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...
Chapter 7 and Chapter 13 Bankruptcy
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...
Federal student loan bill may interest Coloradans
While a college degree is a valuable asset, obtaining that degree is not usually cheap. Many college students need to take out loans to finance their education. Unfortunately, the costs of a college education have risen significantly in recent years and obtaining a...
What personal bankruptcy options are available to Coloradans?
When a debtor is contemplating bankruptcy, they will either file for Chapter 7 bankruptcy or Chapter 13 bankruptcy. In a Chapter 7 bankruptcy, with some exceptions, the debtor's assets are liquidated, and the proceeds are used to pay of their debts. The process...
How to bring your credit rating back from the brink
Resurrecting one’s credit rating is one of the primary goals that bankruptcy debtors have. While it may appear insurmountable at the outset, it is actually possible to do so with careful maintenance of the credit opportunities that will come about. Believe it or...
The bankruptcy option: Is it for you?
Your family's spending has, for necessary reasons, surpassed your budget. Food and clothing have depleted your savings, and medical bills have created debt. You're now at a financial crossroads. You have some options to think about. One way would be a...