Bankruptcy helps people and businesses struggling with overwhelming debt. It provides a legal way to get relief by either eliminating debt or creating a repayment plan. The two most common types for individuals are Chapter 7 and Chapter 13 bankruptcy. Chapter 7 allows...
Empathy And Experience In Bankruptcy, Family Law And Estate Planning
Chapter 7 and Chapter 13 Bankruptcy
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...
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...
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...
What is means testing for a Chapter 13 bankruptcy in Colorado?
Filing a Chapter 13 bankruptcy is a common option for debt relief, and part of the process includes completing a means test. The means test calculates your annual, monthly and disposable income to help better evaluate your eligibility. Average monthly income Your AMI...
Can you get a personal loan in Colorado after your bankruptcy?
Filing for bankruptcy is an option for individuals who have no other recourse for relief from their debts. When your bankruptcy period is over, however, you might once again find yourself in a situation where you need to take out a personal loan. Under Chapter 7...
The top 5 reasons you need a bankruptcy attorney
Financial stress can devastate you, especially if you're considering bankruptcy. For example, the National Library of Medicine detailed how economic difficulties correlate to increased depression and anxiety. Instead of managing a bankruptcy on your own and...