless. Still, with the cost of attending college continually on the rise, you may be forced to take out large loans in order to pay the tuition. What you may not know is that these loans carry […]
What Does Filing For Bankruptcy Mean?
If you are like the millions of Americans who are stuck in a seemingly never-ending cycle of debt, you are probably searching for a way out. You’ve done your best to meet your obligations, but you still may not be making any progress. Fortunately, there is hope. Bankruptcy can provide you with immediate relief from […]
Discharge student loans outside of Bankruptcy
There are many Student loan workout programs to choose from. For disabled student loan borrowers, there is a program that can discharge their student loans entirely known as the Total and Permanent Disability Program (TPD). See www.disabilitydischarge.com. There are a few ways to receive a discharge under the TPD program which is run by Nelnet […]
Top Three Reasons People File Bankruptcy
To Stop Creditor Harassment and Garnishments By law, the creditors must stop calling you once you have retained bankruptcy counsel or have filed bankruptcy. By hiring an experienced attorney you can transfer those unwelcome calls to the attorney’s office. Once you file bankruptcy, your attorney will take steps to prevent any further garnishments against wages […]
What is Bankruptcy?
What is Bankruptcy? Bankruptcy is a form of debt relief provided under title 11 of the U.S. Code. There are two forms of consumer bankruptcy including chapter 7 and chapter 13. Chapter 7 is a liquidation bankruptcy. There is no payment plan. Chapter 13 reorganization is a three to five year full or partial repayment […]