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...
Bankruptcy as a tool to help you keep your home
Facing financial obstacles can be scary for anyone, but when a Colorado resident is threatened with an economic crisis that could impact their loved ones, they may be ready to do whatever they can to shield their dependents from harm. This is especially true when that...
Different bankruptcy options require different qualifications
Not everyone knows that there are different options for individuals who wish to file for bankruptcy. "Bankruptcy" is actually a set of different legal paths that may allow individuals to relieve themselves of their debts and help them start their financial lives with...
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,...
Can you discharge student loan debt through bankruptcy?
As many of our readers in Colorado may know, many people in our nation are struggling under an insurmountable amount of student loan debt. Many factors, including the economy, job markets and skyrocketing tuition prices, have led many people to take out student loans...
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...