Most people strive to pay their bills on time and in full. Yet, disaster can strike. You can lose your job or simply overextend yourself. When that happens, digging out of the hole can range from difficult to outright impossible. Reasons like those are why nearly 400,000 people filed for bankruptcy in 2021 alone. Yet, even when…Read more
How Student Loans Can Help You Avoid The Means Test
Your Student Loans May Help You Qualify For Chapter 7 Bankruptcy If someone has to file bankruptcy, I generally prefer to be able to get them into a Chapter 7 instead of a Chapter 13. It’s over quickly (about four months) and allows them to begin rebuilding their financial life much sooner. I would never…Read more
Can Bankruptcy Eliminate A Debt For Overpayment Of A Public Benefit?
I can’t think of a more powerful, effective tool in eliminating overwhelming debt than the one provided in United States’ Bankruptcy Code. No tool will get a person on the road to financial recovery after they’ve been hit by unforeseen debt faster than bankruptcy. In fact, bankruptcy can be the answer to the question of…Read more
When Is A Property Settlement In Divorce A Non-Dischargeable Support Obligation In Bankruptcy?
Whether or not someone can get rid of a divorce-related property settlement agreement in bankruptcy seems like a simple question, doesn’t it? In bankruptcy, there is no such thing as simple. Whenever a potential client tells me they have a “simple” bankruptcy, I force myself not to laugh out loud. Bankruptcy is a minefield and…Read more
Keep More When You File Bankruptcy – Colorado Bankruptcy Exemptions Increase
2022 Colorado Bankruptcy Exemption Increase At the risk of making broad generalizations, I seem to meet with two groups of people during initial consultations: those who think that none of their personal belongings are protected when they file bankruptcy, and those who think that all of their personal belongings are protected when they file bankruptcy. The…Read more
5 Reasons You Should Not File Bankruptcy
By definition, bankruptcy is a way for people who have more debt than they can afford by giving them a fresh start. There are two types of bankruptcy, for individuals called chapter seven and chapter 13, which result in either liquidating assets to pay debts or creating a repayment plan. While bankruptcy is an…Read more
6 Ways Bankruptcy Can Help You Sleep Better At Night
If you’re thinking of filing bankruptcy, then you’re far from the only one. About 1.5 million Americans file bankruptcy every year! Although filing for bankruptcy may seem scary at first, it can actually be a lifesaver. By choosing to work with an attorney on the bankruptcy filing process, you can save yourself a ton of stress. So are…Read more
Should I Load Up On Debt Before I File Bankruptcy?
If you’re dealing with overwhelming debt, you may feel all alone. Isolated. Desperate for solutions. You’re not the only person struggling. Did you know that one out of eight Americans is in debt? And this number is only rising as more people are finding it hard to recover after the seemingly never-ending pandemic. During these…Read more
How A Secured Credit Card Can Help Rebuild Your Credit After You File Bankruptcy
Facing overwhelming medical bills or a job loss? Thinking about filing for bankruptcy? If so, you’re not alone. The number one reason why people file bankruptcy today is medical bills, followed by other reasons like job loss and unexpected emergencies. If you’ve had to file bankruptcy or think you might need to in the future, no doubt…Read more
What Happens To My Credit Score After I File Bankruptcy?
If you’re worried about how bankruptcy will affect your credit score, read on. In ancient Greece, defaulting on debt could mean risking your autonomy. “Debt bondage” was a form of enslavement whereby you could only resume your freedom once you paid off your debt. This debt could even be inherited from family members and passed down…Read more
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