If you’re like most people who come to me who are dealing with the stress and anxiety of an overwhelming financial situation, your first instinct may be to keep it to yourself. You may feel that since you got yourself into your predicament, it’s up to you to get yourself out of it. One of…Read more
Is Debt Keeping You Awake At Night?
It’s the middle of the night. You’re wide awake. Your heart is pounding. Tonight you’re desperately scouring the Internet looking for solutions. Is debt keeping you awake at night? You’re not alone. Stress about debt can have an incredibly negative…Read more
Are Taxes Non-Consumer Debt In Bankruptcy?
I was meeting with a potential client the other day and trying to solve a puzzle. He owed a significant amount of back taxes, but his income was also high enough that it appeared that he would need to file a Chapter 13…Read more
Can I Buy A Home If I File Bankruptcy?
One of the most frequent concerns my clients and people who come in for a consultation have is when, if ever, they’ll be able to buy a home after they file bankruptcy. This questions always makes me smile a little, because that is a myth I am all too happy to smash. You can buy…Read more
Who Is Going To Show Up At The Meeting Of Creditors?
For my clients, it is one of the most nerve wracking aspects of the personal bankruptcy process: the meeting of creditors, otherwise known as the 341 meeting (for the section of the Bankruptcy Code it comes from). I think they sometimes envision a public flogging, where all…Read more
How Broke Do I Have To Be To File Bankruptcy?
The other day I met with a young man, still in college who had gotten into multiple accidents over past couple of years. Unfortunately, he wasn’t insured and had racked up tens of thousands in dollars in debt. As you know, medical debt is one of the…Read more
What Is Included In The Colorado Bankruptcy Exemption For Household Goods?
One of the biggest concerns for people considering bankruptcy is what happens to their personal property when they file. The intent of the Bankruptcy Code is not to leave filers destitute and without anything. Bankruptcy is intended to provide a fresh start and doesn’t require you to lose everything. In that spirit, the Colorado bankruptcy…Read more
How Long Does Chapter 13 Bankruptcy Stay On My Credit Report?
Most people researching bankruptcy have read that a bankruptcy will stay on your credit report for 10 years from the day you file. It’s true that a Chapter 7 bankruptcy will stay on your credit report for 10 years, but that’s not the case for a Chapter 13 bankruptcy. Chapter 13 bankruptcy requires to repay…Read more
Do I Have To Know Exactly How Much I Owe My Creditors To File Bankruptcy?
After a potential client comes into my office for a free consultation, it isn’t unusual to not hear from them for many months. There are several things that may keep someone from filing bankruptcy right away. As the option of last resort, they may want to wait as long as possible before filing. But one…Read more
Will The Bankruptcy Trustee Take Money Out Of My Bank Account?
One of the reasons that you should hire an attorney when you file bankruptcy is that an experienced lawyer can guide you through the process safely. One of the trademarks of a good attorney is her ability to explain the process to you in a way that you understand and her willingness to answer any…Read more
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