US Bankruptcy History The United States laws of bankruptcy history can be traced back to the 18th century. The first bankruptcy law, known as the Bankruptcy Act of 1800, was passed by Congress in 1800 and remained in effect until 1803. Bankruptcy history and this law was intended to provide a way for individuals and …
Student Loans, Is Bankruptcy An Option? Student loans are generally not dischargeable in bankruptcy, which means that individuals are still responsible for paying them even after filing. However, there are some exceptions in which loans can be discharged. In order to have these loans discharged, the individual must show that repayment of the loan would …
Bankruptcy student loans can they be discharged? Read More »
Whether or not you lose your assets when you file for bankruptcy depends on the type of bankruptcy you file and the laws of your state. If you file for Chapter 7 bankruptcy, you may be required to liquidate some of your assets in order to pay your creditors. However, most states have exemptions that …
Loss of assets in bankruptcy, do I lose everything? Read More »
The length of time it takes to repair a credit score after filing for bankruptcy can vary depending on several factors, including the type of bankruptcy filed and the individual’s credit history prior to filing. However, it typically takes a significant amount of time and effort to repair credit after bankruptcy. A Chapter 7 bankruptcy …
Repairing your credit score, how long does it take after filing for bankruptcy? Read More »
Chapter 7 and Chapter 13 are two different types of bankruptcy that individuals can file for in the United States. The main differences between the two are: Eligibility: To be eligible for Chapter 7 bankruptcy, an individual must pass a means test, which compares their income to the median income of their state. If their …
What is the difference between Chapter 7 and Chapter 13 bankruptcy? Read More »
Filing For Bankruptcy Filing for bankruptcy is not an easy decision for anyone. That’s why it helps to have someone who’s been through it to walk you through the process. To assure (and reassure) you of the choices you are making to give yourself and in many cases, your family, a better future. Matthew McCune …
Current inflation impacting bankruptcy If you’ve been to a grocery store or had to fill up on gas in the past couple of months, you’ve felt the pain of inflation. In fact, we are making history. Over the past 12 months, the consumer price index (CPI), which measures costs across dozens of consumer items, increased …
How does the current inflation impact bankruptcy? Read More »
Post-Covid Bankruptcy As the U.S. tries to get back to “normal” (or whatever the new normal will look like), a lot of Americans are going to be faced with addressing some issues that they haven’t had to deal with over the past two years. The American Bankruptcy Institute reported on April 24, 2020 that over …
McCune Legal Can Help You Gain Financial Independence In the spirit of the 4th of July and financial independence, now is the time for you to set yourself free from the financial burdens that are weighing you down. No one deserves to live in a constant state of worry. To wonder every time the phone …
Most people who are trying to dig their way out of insurmountable debts turn to bankruptcy for a fresh start. More often than not, they will opt to file for a Chapter 7 bankruptcy, which is known for its ability to discharge debts. However, there are certain types of debt that do not qualify for …
Debts That Can’t Be Discharged With Chapter 7 Bankruptcy Read More »
Now accepting clients from all locations in Colorado. All bankruptcy hearings are now remote and clients residing outside of Denver metro can hire legal counsel from Denver without the need to travel.