Filing for Bankruptcy

Bankruptcy & Divorce in Colorado: 6 Things to Consider (Pt. 3)

August 15, 2014

Here is the conclusion to our blog series Bankruptcy and Divorce in Colorado: 6 Things to Consider. Some More Factors to Consider with Bankruptcy and Divorce 4. Whether the Separating Couple Can Work Together Because money troubles and debt are often the source of acrimony and anger between marital partners, when the couple’s financial issues…
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Bankruptcy & Divorce in Colorado: 6 Things to Consider (Pt. 2)

August 12, 2014

Picking up from where Bankruptcy & Divorce in Colorado: 6 Things to Consider (Pt. 1) left off, here, we will carry on our discussion regarding some of the specific factors that couples should consider when they may share a significant amount of debt and they are seriously thinking about pursuing bankruptcy and divorce in the…
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Bankruptcy & Divorce in Colorado: 6 Things to Consider (Pt. 1)

August 7, 2014

Debt and divorce can be two sides of the same coin. In fact, while financial struggles are one of the most common reasons that married couples end up filing for divorce, divorce is one of the most common reasons that individuals end up needing to file for bankruptcy. When married couples facing serious debt have…
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How to Deal with Debt Collectors (Part 1)

October 25, 2013

Owning money on multiple debts that may not immediately or readily be able to make payments on can be both embarrassing and stressful, particularly if the debt collectors are regularly calling you and/or sending you letters  trying to collect on the debts owed. While you may want to take the ostrich route and hide your…
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Tips on Reducing Medical Debt to Avoid Bankruptcy (Part 2)

October 21, 2013

As a continuation of Tips on Reducing Medical Debt to Avoid Bankruptcy (Part 1), the following is some additional advice regarding what you can do to minimize the amount of medical debt you accumulate while still obtaining the medical care you need. Compare treatment costs against Medicare rates – According to a recent survey on…
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The Stages of Debt Delinquency and How to Avoid Them (Part 3)

October 10, 2013

Concluding the three-part blog The Stages of Debt Delinquency and How to Avoid Them, the following outlines the final stage of the vicious debt delinquency cycle, as well as what borrowers can do to stop the cycle, protect themselves and achieve a financial fresh start. Final stage of delinquency: Creditors take legal action against you…
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The Stages of Debt Delinquency and How to Avoid Them (Part 1)

October 6, 2013

With the slow, unpredictable nature of the economic recovery, as well as the fact that many people are still having a difficult time getting a job, it’s not uncommon for people to fall behind in paying their bills and face the danger of delinquency. Delinquency, also referred to as debt delinquency, is the state of…
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Small Business Bankruptcy: An Overview (Part 1)

September 12, 2013

When a small business is overwhelmed by debt, filing for bankruptcy may be the best solution for financial recovery, and the next steps to take will depend on: The type of entity that the business is based on – specifically, whether the business is a sole proprietorship, general partnership, corporation or limited liability company (If…
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Bankruptcy Exemptions in Colorado (Part 2)

August 3, 2013

Continuing from Bankruptcy Exemptions in Colorado (Part 1), the following are some additional bankruptcy exemptions that debtors can claim, according to Colorado law, when they are filing for Chapter 7 bankruptcy. These bankruptcy exemptions represent property and assets that debtors will be allowed to keep because they will not have to include them in the…
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When to Beware of Debt Consolidation Loans (Part 2)

July 17, 2013

As a continuation of When to Beware of Debt Consolidation Loans (Part 1), here is some additional information regarding what borrowers should be on the lookout for before they move forward with debt consolidation loans. Some of the potential risks and dangers associated with debt consolidation loans include that these loans: Can be associated with…
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