Deciding the fate of shared properties, such as a ski chalet during a divorce, can be as challenging as navigating the slopes of Aspen during a heavy snowfall. A ski chalet is not just a substantial financial investment but also a repository of cherished memories and...
Empathy And Experience In Bankruptcy, Family Law And Estate Planning
Parker Law Blog
Chapter 7 Vs Chapter 13 bankruptcy: Which path is right for you?
Filing for bankruptcy is a significant decision. It provides a fresh financial start for those struggling with overwhelming debt. Two of the most common bankruptcy options are Chapter 7 and Chapter 13. Each serves a unique purpose and fits different financial...
What steps help rebuild credit after bankruptcy?
Bankruptcy can feel like a huge setback, but it doesn't have to define the future. Many individuals face financial challenges, and bankruptcy offers a fresh start. Rebuilding credit after bankruptcy takes time and effort, but it is achievable with the right approach....
Making a recovery when divorce leads to bankruptcy
Marriage dissolution often leads to significant financial strain. When two incomes become one, or when assets become divided, the financial impact can be overwhelming. In some cases, divorce may even lead to bankruptcy. The situation is particularly challenging in...
Filing for Chapter 7 bankruptcy: Do you qualify?
Filing for Chapter 7 bankruptcy in Colorado can provide a fresh start by liquidating your debts. However, there are specific qualifications you must meet to be eligible. Income requirements To qualify for Chapter 7 bankruptcy, your income must be below the median...
Key aspects of a Colorado parenting plan
A parenting plan is important in ensuring the well-being of children during and after a divorce or separation in Colorado. These plans outline how parents will raise their children separately, covering everything from living arrangements to decision-making...
Exploring property division issues in Colorado divorce
When couples decide to part ways in Colorado, dividing their property can sometimes lead to complex issues. Co-mingled assets and retirement benefits are issues that often arise during divorce proceedings. If you are considering divorce, it is important to understand...
5 elements in Colorado’s approach to child support after divorce
Divorce proceedings can be emotionally taxing, especially when children are in the picture. In Colorado, determining child support is an important aspect of divorce settlements. Child support can ensure fair distribution of the financial responsibilities for the...
Should you use a credit card to rebuild credit?
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...
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...