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 …
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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 »
Advantages and bankruptcy. Most people wouldn’t put these two words together on their own. However, upon closer inspection, those struggling with debt will find bankruptcy offers a refuge from one of life’s most stressful situations. Here are 5 reasons you’ll be glad you considered filing for bankruptcy. Discharge of debt will set you free The …
Making the decision to file for bankruptcy is not easy. A lot of time and thought goes into it in order to determine whether or not it’s the right option for you. And once you’ve decided bankruptcy truly is the best course of action, you have to determine which kind of bankruptcy to file. Chapter …
3 Reasons People File For Chapter 13 Bankruptcy Instead Of Chapter 7 Read More »
Bankruptcy exemptions are probably the most important part of the bankruptcy system for consumers. The exemptions protect the assets that you need to move forward with your life and to finally get the fresh start you deserve. Receiving a discharge from the bankruptcy court that wipes out a lot of debt is great! There’s no …
Bankruptcy exemptions: The way to protect your assets. Read More »
Chapter 7 Bankruptcy Steps Explained So, it’s official. You’ve decided that chapter 7 bankruptcy makes the most sense for your current financial situation and now you find yourself wondering…what happens next? A chapter 7 bankruptcy begins by filing forms with the appropriate bankruptcy court. The debtor must file their case at the proper venue, which …
What happens after filing for 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.