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New Median Income Numbers For November 1, 2018

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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

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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

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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

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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

The Good Faith Requirement In Bankruptcy

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The list of companies which have availed themselves of the protection from creditors provided by the U.S. Bankruptcy Code includes two of the Big Three auto makers, several major airlines and, in the Great Recession of 2007-08, almost too many financial services companies to remember. Millions of individual debtors have also sought relief under Chapters…Read more

Can I Get Rid Of A Second Mortgage In A Chapter 7 Bankruptcy?

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While not as hard hit as Florida or California, Colorado was not unaffected by the bursting of the housing bubble in 2007 and 2008. As we approach the tenth anniversary of the greatest American financial crisis since the Great Depression, some Coloradans are still picking up the pieces. Many homeowners who sought a fresh start…Read more

Can I Keep Operating My Business If I File Bankruptcy?

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In a recent discussion on our blog about what can happen when one member of a multi-member limited liability company (LLC) files for bankruptcy, we noted the continued growth in the popularity of LLCs over the past several decades. This growth has not been limited to multi-owner businesses. Most state LLC laws recognize single member…Read more

What Happens If My Bankruptcy Discharge Is Revoked?

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When you entrust your bankruptcy case to us, you can be sure that we will use our many years of experience in Colorado bankruptcies to get you the best possible outcome. We will take the time to explain each step in the process and its significance. But when you file for bankruptcy protection, you agree…Read more

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