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October 2018 Archives

Can Colorado residents discharge tax debt through bankruptcy?

When Colorado residents are struggling under unsurmountable debt, they may feel lost and hopeless. However, they do have options, and one of these options may be filing for Chapter 7 or Chapter 13 bankruptcy. A bankruptcy filing can discharge many unsecured debts, such as credit card debt. However, not all unsecured debts can be satisfied through the bankruptcy process.

Property division and the commingling of assets

It is not unusual for spouses in Colorado to have significant assets coming into a marriage, particularly if they marry at an older age. For example, they may own a home or business prior to getting married. However, what happens to these assets should the couple later divorce?

Help your children cope with the divorce

Going through a divorce means having to adjust various aspects of life. This is difficult for adults but it is also very tough on children. When their parents go through a divorce, they are forced to make major changes to the only way of life they've ever known. They can't change the situation despite the wishes that they could.

Can homeowners work with their lenders to stop home foreclosure?

Owning a home is, for many in Colorado, the "American Dream." People will spend years saving for a down payment so that they can take out a loan to purchase the home they hope to live in for years to come. Yet, they need to understand that taking out a mortgage entails certain obligations.

Seeking solutions to child custody issues in Colorado

When a child's parents divorce, the child's best interests should be met above all else. Divorce is not an easy time for a child. They will have to become accustomed to living in two homes, and they may experience a range of emotions, from confusion to sadness to fear. Parents should do all they can to comfort their child throughout the divorce process, despite any animosity they may have for one another.

Tax law changes intersect with various divorce legal issues

It may not be time to file your 2018 taxes yet, but people in Colorado should be aware of some significant changes to current tax laws that also affect family law issues they may face, especially if they have decided to end their marriage. Understanding how these changes will affect a divorce is critical to making decisions that are appropriate.

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