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...
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...
Chapter 13 Bankruptcy Creditors
Chapter 13 Bankruptcy – How do Creditors get Paid? Secured Debts In most cases, you will make payments to secured creditors (e.g. mortgage, auto loan) outside of the bankruptcy just as you normally would. If you qualify, you may seek...
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...
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....
How Often Can I File Bankruptcy?
Repeat Bankruptcy Filings: How Often Can you file? An attorney will look-up your previous bankruptcy filing to verify the date. The timelines start with the date of filing not the date of discharge. Waiting Periods Apply to Discharge First, some...
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...
Discharge Tax Debts in Bankruptcy
Discharge Tax Debts in Bankruptcy Many clients are dealing with significant tax debts. Filing bankruptcy may help resolve these debts. Chapter 7 and Tax Debts Certain tax debts may be discharged in a chapter 7. At a minimum, the applicable...
What if my spouse doesn’t file bankruptcy with me?
What if my spouse doesn’t file bankruptcy with me? It is common for married individuals to file bankruptcy without including their spouse in the petition. An individual bankruptcy will not affect your spouse’s credit. Your credit profile is attached to...
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...