Bankruptcy Blog

5 Signs It’s Time to Consider Bankruptcy

January 31, 2016

Dealing with debt is a common part of life for many people over the course of a lifetime. When debt becomes overwhelming and doesn’t go away, however, taking more aggressive action with the help of a professional may be necessary. And one of these actions could be filing for bankruptcy. If you have been considering…
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4 Red Flags of Debt Relief Scams

January 20, 2016

Each year, at least 4 million Americans are the victims of debt relief scams – including credit repair scams, mortgage relief scams, and other debt relief scams.1 While being scammed can be maddening to anyone, it can be incredibly damaging for those who are already struggling with serious debt. To help you avoid being victimized…
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5 Questions to Ask a Bankruptcy Lawyer in an Initial Consultation

January 10, 2016

Meeting with a bankruptcy attorney for an initial consultation can help you determine your best debt relief options. It can also help you figure out whether a particular attorney is the right person to assist and represent you moving forward as you pursue debt relief. To help you make the most of your consult, here…
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How to Stop Living Paycheck to Paycheck in 2016

December 31, 2015

The New Year is almost here. While you may have a lot of resolutions for 2016, if even one of them includes improving your financial situation, here are a handful of things you can do to start achieving this goal – and stop living paycheck to paycheck in the New Year. Essential Tips for Improving…
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What Is the Automatic Stay in Colorado Bankruptcy?

December 20, 2015

The automatic stay in Colorado bankruptcy is a court injunction that takes effect as soon as someone files a bankruptcy petition with the court. This stay can provide bankruptcy petitioners with some very powerful protections, and understanding how it works and what it can do can be essential to successfully resolving serious debt issues. The…
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Top 5 Reasons People File for Bankruptcy

December 10, 2015

Bankruptcy can help people resolve serious debt issues by providing them with a financial fresh start. Although some people may need to pursue bankruptcy because they are not good at managing money, surprisingly, a significant number of bankruptcy cases in the U.S. are unrelated to fiscal irresponsibility. In other words, people who are careful with…
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4 Holiday Shopping Mistakes to Avoid This Year: How to Protect Your Bottom Line & Your Credit

November 30, 2015

The holidays are here, and for millions of Americans, that means busting out the credit cards and buying gifts for all of their loved ones. While this generous spirit is admirable, it can get some people into financial trouble, especially if they have been struggling with debt in the months leading up to the Christmas…
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4 Things to Avoid Doing before You File for Bankruptcy

November 20, 2015

When you are ready to file for bankruptcy, you will have to take certain steps first – like completing the credit counseling requirement – in order for your case to be accepted by the court (and, consequently, obtain the debt relief you are seeking). If, however, you make any of the following bankruptcy mistakes prior…
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Approved Credit Counseling Agencies in Colorado

November 10, 2015

Before a court will accept a bankruptcy petition, an individual filing for bankruptcy will have to fulfill the credit counseling requirement. This essentially involves completing an online or in-person program within 180 days of filing for bankruptcy. And in order for the court to accept the completion of this requirement, the course must be taken…
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FAQs about Nondischargeable Debts in Bankruptcy

October 31, 2015

Bankruptcy can be an effective way to get rid of a lot of debt. Not all debts, however, can be eliminated through bankruptcy, and we’ll reveal more about just what those nondischargeable debts are in the following answers. Important Answers about Debts that Can’t Be Discharged via Bankruptcy Q: When is debt nonchargeable in a…
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