What Debt Collectors Can And Can’t Do
The repeated phone calls and letters from debt collectors can be enough to drive you up a wall. Just because you owe a creditor money does not give them the right to do whatever they want. The law recognizes this and places certain limits on what debt collectors can do when trying to get in […]
Navigating Bankruptcy: Smart Approaches To Managing Loans And Debts
Consumer debt is at an all-time high. According to Experian, U.S. consumer debt grew by 6%, from $13.6 trillion in 2019 to $18.9 trillion in 2025, an increase of $4.6 trillion in 6 years. Being in debt is nothing to be ashamed of and has happened to many of us one way or the other. […]
Bankruptcy and Credit Card Debt
Credit card debt that you are unable to pay can have a devastating impact on your financial health. High interest rates and fees can turn a meager balance into a massive debt. If you cannot pay this balance, then you may face legal action and a garnishment of your wages. Chapter 7 Bankruptcy will discharge […]
Protecting Assets with Surveillance During Bankruptcy Proceedings
Summary Bankruptcy proceedings place assets in a vulnerable position due to increased oversight, shared access, and administrative transitions. During this phase, inventory, equipment, and restricted areas face higher exposure to loss or misuse, making asset protection a critical concern. Surveillance provides a practical way to maintain visibility without disrupting legal or financial processes. When used […]
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 […]
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 […]
Preparing for bankruptcy. Required Documents
Sources of income: You must document all sources of your income for the seven calendar months prior to the month the bankruptcy case is filed. If you file in July, you will need all your paystubs from January 1st through June 30th as well as any paystubs you may have received in July. For example, […]
Should I file chapter 13 bankruptcy if I have equity in my home?
If the equity in your home exceeds the exemption limit in Colorado, you may be at risk of losing your home by filing a chapter 7 (liquidation). In such cases, I recommend filing a chapter 13 (reorganization/non-liquidation). In most cases, the equity in a home is not sufficient to impact your monthly chapter 13 plan […]
Tax Refunds and Bankruptcy
Tax Refunds and Bankruptcy Will You Lose Your Tax Refund if You File Bankruptcy? Whether the bankruptcy trustee can take a portion of your tax refund depends on several factors. If you have already spent your refund, the trustee cannot force you to reimburse the bankruptcy estate for the amount of the refund. However, if […]