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 »
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 »
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 »
In simple terms, chapter 13 bankruptcy is a reorganization plan where the debtor makes payments into a plan for 3 to 5 years. One of the most appealing components of chapter 13 is having a “plan” that allows you to modify the rights of certain creditors and is why chapter 13 bankruptcy is adaptable. As …
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 »
Most people in the United States are familiar with the concept of going bankrupt. However, the majority of those people don’t understand the actual process of filing for bankruptcy. Although it’s not something people like to think about, bankruptcy can help a person get rid of any debt they have or make a feasible plan …
The various bankruptcy chapters: Know your options Read More »
When filing for bankruptcy makes sense? Filing for bankruptcy is not something to be taken lightly. That being said, you can find comfort and confidence in your choice when you know it is the right one. In order to determine if bankruptcy is the best course of action, you’ll want to take a close look …
Financial Struggles Happen There are plenty of things in life that make people feel guilty or ashamed, but filing for bankruptcy should not be one of them. Financial struggles are something that is more common than you think and can happen to the best of us. Even if you are financially responsible, there are circumstances …
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.