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...
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...
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...
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...
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...
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...
What does the bankruptcy trustee do with funds in an asset case?
Some cases result in the surrender or liquidation of non-exempt assets. There are known as asset cases. In an asset case, the trustee sends notice to creditors advising them that they must file a claim by a certain deadline. In...
Chapter 13 Confirmation Hearing
After a debtor files for chapter 13 bankruptcy, the court schedules a confirmation hearing. If there are no objections to the debtor’s proposed chapter 13 repayment plan, the court will vacate the hearing and confirm the chapter 13 plan without...
Will I lose my home if I file bankruptcy?
What happens to your home when you file bankruptcy depends on how much equity you have in the home and which chapter of bankruptcy you file. In a chapter 7 bankruptcy, your home is at risk of being liquidated if...
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,...