Keeping Jewelry When You File Bankruptcy In Colorado “How much jewelry can I keep when I file bankruptcy?” One of the biggest concerns people have when they file bankruptcy is that they’ll lose all of their property. Usually they’re not concerned with things like their televisions or computers or even their cars. They’re worried…Read more
What You Need To Know About Redeeming Property In Chapter 7 Bankruptcy
One of the things we’ll want to know when we prepare your bankruptcy petition is what secured debts you have. Secured debts involve loans where you have promised the lender they can take certain property if you stop making payments on the loan. Car loans and mortgages are typical secured debts, but department stores like…Read more
How Is Secured And Unsecured Debt Treated Differently When I File Bankruptcy?
When you file bankruptcy it’s important to know the difference between your secured and unsecured debt. Secured debt and unsecured debt may be treated differently, particularly if your are trying to keep the collateral, like a car or a home, which secures the debt. Secured Debt: A secured debt is a debt for which the…Read more
What Happens If My Ex-Spouse Files Bankruptcy?
Concerned about that notice in the mail that your ex-spouse filed bankruptcy? Before you panic, read the rest of this article to find out what happens if your ex-spouse files bankruptcy. More than once I’ve gotten calls from people in a panic because they just found out their ex-husband or ex-wife filed bankruptcy. They want…Read more
What It Means When A Creditor Files A Motion For Relief From The Automatic Stay
One of the primary reasons my clients turn to bankruptcy is because of the legal protection it provides from debt collection activities. The moment we file a petition, the court issues a protective order, also know as the “automatic stay” which prohibits creditors from taking any debt collection activity. They have to stop calling, writing,…Read more
“Common Bankruptcy Questions” Video Series – Part 2
How Can I Keep My Tax Refund When I File Bankruptcy? Should I Use My Credit Cards Before I File Bankruptcy? What Will Happen To My Home If I File Bankruptcy? Do I Have To Hire A Bankruptcy Attorney? What Is Medical Bankruptcy? Will Bankruptcy Get Rid Of All My Debts? What Is The Bankruptcy…Read more
Can I Keep My Guns If I File Bankruptcy?
Keeping Your Guns When You File Bankruptcy In Colorado Can you keep your guns if you file bankruptcy in Colorado? In most case, yes. Read on to learn more. Having grown up in Wyoming where it wasn’t uncommon to see people driving around with rifles mounted in gun racks in their pickups, I understand how…Read more
What You Should Know About Reaffirmation Agreements In Bankruptcy
When you file either Chapter 7 or Chapter 13 bankruptcy, you’ll list whether your debts are secured or unsecured. Secured debts are debts where you have promised certain collateral, or property, against a loan. If you default on the loan, the creditor can repossess or foreclose on that property. Car and home loans are usually…Read more
What Is The Deadline For A Creditor To Object To My Chapter 7 Bankruptcy?
While not typical, a creditor can object to having a debt discharged in Chapter 7 bankruptcy. One reason why a creditor might object is if you misled it when you applied for credit by, for example, misstating your income. Another potential objection is if you used your credit cards for luxury (non-essential) item within 90…Read more
Can I File Bankruptcy Without My Spouse If We Aren’t Living Together?
Thinking About Filing Bankruptcy Without Your Spouse? Yes, you can file bankruptcy without your spouse. The Bankruptcy Code doesn’t require married people to file together, but whether or not you are living together can mean the difference between filing Chapter 7 or Chapter 13 bankruptcy. If you are married and filing bankruptcy, either with or…Read more
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