The District of Colorado Bankruptcy Court reported 8,512 Chapter 7 and 2,463 Chapter 13 filings in 2022. Bankruptcy can be a blessing when you find yourself in a precarious financial situation. After the discharge of your case, rebuilding credit is an important step...
Parker Law Blog
Is there a link between bankruptcy and divorce in Colorado?
In the state of Colorado, an interesting question has emerged. Is there a connection between bankruptcy and divorce? Both of these life-altering events can bring about significant financial challenges and changes in lifestyle. Married couples and those struggling...
How much does it cost to file for bankruptcy in Colorado?
For many individuals dealing with debt beyond their means, bankruptcy can be a path to relief and a fresh start. While there is no shame in filing for bankruptcy when doing so becomes necessary, it remains the case that the fees associated with bankruptcy can be a...
Creating a communication plan in the digital age
Parents filing for divorce now face considerations that were irrelevant to custody and visitation orders a couple of decades ago. You are raising digital natives who depend on technology in almost every aspect of their lives. It is only reasonable to consider the role...
Can I keep my horse when I get divorced?
Riding and showing horses are popular pastimes in Colorado. For equestrians, horses are beloved companions whose value far exceeds their monetary worth. If you are a horse owner facing a divorce, the fate of your animals is likely a top concern. How can we decide who...
3 elements of determining child custody for unwed parents
Child custody arrangements have a complexity that only increases for unwed parents. According to the CDC, unmarried women accounted for 23.2% of births in Colorado. Whether the mother or the father, knowing what lies ahead may help ease the process. 1. Establishing...
What is means testing for a Chapter 13 bankruptcy in Colorado?
Filing a Chapter 13 bankruptcy is a common option for debt relief, and part of the process includes completing a means test. The means test calculates your annual, monthly and disposable income to help better evaluate your eligibility. Average monthly income Your AMI...
Can you get a personal loan in Colorado after your bankruptcy?
Filing for bankruptcy is an option for individuals who have no other recourse for relief from their debts. When your bankruptcy period is over, however, you might once again find yourself in a situation where you need to take out a personal loan. Under Chapter 7...
Top 5 reasons to hire a family law attorney
Legal issues involving your loved ones can be emotionally and mentally challenging, but hiring a professional can help. You might wonder whether hiring a lawyer is necessary. Before you attempt to argue your case alone, consider how a family law attorney could benefit...
The top 5 reasons you need a bankruptcy attorney
Financial stress can devastate you, especially if you're considering bankruptcy. For example, the National Library of Medicine detailed how economic difficulties correlate to increased depression and anxiety. Instead of managing a bankruptcy on your own and...