May, 2013

Beware of Payday Loans! Payday Loan Pitfalls and Alternatives

May 31, 2013

Although payday loans can seem like a good solution when a person needs a quick sum of money, doesn’t have collateral for a loan and doesn’t want to endure credit checks, these loans can entrap borrowers, becoming a sort of financial quicksand that can quickly pull them into serious debt. The reason for this is…
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An Overview of the Uniform Debt-Management Services Act (UDMSA) (Part 2)

May 31, 2013

As a continuation of An Overview of the Uniform Debt-Management Services Act (UDMSA) (Part 1), here is some more important information regarding how the UDMSA affects the way that debt management agencies and services are legally allowed to operate within Colorado. While Part 1 of this discussion focused on what debt management agencies are legally…
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An Overview of the Uniform Debt-Management Services Act (UDMSA) (Part 1)

May 27, 2013

The Uniform Debt-Management Services Act is a law adopted in Colorado and many other states to create uniform regulations for fair and effective debt management services. Adopted in 2009, the UDMSA became an important law to have in place when 2005 changes to U.S. bankruptcy laws required all debtors who wanted to apply for any…
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Financial Recovery after Bankruptcy (Part 2)

May 25, 2013

As a continuation of Financial Recovery after Bankruptcy (Part 1), here are some additional tips that can help those who have recently filed for bankruptcy rebuild their financial standing and, ideally, put themselves in a position that would minimize the chances that they would have to file for bankruptcy again in the future. Live within…
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Financial Recovery after Bankruptcy (Part 1)

May 23, 2013

Filing for bankruptcy is an effective way for individuals to discharge much of their debt in order for them to achieve a financial fresh start. However, once a person has filed for and completed his bankruptcy case, there will still be a significant amount of work and responsibility he will need to take on in…
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Possible Ways to Change Your Chapter 13 Bankruptcy Plan (Part 2)

May 20, 2013

As a continuation of Possible Ways to Change Your Chapter 13 Bankruptcy Plan (Part 1), here are some additional circumstances that could make debtors eligible to petition bankruptcy trustees to alter their Chapter 13 bankruptcy plans. Debtors are hit with unforeseen expenses – While these expenses will not necessarily constitute new debt, they can divert…
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Possible Ways to Change Your Chapter 13 Bankruptcy Plan (Part 1)

May 18, 2013

When filing Chapter 13 bankruptcy, debtors work with their bankruptcy trustees to devise a realistic repayment plan that will theoretically allow them to repay their debts within three to five years of filing. However, a lot can change after a Chapter 13 bankruptcy plan has been approved and is in place, and debtors may have…
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Aurora Woman Challenges CO’s Foreclosure Laws in Federal Court

May 11, 2013

An Aurora woman who has been fighting U.S. Bank’s efforts to foreclose on her home has taken her case to a federal judge in an unprecedented effort to challenge Colorado’s foreclosure laws. The woman will have until May 15 to provide a federal judge with evidence regarding how Colorado’s current foreclosure laws violate the U.S….
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