It’s not unusual for a client or potential client to ask me if they have to list all of the people they owe money to. The question will come up either in the initial consultation or at the time we’re reviewing their petition and going over the schedules that list their creditors. Oftentimes, they want…Read more
How Do I Know If I Qualify For Chapter 7 Bankruptcy?
I love the Internet. It is a seemingly bottomless source of information and Google is the first place I stop if I am researching something. That said, I am also one of the most skeptical people my wife has ever met. So I always bounce anything I find on the Internet off of several sources…Read more
How Bankruptcy Can Improve Your Credit Score
Yesterday I got an email from a former client. She was concerned. She had received her discharge several months ago and decided to check her credit score. It was 674. She didn’t expect it to be that high so soon after filing. She was writing to ask if that was even possible. I wasn’t surprised.…Read more
November 1, 2014 Colorado Median Income Amounts For Bankruptcy Means Test
Twice a year the United States Census Bureau updates the median income. Those amounts were once again updated for Colorado on November 1, 2014. They are as follows: -Household Size of 1: $51,552 -Household Size of 2: $67,129 -Household Size of 3: $70,827 -Household Size of 4: $84,998 Add $8,100 for each household member in…Read more
Can A Creditor Force Me To Appear At A Bankruptcy Rule 2004 Examination?
If you’ve filed bankruptcy, or have been doing some research as you consider filing, you have probably ready about the meeting of creditors (also called the 341 meeting, after the Bankruptcy Code section that requires it). At that meeting creditors can appear and ask questions about your petition and financial state of affairs. However, if…Read more
Can I Hire An Attorney After I File My Chapter 13 Bankruptcy Myself?
If you talk to some lawyers, they will absolutely advocate against someone filing their own bankruptcy petition. But the fact is, about 10 %- 15% of people who file Chapter 7 do so without an attorney and most do it successfully. I don’t have a problem with someone filing their own Chapter 7, but I…Read more
How Long Do Creditors Have To File A Proof Of Claim?
If you file Chapter 13 bankruptcy or have any non-exempt assets that the trustee can liquidate in a Chapter 7 bankruptcy, your creditors will receive a notice that they need to file a proof of claim if they want to be paid. The claim must show the basis of your debt and how much you…Read more
Do I Have To List Gifts I Got From Other People When I File Bankruptcy?
After we meet with someone for an initial consultation, we give them a worksheet that asks them to list all of their assets, income, debts, and expenses. Although the worksheet doesn’t get submitted to the bankruptcy court, it is the foundation of the bankruptcy petition. We emphasize that the need to answer all of the…Read more
Can I Reopen My Bankruptcy Case After It Has Been Closed?
From time to time we get calls from people who have already filed a bankruptcy case, usually a Chapter 7 case, that the bankruptcy court has closed. For one reason or another, they want to know if the case can be reopened. Sometimes it’s because they have forgotten to file the certificate of completion for…Read more
Why You Should Hire A Bankruptcy Attorney To Help You With Debt Settlement
One of the things I like about being a bankruptcy lawyer is helping people avoid bankruptcy. Believe it or not, that’s my primary objective when someone comes in for a consultation. I try to look at their financial situation from every possible perspective to see if there is an alternative to bankruptcy. One way that…Read more
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