Complaints against Debt Collectors on the Rise, Report Reveals
More consumers are filing complaints against debt collectors for their allegedly harassing and abusive tactics, according to the findings of a recent report published by the Consumer Financial Protection Bureau (CFPB). As this 2014 report found: From July through December 2013, the CFPB handled more than 30,000 complaints against debt collectors. Throughout 2013, the Federal Trade Commission oversaw more than 204,260 complaints against debt collectors. This exceeded the number of claims against debt collectors filed with the FTC in 2012. While the reason for the increase in the number of complaints against debt collectors could be attributed to the fact [...]
6 Most Common Bankruptcy Mistakes to Avoid (Pt. 3)
Wrapping up our blog series 6 Most Common Bankruptcy Mistakes to Avoid, below we will discuss some final common missteps people should avoid making when filing for bankruptcy in order to ensure that their petition is approved and successfully discharges their debt. Additional Bankruptcy Mistakes that Could Hurt Your Case Mistake 5 – Failing to know and meet the eligibility requirements for filing for bankruptcy. Of all the bankruptcy mistakes, te single biggest mistake made is failing to retain an experienced lawyer like Denver Bankruptcy Lawyer Jon B. Clarke. In order to be able to get debt discharged [...]
6 Most Common Bankruptcy Mistakes to Avoid (Pt. 2)
Picking up from where 6 Most Common Bankruptcy Mistakes to Avoid (Pt. 1) left off, here we will continue to highlight some of the more missteps and mistakes people make when filing for bankruptcy. More Bankruptcy Mistakes to Sidestep… Mistake 3 – Failing to disclose all assets in the bankruptcy petition. Failing to disclose all assets in a bankruptcy petition and not utilizing bankruptcy exemptions are common bankruptcy mistakes you should avoid making. Once a person has figured out which type of bankruptcy is the best option for his situation, preparing the bankruptcy documents to file with the [...]
6 Most Common Bankruptcy Mistakes to Avoid (Pt. 1)
Filing for the wrong type of bankruptcy is one of the most common bankruptcy mistakes people make. Contact us for help avoiding bankruptcy mistakes that could hurt your case. Filing for bankruptcy can provide a much-needed relief from serious debt for many people. However, in order to enjoy this financial fresh start, people will have to first successfully file for bankruptcy and make their way through the court process. As with other legal processes, filing for bankruptcy has some very specific requirements, and certain procedures have to be followed in order for people to get their debt discharged [...]
Bankruptcy & Divorce in Colorado: 6 Things to Consider (Pt. 3)
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 When you are ready to talk about how filing for bankruptcy and divorce may impact your finances, contact Colorado Bankruptcy Lawyer Jon B. Clarke. 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 have become significant enough that both bankruptcy and divorce are being seriously considered, it may not be possible for [...]
Bankruptcy & Divorce in Colorado: 6 Things to Consider (Pt. 2)
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 near future. Additional Things to Think about with Bankruptcy and Divorce in Colorado… With bankruptcy and divorce in Colorado, the case you resolve first can make a difference in your future debt obligations. Contact us for more specific info about your case. 2. [...]
Bankruptcy & Divorce in Colorado: 6 Things to Consider (Pt. 1)
While serious debt can lead to divorce – and divorce can lead to serious debt, when filing for bankruptcy and divorce are necessary, here are some things to consider. 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 also made the decision to end their marriage, deciding whether to file for bankruptcy [...]
Non-Dischargeable Debt & Bankruptcy: What You Need to Know (Pt. 2)
Picking up from where we left off in Non-Dischargeable Debt & Bankruptcy: What You Need to Know (Pt. 1), below we will continue our discussion of the specific types of debt that will persist despite filing for bankruptcy. Being aware of what debt you may still be obligated to repay after a bankruptcy case is crucial to having a realistic expectation of: What filing for bankruptcy can do for you What you may need to plan for after bankruptcy in order to avoid becoming overwhelmed with debt in the future (and potentially putting yourself in a position to have to [...]
Non-Dischargeable Debt & Bankruptcy: What You Need to Know (Pt. 1)
A common misconception that people have about filing for bankruptcy is assuming that all of their debts can be discharged with their bankruptcy case. This, however, is not necessarily true, as there are some very specific types of debt that will persist despite a bankruptcy case. In other words, despite successfully filing for bankruptcy, people may still be on the hook for repaying certain debt. This debt is referred to as non-dischargeable debt. In this two-part blog, we will discuss the debt that won’t be discharged through bankruptcy. Before we delve into our discussion of non-dischargeable debt, it’s important to [...]
Getting Married? Talk about These Money Matters (Pt. 3)
Here is the conclusion to our three-part blog Getting Married? Talk about These Money Matters. While these financial questions can set up clear expectations prior to marriage, don’t hesitate to contact us if you and your spouse need help getting out of serious debt. Additional Financial Questions to Ask Prior to Marriage… Q4: How will our banking be done? In other words, will you and your soon-to-be spouse simply just keep on banking separately? Will you set up a joint account and maintain your separate bank accounts? Or will you completely merge your finances into marital checking and [...]
