Bankruptcy Facts

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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7 Questions to Ask Yourself When Considering Bankruptcy (Part 3)

March 26, 2014

Concluding our three-part blog 7 Questions to Ask Yourself When Considering Bankruptcy, below are some final questions and answers that people need to think about when they are facing serious debt and are wondering if they should file bankruptcy. If you are considering bankruptcy as a solution to your financial issues, you are encouraged to…
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7 Questions to Ask Yourself When Considering Bankruptcy (Part 2)

March 23, 2014

Picking up from 7 Questions to Ask Yourself When Considering Bankruptcy (Part 1), the following discusses three more questions that borrowers should ask themselves – and answer – before they move forward with a bankruptcy case. If people who are thinking about filing for bankruptcy have additional questions regarding their situation or the process, they…
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7 Questions to Ask Yourself When Considering Bankruptcy (Part 1)

March 20, 2014

Filing for bankruptcy is a good move for many people who are struggling with significant amounts of debt. However, the choice to file for bankruptcy should not be taken lightly, as this is an important decision that can have impacts on a person’s credit and financial standing for years to come. As a result, if…
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Filing for Bankruptcy Can Stop Wage Garnishments

July 12, 2013

For borrowers who find themselves buried in debt, a common tactic that creditors use to try to urge these borrowers to make payments on this debt is threatening to – or actually – garnishing their wages. Unfortunately, however, wage garnishments can be financially crippling for borrowers who are already clearly having a hard time with…
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Bankruptcy Facts: Common Bankruptcy Myths Dispelled (Part 2)

April 30, 2013

As a continuation of Bankruptcy Facts: Common Bankruptcy Myths Dispelled (Part 1), here are some additional myths versus facts when it comes to bankruptcy. Understanding the truth behind the bankruptcy process and its outcomes will help debtors decide whether bankruptcy is the best choice for them to unburden themselves from debt and achieve a financial…
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Bankruptcy Facts: Common Bankruptcy Myths Dispelled (Part 1)

April 26, 2013

The bankruptcy process can seem particularly daunting to borrowers who have no idea about what it entails or what the outcomes of a bankruptcy case will be. While there are a lot of misconceptions about bankruptcy (italicized below), here are the facts that debtors should consider as they decide or prepare to file for bankruptcy….
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