Bankruptcy Laws

5 Things You Should Know about Bankruptcy Fraud (Part 2)

March 8, 2014

Continuing from 5 Things You Should Know about Bankruptcy Fraud (Part 1), here, we will discuss three more facts that people who be aware of when it comes to bankruptcy fraud. If you have additional questions, or if you would like to know more about whether filing for bankruptcy is the right choice for you,…
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5 Things You Should Know about Bankruptcy Fraud (Part 1)

March 5, 2014

While bankruptcy is an effective form of financial relief for many people who are burdened by overwhelming debt, unfortunately, some people have tried to use bankruptcy fraudulently in that they have tried to preserve some of their assets while getting their debts discharged. Such acts are known as bankruptcy fraud, and this is a very…
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Bankruptcy Exemptions in Colorado (Part 1)

July 29, 2013

Those who file for bankruptcy in Colorado are required, per Colorado laws, to use state laws (rather than federal bankruptcy statutes) when claiming property and asset exemptions. These bankruptcy exemptions refer to assets and property that will not be liquidated as part of a Chapter 7 bankruptcy proceeding in order to pay off creditors (i.e.,…
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Why You Should Steer Clear of Bankruptcy Mills

July 24, 2013

Bankruptcy mills are companies that handle a large amount of bankruptcy cases and often cut corners, fail to keep their clients informed and ultimately fail to help their clients achieve the financial fresh start they are looking for. Unlike reliable, time-tested bankruptcy law practices, bankruptcy mills: Commonly have non-attorney staff handle clients’ sensitive financial matters…
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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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