Treatment of Fraudulent Debts in Bankruptcy We have written in a previous article about the risk of revocation of a bankruptcy discharge if the debtor is found to have committed bankruptcy fraud. The most frequent type involves the debtor’s deliberate hiding of assets or filing bankruptcy forms that contain willfully false information or are intentionally…Read more
New Law Allows Veterans To Exclude Disability Benefits On Bankruptcy Means Test
According to the most recent 2018 Veterans Administration Benefits Report, 5.2 million veterans and dependents receive some type of VA disability or survivors benefits. The average annual payment of between $12,000 and $17,000 is considered poverty level income for a family of two or more. Small wonder then that the percentage of veterans filing for…Read more
Can I Pay Off My Chapter 13 Plan Early?
Chapter 13 is a different legal animal. It is a powerful tool that can help you reorganize your debts and help you break free of overwhelming debt. But it also very complex, with several factors that determine how much you’ll have to pay your unsecured creditors and how long you’ll have to make payments. It…Read more
Can I File Chapter 7 Bankruptcy If I Want To Keep My Home?
My job is to help you get rid of as much debt as possible, in the shortest amount of time possible, and to make sure you keep as much of your assets as possible. That means that, even if you own a home, I am going to advise you to file chapter 7 bankruptcy as…Read more
Podcast: How Can Bankruptcy Help Me?
Listen to today’s podcast to learn more about the benefits of bankruptcy, and how it can help you get a fresh financial start.Read more
Can I Get Rid Of A Commercial Lease If I File Bankruptcy?
Eliminating A Commercial Lease With Personal Bankruptcy One of the common reasons that people come in to see me is to deal with a business that they can no longer sustain. Oftentimes, they have taken on credit card debt or unsecured loans to help them pay business expenses because the business isn’t pulling in enough…Read more
New Median Income Numbers For November 1, 2018
Every six months or so the United States Census Bureau issues new information for the median income in each state. As of November 1, 2018, the median income for Colorado is as follows: Household size: 1 – $61,005 Household size: 2 – $77,762 Household size: 3 – $85,243 Household size: 4 – $102,233 For every…Read more
How To Avoid Bankruptcy: Don’t Co-Sign For A Loan
No good deed goes unpunished. As a bankruptcy lawyer, no cliche rings more true. That money you repaid to your parents they loaned you to fix your car? If you file bankruptcy, that can be a problem (and a subject for another article). And other good acts can cause you heartache and land you in…Read more
Homestead Improvements and the Homestead Exemption
Real estate experts often advise homeowners that, when it comes to increasing a home’s value not all improvements are created equal. According to HGTV.com, a home seller can often recoup 100 percent of the cost of a “minor” bathroom or kitchen remodel. In contrast, only about half the cost of a deck addition will be…Read more
Don’t Fall For “Tax Relief” Scams
Among the quarter million or so hits that Google returns for the search “tax relief” are thousands for so-called “tax relief” companies. During tax season, their ads are a staple of prime time television. To an individual who owes the Internal Revenue Service a significant amount in taxes, penalties and fees, these companies pitches sound…Read more
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