How is a Chapter 13 Plan Payment Calculated?

If your household income exceeds the median income for your household size and location, you will need to file under chapter 13 in most cases. There are some rare exceptions which I won’t discuss in this article. Your monthly chapter 13 plan payment amount is based on your disposable income as calculated using the Chapter […]

Debt Settlement vs Bankruptcy

Debt Settlement vs Bankruptcy You may have heard commercials from debt settlement companies promising to settle debts for pennies on the dollar or for low monthly payments. You should be skeptical about these claims. Many national debt settlement companies do more harm than good. In most cases, you are better off working with a local […]

How Does Bankruptcy Affect Credit?

How Does Bankruptcy Affect My Credit? Your credit rating is one of the factors lenders use to determine if you are a good risk. A good credit rating can make the difference between being approved or rejected for a home loan, auto loan, or other credit application. Filing bankruptcy will help you to obtain a […]

7 Ways to Rebuild Your Credit After Bankruptcy

Rebuilding Credit After Bankruptcy Sometimes people make mistakes when it comes to business decisions, resulting in debts that are simply impossible to repay. This forces them to make the uncomfortable decision of filing for bankruptcy. Doing so is never an easy decision, but it does offer some relief. It allows them to start from a […]

Bankruptcy Myths

Bankruptcy Myths Collection agencies and creditors will often call debtors and allege that unsecured debts that have been reduced to judgments and credit card bills are no longer dischargeable in bankruptcy. These and other similar allegations made by debt collectors simply aren’t true. If you have debts that you need to discharge in bankruptcy, you […]

What happens to mortgages in bankruptcy?

What happens to mortgages in bankruptcy? It  depends on which chapter of bankruptcy you file under and what your intentions are. Chapter 7 If you file a chapter 7 and you want to keep the home, you will continue making payments as you normally would. However, you should be certain that your equity does not […]

Common Payday Loan Mistakes

Life is unpredictable. Our circumstances can change without warning and this includes our finances. You may find yourself in a situation where necessary expenditures exceed your income. This is where payday loans seem like the only alternative: you receive money and then pay it back with interest. There are a variety of loans available out […]

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 […]

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 […]

How Much Does Bankruptcy Cost?

During these unprecedented times, you may be one of the millions of Americans facing financial difficulties. Creditors hounding you and threatening to take your property can begin to take a toll. While you are making your best effort to satisfy your obligations, you just can’t seem to get out from under your mounting debt. To […]