Bankruptcy Blog

Can Bankruptcy Stop Wage Garnishments?

October 31, 2015

Whether or not bankruptcy can stop wage garnishments will depend on whether the garnishment has already gone through. Specifically, when people file for bankruptcy, a court injunction known as an automatic stay will immediately go into effect. The automatic stay will halt creditors from taking any additional action against bankruptcy petitioners – and this includes…
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Should I File for Bankruptcy before Divorce?

October 20, 2015

It depends on your situation, your needs, the type of bankruptcy case you want to pursue and your goals. We’ll dive deeper into this answer below. Benefits of Filing for Bankruptcy before Divorce When bankruptcy and divorce may be necessary to resolve your financial and marital issues, filing for bankruptcy before moving forward with divorce…
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Bankruptcy FAQs: Answers about Colorado Bankruptcy Exemptions

October 10, 2015

When filing for bankruptcy, petitioners may be able to take advantage of Colorado bankruptcy exemptions in order to retain certain property through the proceedings. These exemptions effectively prevent certain property from becoming part of the bankruptcy estate. They can apply to various types of property, including real estate, motor vehicles and personal property. To clarify…
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5 Questions to Answer When Preparing for Bankruptcy

September 30, 2015

Once you have decided to pursue bankruptcy to resolve your debt issues, you may need to take some extra steps to get ready to file for bankruptcy in the near future. By answering the questions below, you can start to figure out what these steps may be for you, given your financial situation and goals….
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4 Mistakes to Avoid When You Want to Improve Your Credit

September 20, 2015

Your credit score is a pretty powerful number that can affect your borrowing opportunities, interest rates and possibly even job options (depending on your line of work). While making the decision to start working on your credit and improving your credit score can be the first step to getting your finances back on track, however,…
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Denver Bankruptcy Attorney Jon B. Clarke Now Offers Debt Relief Services in Colorado Springs

September 10, 2015

At Jon B. Clarke, P.C., we are proud to announce the opening of our new offices in Colorado Springs, where we offer the same exceptional debt relief legal services as we provide from our Denver office. Known for helping individuals and businesses alike resolve their serious debt issues, our Denver & Colorado Springs lawyers are…
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4 Bankruptcy Myths You Shouldn’t Believe

August 31, 2015

While bankruptcy is not as stigmatized as it once was, there are a lot of misconceptions about what bankruptcy can and cannot do for people. To clear up some of the misinformation out there, below are the facts behind common bankruptcy myths. The Facts about Colorado Bankruptcy Myth 1 – I’m going to lose my…
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5 Signs that It’s Time to Consider Filing for Bankruptcy

August 20, 2015

Many people are carrying debt month to month. Whether this is student loan debt, credit card debt or some other debt obligation, diligently paying more than the minimum monthly payment can be key to resolving that debt and improving your overall financial situation. For some people, however, bills may be overwhelming, and getting by each…
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3 Tax Debt Solutions When You Can’t Pay the IRS

August 10, 2015

Being pursued by any creditor can be stressful. When that creditor is the IRS, however, the situation can be more intense. This is because the IRS can bring your financial situation to a complete halt, cutting you off from your bank accounts and income (when deemed necessary). So, if you have a tax debt that…
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Bankruptcy News: Rapper 50 Cent Files for Chapter 11 Bankruptcy

July 20, 2015

Rapper “50 Cent,” Curtis Jackson, has recently filed for Chapter 11 bankruptcy in federal court, claiming he’s broke and he owes creditors more than $28 million. According to court documents, Jackson’s debts include two multi-million verdicts against him: One for $18.4 million, which arose from a case in which Jackson was being sued for stealing…
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