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Bankruptcy Blog2020-03-24T17:17:09-07:00

Should I File for Bankruptcy before Divorce?

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 Whether it’s best to file for bankruptcy or divorce first will depend on your situation and needs, a Denver bankruptcy lawyer explains. Here’s why. When bankruptcy and divorce may be necessary to resolve your financial and marital issues, filing for bankruptcy before moving forward with divorce can be better when: You want to resolve the debt issues prior to divorce – If you file for [...]

October 20th, 2015|

Bankruptcy FAQs: Answers about Colorado Bankruptcy Exemptions

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 how and when Colorado bankruptcy exemptions apply, below we have answered some of the most commonly asked questions about these exemptions. When you are ready for some specific answers, as well as helpful professional advice regarding your best options for debt relief, don’t hesitate to [...]

October 10th, 2015|

5 Questions to Answer When Preparing for Bankruptcy

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. When, however, you need some professional assistance answering these – or other - questions about bankruptcy, don’t hesitate to contact a Denver bankruptcy attorney at Jon B. Clarke, P.C. Answer these Questions to Start Preparing for Colorado Bankruptcy 1 – Have I passed or taken [...]

September 30th, 2015|

4 Mistakes to Avoid When You Want to Improve Your Credit

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, certain things you do can end up subverting your efforts. Knowing just what these things are is important to avoiding them and making your hard work to improve your overall financial situation effective and worthwhile. When You Want to Boost Your Credit Score, Do NOT… [...]

September 20th, 2015|

Denver Bankruptcy Attorney Jon B. Clarke Now Offers Debt Relief Services in Colorado Springs

Jon B. Clarke, P.C. now offers exceptional debt relief services in Colorado Springs, a Denver bankruptcy attorney explains. Here’s a look at our services and how we can help you. 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 experienced at helping our clients pursue their best debt relief options so they [...]

September 10th, 2015|

4 Bankruptcy Myths You Shouldn’t Believe

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 house if I file for bankruptcy. Knowing the facts behind common bankruptcy myths can help you understand whether this debt relief option is suited for you, a Denver bankruptcy attorney explains. The fact is that you may be able to keep your home [...]

August 31st, 2015|

5 Signs that It’s Time to Consider Filing for Bankruptcy

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 month may be more of a struggle. If you are among those who are fighting to get by, below are some indications that it may be time to consider bankruptcy to get a financial fresh start. Bankruptcy May Be Right for You If… If [...]

August 20th, 2015|

3 Tax Debt Solutions When You Can’t Pay the IRS

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 you are not able to pay, here are a few things you can do to resolve the situation. Overwhelmed by Tax Debt? Try… 1 – Asking for a break. Here are some tax debt solutions for those who owe the IRS and can’t immediately [...]

August 10th, 2015|

Bankruptcy News: Rapper 50 Cent Files for Chapter 11 Bankruptcy

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: An experienced Denver bankruptcy attorney takes a look at some bankruptcy news involving Rapper 50 Cent filing for Chapter 11. One for $18.4 million, which arose from a case in which Jackson was being sued for stealing a design from Sleek Audio – Jackson’s appeal of this verdict was unsuccessful. Another for $5 million, which Jackson has been ordered to [...]

July 20th, 2015|

5 Questions to Ask Yourself When You’re Struggling to Pay Your Bills

Now and again, money can get tight. When, however, these financially challenging times are not temporary, asking yourself the following questions can help you figure out what your options are for getting out of debt and improving your financial situation. When Overwhelmed with Debt, Ask Yourself… 1 – Can I cut back my spending? When struggling to pay your bills, ask yourself these questions to figure out what your best fix is, a Denver bankruptcy lawyer explains. When debt is weighing you down, consider whether cutting back on any of your current expenses (to free up more money [...]

July 10th, 2015|