One method to help build your credit rating after filing for Colorado personal bankruptcy is by obtaining a loan, such as a car loan. Once your personal bankruptcy case is closed, you can apply for a loan the next day. The following suggestions should help you get the best rates for your loan.
Review Your Credit [...]
That is a loaded question. I am not sure what the concern is. If you owe taxes to the IRS they will be notified. And tax debt older than three years will be discharged. If you have old tax you would want the IRS to know. If you are filing a Chapter 13 the IRS [...]
Does filing for personal bankruptcy stop the foreclosure process?
It does. It automatically stops it for sixty days. If you look at filing a Chapter 13 where you can take the arrearages of your mortgage payments that led to the foreclosure, it can stay it indefinitely. It is a good way to save the home.
I was [...]
Absolutely, whether you are filing Chapter 7 or Chapter 13 you can keep your home. The criterion really is how much equity you have in the home. If you are under sixty years old you are allowed to have up to sixty thousand dollars of equity. If you are over sixty you are allowed to [...]
The easiest one is if your unsecured debt—like credit cards and medical bills—is more than one third of your annual income you are a personal bankruptcy candidate. If you are paying your credit card, but then having to use it to buy groceries and gas you are looking at bankruptcy. What I tell my clients, [...]
When a lot of my Colorado personal bankruptcy clients come in they always want to explain to me how they got into it. They start off by saying I am not like your other clients. I believe what they think is that the typical personal bankruptcy client is someone who went out and got a [...]
I know it can be intimidating to think of meeting with a personal bankruptcy lawyer. For this reason, many people delay in contacting a bankruptcy attorney. It is wise to get in touch with a personal bankruptcy lawyer as soon as possible, otherwise it might be too late to obtain an optimal level of assistance.
As [...]
In my last blog I stated that we are not heading for another “Great Depression.” But, as a personal bankruptcy lawyer for Denver, Colorado, I want to make it clear to those of you considering filing personal bankruptcy that the upswing in the economy will be slow. An article in the Washington Post on Friday [...]
As a Denver, Colorado personal bankruptcy lawyer I am always interested in the state of the economy.
The Nobel Prize winner and professor of Economics and International Affairs at Princeton University, Paul Krugman, wrote an article in the New York Times last week on the state of our economy that caught my attention. He discusses the [...]
Yesterday I wrote about the sharp increase in small-business bankruptcy cases, so I decided it might be helpful to supply a list of suggestions that would be useful to small businesses that are in financial trouble.
If your company has a pension plan do not touch it. If you do, you will risk being charged a [...]
