Choosing a Credit Counselor: 6 Questions to Ask (Pt. 2)
Continuing from where we left off in Choosing a Credit Counselor: 6 Questions to Ask (Pt. 1), here, we will resume our discussion of the specific important questions that people should ask during the process of choosing a credit counselor. More Questions to Ask When Choosing a Credit Counselor… Question 3 – What qualifications do your credit counselors have? Asking about the employees at a credit counseling service is key during the process of choosing a credit counselor to help you. Contact us for real help getting debt relief. The specific type of training that credit counselors have [...]
Choosing a Credit Counselor: 6 Questions to Ask (Pt. 1)
When choosing a credit counselor, here are some key questions to ask to ensure you choose the best agency and don’t get swindled or further hurt your financial situation. When you may struggling to manage your credit or you are considering filing for bankruptcy, choosing a credit counselor and completing credit counseling can be the right move for you. As with many industries, however, there are plenty of charlatans out there, and you (and the general consumer) has to beware of the companies that just want to take your money without providing you with: Any useful information or [...]
Colorado Bankruptcy Statistics from the CFED
Colorado bankruptcy filings rank well above the national average, with there being 5 bankruptcy cases per every 1,000 people in Colorado versus 3.7 bankruptcy cases per every 1,000 people in the U.S. This information – as well as the other Colorado bankruptcy statistics we will discuss later in this blog – has all been compiled and presented by the Corporation for Enterprise Development (CFED), a DC-based nonprofit organization committed to expanding economic opportunities for the low-income people. Details of Colorado Bankruptcy Filings Colorado bankruptcy filings are the 8th highest in the U.S., according to recently published research from a [...]
Chapter 11 Bankruptcy FAQs (Pt. 3)
While these Chapter 11 bankruptcy FAQs are informative, contact Denver Bankruptcy Lawyer Jon B. Clarke when you’re ready for more specific answers regarding your best debt relief options. Here is the conclusion to our blog series Chapter 11 Bankruptcy FAQs. Q – Are bankruptcy trustees appointed in Chapter 11 bankruptcy cases? A – Not typically, but they can be appointed by a bankruptcy court if or when the following circumstances may arise: Bankruptcy fraud is suspected by a court. Some type of incompetence with the filing or handling of a bankruptcy case is suspected by the court. A [...]
Chapter 11 Bankruptcy FAQs (Pt. 2)
Picking up from where Chapter 11 Bankruptcy FAQs (Pt. 1) left off, here, we will continue to respond to some common questions that people have when they’re considering Chapter 11 bankruptcy. Q – What are the special procedures for small business Chapter 11 bankruptcy cases? Are you wondering how a Chapter 11 bankruptcy for a small business may be different than that for a large corporation? If so, check out these Chapter 11 FAQs. Or call us. A – When a business legally qualifies as a “small business debtor” (according to the terms discussed in the first part [...]
Chapter 11 Bankruptcy FAQs (Pt. 1)
In the wake of our recent blog on Trump Entertainment Resorts filing for Chapter 11 bankruptcy, we thought it would be a good time to answer some commonly asked questions about this type of bankruptcy, which is usually pursued by businesses. These Chapter 11 bankruptcy FAQs provide some helpful answers to common questions people have about filing Chapter 11. Get more answers by calling us today. While the responses and information provided in this blog series are helpful, don’t hesitate to contact Denver, Colorado Bankruptcy Lawyer Jon B. Clarke when you are ready for answers specific to you [...]
Trump Plaza Casino Closes as Trump Entertainment Resorts Files Chapter 11
This past week, Trump Entertainment Resorts filed for Chapter 11 bankruptcy in Delaware, claiming to have upwards of $100 million in liabilities. While the company’s Trump Plaza casino in Atlantic City closed its doors for the last time just days ago, executives at Trump Entertainment Resorts have stated that the doors of its Taj Mahal casino could close for good in November if the company is unable to win concessions from labor unions. This Chapter 11 bankruptcy seems to be underscoring a larger issue for the Atlantic City gambling industry, which has seen three other prominent casinos close this past [...]
How to Prioritize Your Debt: 5 Tips to Keep in Mind (Pt. 3)
Wrapping up our blog series How to Prioritize Your Debt: 5 Tips to Keep in Mind (Pt. 1), below we will provide discuss some final tips to remember as you rank your debt from highest to lowest priority to pay off. How to Prioritize Your Debt: Final Issues to Remember Tip 4 – Moderate to low-priority debt should be debt with lower interest rates. While these tips can help you prioritize your debt, it’s important you know when to reach out for professional debt relief help. Call us if you are ready to get out from under serious debt. [...]
How to Prioritize Your Debt: 5 Tips to Keep in Mind (Pt. 2)
Picking up from where we left off in How to Prioritize Your Debt: 5 Tips to Keep in Mind (Pt. 1), below we will continue pointing out some more important factors to remember as you prioritize your debt and get your finances in order. More Tips to Help You Prioritize Your Debt Tip 2 – Once your living costs are covered, focus on debt you are legally obligated to pay. As you prioritize your debt, a high-priority debt should be any court-ordered debts or payments you have. Contact Law Office of Jon B. Clarke for professional help with debt [...]
How to Prioritize Your Debt: 5 Tips to Keep in Mind (Pt. 1)
As you prioritize your debt, your highest priority debts should be those related to your basic needs and living expenses. Call us if you are overwhelmed by debt and need a financial fresh start. Not all debt is created equal, as some debt will be more important than other types of debt to pay off first. Being aware of what debt may be a higher priority to pay before other debt can be critical to saving money and limiting other stresses as you get your finances in order and ideally work towards achieving a debt-free future. In this [...]
