If you have moved to Colorado within the last 90 days and are thinking about filing bankruptcy, you may have to postpone your filing. Rule 1408(1) of Title 28 of the United States Code states that a bankruptcy case may be commenced in the district in which: the domicile, residence, principal place of business in…Read more
Credit Loosening for Risky Borrowers
The New York Times is reporting that lenders are starting to loan money to people who are “high risk.” This means two things. First, if you have bad credit (and if you’re thinking about bankruptcy, I assume that’s the case), you’ll be able to find lenders who will loan you money to help you rebuild…Read more
Will My Employer Find Out if I File Bankruptcy?
Unlike your creditors, your employer will not get a notice of your bankruptcy case. However, bankruptcy is a public proceeding, which means that members of the public who are not a party to your bankruptcy can look at your bankruptcy case. They can usually do this online, using the PACER system. The question is why…Read more
What is an Emergency Bankruptcy Filing?
Filing bankruptcy can sometimes involve a long planning process that involves carefully going through your finances, answering dozens of questions, and even taking a credit counseling class. Depending on your attorney’s workload, it can take several weeks to prepare your petition for filing. Sometimes, you don’t have that kind of time. Like when a foreclosure…Read more
Michael Vick is the Latest Celebrity to Declare Bankruptcy
If you’ve been reading my blog, you know that people from all walks of life have had to file bankruptcy, including some very famous ones. Michael Vick, of NFL and dog fighting fame, is just the latest celebrity to take advantage of the personal reorganization available through Chapter 13. The part of the story that…Read more
What is the Statute of Limitations on Collecting a Debt in Colorado?
Colorado Statute Of Limitations For Debt Worried about the Colorado statute of limitations for debt? Let me tell you a story. Today I got a call from a panicked single mother. She had just gotten off the phone with someone who claimed she owed money to for an apartment she had to move out of…Read more
Thinking About Filing Bankruptcy After You’ve Retired?
Retirement should be a time in your life when things are easy: vacations, spending time with grandkids, and getting to all of those things you put off during your earning years. Unfortunately, for many retirees, that isn’t the case. With their limited income and increased expenses for health care, more retirees are turning to bankruptcy…Read more
Filing Bankruptcy is Not the Time You Want to Learn Your Spouse’s Secrets
One of the things that I like about being a bankruptcy attorney is the people meet and the stories I get to hear. Sometimes, those stories are cautionary tales. The other day I was doing a petition signing with one of my clients. She’s an older woman, almost near retirement age, in fact. She’s married,…Read more
Can I Eliminate Homeowner’s Association (HOA) Dues In A Chapter 7 Bankruptcy?
Getting Rid Of HOA Dues By Filing Bankruptcy A Chapter 7 bankruptcy will eliminate most, if not all, of your debts. Unfortunately, there are some exceptions, and in the case of homeowner’s association (HOA) dues things get a little complicated. Section 523(a)(16) of the Bankruptcy Code provides that HOA dues that arise after you file…Read more
Police Officer Charged with Bankruptcy Fraud
A Louisville, Kentucky man – who also happens to be a police officer – was arrested and charged with bankruptcy fraud. Specifically, he is being charged with falsifying a judge’s order. He is “accused of taking an authorization from a federal judge in July that allowed him to seek a line of credit of $18,200…Read more
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