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...
Parker Law Blog
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...
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...