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...
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...
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...
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,...
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...
Keep Credit Card After Chapter 7
Keep Credit Card After Chapter 7 If you have a balance on a credit card at the time you file, you must list that debt on your petition. The bankruptcy laws require that you list all your debts even the...
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...
Mistakes to Avoid Prior to Filing
Pre-Bankruptcy Planning If you are struggling to maintain your debt obligations, you should speak to an attorney. An ethical attorney will not push you to file bankruptcy but will provide you the advice you need to make your own informed...
Seek Legal Counsel Right Away
Seek Legal Counsel Right Away A common mistake many people make when it comes to filing bankruptcy is to wait too long to schedule a consultation. Most attorneys offer a free initial consultation. At the conclusion of the consultation, the...