Call us today for Free ConsultationYou might assume that Chapter 7 bankruptcy is better than Chapter 13 because it allows you to eliminate debt without having to pay anything back directly. You have debts completely discharged and may only have to give up a few assets. Chapter 13 can be better than...
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Will you lose your home in a Chapter 7 bankruptcy filing?
Once your debt gets to a point where you can't manage it anymore, bankruptcy can be the best solution because it doesn't just give you temporary relief. Instead, it offers a potential discharge of your unsecured debt, which means a financial clean slate. You can...
Reasons the court may dismiss your Chapter 7 bankruptcy
The goal when you file for Chapter 7 bankruptcy is to have the court discharge your debts. When a discharge happens, it means the court approves your case and your debts are no longer your obligation to pay under the law. Not every Chapter 7 will end in a discharge,...
Your car loan could be trouble
When you are having trouble paying your bills and managing your debt in Colorado, it is a good idea to look over your finances and see what is wrong. For many people, it is a car loan that is causing them issues. That is because, according to Edmunds, about one-third...
3 reasons to file bankruptcy now and not later
It may be tempting to put off filing bankruptcy in Colorado. You may want to try everything possible to delay the inevitable. This often leads to spending money you should not spend to try to rectify the situation. Some people resort to using all of their retirement...
Understanding Chapter 7 bankruptcy
If you are dealing with overwhelming debt, you may be thinking about filing for bankruptcy. Chapter 7 bankruptcy is one of the most common types of consumer bankruptcy. It is a legal process that clears some or all debts that you owe. The core advantage of declaring...
Bankruptcy can help debtors hold onto their homes
Debts are burdensome and uncomfortable. When Parker residents receive their monthly credit card bills and see that their balances have ballooned due to interest fees or that an unexpected medical procedure is thousands of dollars more than they anticipated, they may...
Medical bills can ruin financial lives
It can take years for a Parker resident to pay off their student loans or save enough money to buy a house. They may hold off on remodeling their residence or buying a new car if they do not feel as though they are financially ready to make such a big expenditure....
Talk to a professional before filing for personal bankruptcy
When overwhelming debts begin to influence the decisions that Parker residents make about their finances and futures, it may be time for them to take big steps to remedy their economic woes. There are a number of ways that individuals may seek to improve their...
How are Chapter 7 and Chapter 13 bankruptcy different?
While some people may believe that bankruptcy is a single process for anyone who wants to pursue it, in reality there are many different bankruptcy options available under the law. Depending upon whether it is a Colorado resident or business that wants to file, as...
