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Posts filed under: Chapter 7 Bankruptcy

Should I File Bankruptcy

Should I File Bankruptcy? If you are asking yourself this question, you are not alone. The path to debt relief is not as long or as lonely as you might think. Every year thousands of people across the State file bankruptcy....

Bankruptcy and Divorce

Bankruptcy and Divorce Filing divorce can have a significant impact on the spouses’ finances especially for dual income households. Many spouses incur substantial legal fees during the divorce process as well. One of the spouses may be required to pay...

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy in Colorado Chapter 7 Bankruptcy law is covered under Title 11 of the US Code. There are two chapters consumer debtors routinely file under: Chapter 7 and Chapter 13. In some rare cases, a high net worth...

Objection to Discharge

Creditors Objection to Discharge Creditors may file an objection to discharge of a particular debt based on fraud/false pretenses. The complaint must be filed within 60 days after the consumer bankruptcy case is filed. The filing of a complaint results...

Top Five Reasons People File Bankruptcy

The Top 5 Reasons To File Bankruptcy   1. Stop a Wage Garnishment. Wage garnishment hinders the person’s ability to pay their regular monthly bills, such as rent and car payments. 2. Get a Fresh Start. The person may begin...

Chapter 7 Bankruptcy for High Income Earners

Chapter 7 Bankruptcy for High Income Earners Filing bankruptcy for above median income debtors (high earners) is challenging which is why you need a skilled attorney who specializes in bankruptcy. High income earners are often told they do not qualify...

Bankruptcy and Statute of Limitations

Bankruptcy and Statute of Limitations In Colorado, creditors are generally prohibited from obtaining a judgment on a debt six years after the last date of account activity. This could be the last date you made a purchase or made a...

Am I eligible for chapter 7 bankruptcy?

Am I eligible for chapter 7 bankruptcy? You can file chapter 7 bankruptcy only once every eight years. If you filed a chapter 13 in the past and want to file a chapter 7, the rules are a little more...

Debts not discharged in chapter 7 bankruptcy.

The vast majority of your debts can  be discharged (dismissed) in a chapter 7 bankruptcy including credit cards (with some limited exceptions), medical debts, personal loans including pay day loans, rental related debts, utility bills, tuition and fees, and many...

Chapter 13 vs 7

Chapter 13 vs Chapter 7 Bankruptcy One of the first questions people ask when contemplating bankruptcy is which chapter they qualify under. For consumer debtors (non-business-related debts), it is a matter of comparing the benefits of chapter 13 and 7...
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