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August 2018 Archives

Choosing between Chapter 7 and Chapter 13 bankruptcy

The world of bankruptcy law can be confusing, especially if you are already under a great deal of stress due to your precarious financial situation. In the end, most people in Colorado who decide to file for bankruptcy will choose between Chapter 7 and Chapter 13 bankruptcy. However, there are some differences between Chapter 7 and Chapter 13 bankruptcy that are worth noting, so you can make an educated decision about which option, if any, is right for you.

Study examines the effect of keeping the family home in a divorce

Home may be where the heart is, and that is why it is often one of the most sought-after assets when a couple is divorcing. Some people in Colorado may see the family home as their ticket towards securing much-needed finances once they retire. However, is it always worth it to pursue the family home during the property division process?

What factors do Colorado courts consider when dividing assets?

Couples may spend many years during their marriage accumulating assets that they believe to be "ours." However, if a couple's marriage fails and divorce is on the horizon, they will have to start looking at how to divide their marital assets into "mine" and "yours." If a couple is unable to reach a settlement on their property division issues on their own, they will have to turn to the court for a decision.

You can protect the equity in your home in a Colorado bankruptcy

For Colorado citizens struggling with debt and considering bankruptcy, concerns about their home may be the most significant factor holding them back from filing. There is a common misconception that anyone who filed bankruptcy must liquidate all of their assets in doing so. However, this is simply not the case.

Watch out for scams promising to stop home foreclosure

Those facing foreclosure may feel desperate. So, when they are presented with a loan modification opportunity, it may seem like an offer that is too good to be true. However, sometimes these offers are actually scams that homeowners need to be aware of.

How does divorce affect a parent's ability to relocate?

Summertime is a popular time for parents to move, as it means that their child will have time to adjust to their new home before the school year starts. However, when parents are divorced, moving is not as simple as packing up your things and taking off for your new home. If there is a child custody and parental visitation order in place, the parent that wants to move may need to seek a modification of the order first.

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