Bankruptcy

FAQs about Colorado Bankruptcy Exemptions

September 10, 2015

Bankruptcy exemptions allow people who are filing for bankruptcy (i.e., bankruptcy petitioners) protect and keep some of their personal property through their case. While some states allow petitioners to choose between whether they want to use federal or state bankruptcy exemptions, in Colorado, petitioners are required to use the state exemptions. Given the fact that…
Read More

5 Bankruptcy Mistakes to Avoid: What Can Hurt You in Bankruptcy

August 31, 2015

Bankruptcy is a viable debt relief solution that can give people a much-needed financial fresh start. When certain mistakes are made before or during bankruptcy, however, the benefits of bankruptcy can be lost, as people may sabotage their cases and be unable to obtain debt relief from the process. Below, we’ll point out some of…
Read More

4 Facts to Know about Credit Counseling for Bankruptcy

August 10, 2015

As people prepare to file for bankruptcy, one of the things they will need to do before filing the petition with the court will be to complete the credit counseling course. Below, we’ll point out some of the most important facts to know about the credit counseling requirement for bankruptcy. Important Info about Credit Counseling…
Read More

4 Steps to Take before Filing for Bankruptcy

July 20, 2015

When you have made the decision that filing for bankruptcy is the best way to resolve your debt issues, there are some things that will be important to do before you officially file your bankruptcy petition with the court. If you fail to take these steps before bankruptcy, you could complicate your case, setting yourself…
Read More

4 Signs It’s Time to Consider Filing for Bankruptcy

June 30, 2015

Financial stresses can plague people from time to time, but when these stresses don’t dissipate and they cause you to become financially overwhelmed, it may be time to consider some more formal debt relief options, including bankruptcy. Below are some of the more common signs that it may be time to reach out to an…
Read More

3 Facts to Know before Pursuing Debt Settlement

June 20, 2015

In light of our recent blog on the pros and cons of debt consolidation, now is a good time to take a look at another debt relief option – debt settlement. While debt settlement can help some people climb out of debt, it is important to understand the potential risks before proceeding in order to:…
Read More

The Pros & Cons of Debt Consolidation: Here’s What You Should Know

June 10, 2015

When shouldering a significant amount of debt, you may have various debt relief options, including debt consolidation. As with any option, however, it’s important to understand the possible benefits and drawbacks to determine if debt consolidation would be a good move for you. Pros of Debt Consolidation You may benefit from pursuing debt consolidation if…
Read More

Your Go-To Bankruptcy Glossary: Common Bankruptcy Terms Defined (Pt. 2)

May 18, 2015

Resuming Your Go-To Bankruptcy Glossary: Common Bankruptcy Terms Defined (Pt. 1), here, we’ll continue to define some more important bankruptcy terms. More Bankruptcy Terms Defined Discharge – The elimination of the personal liability for certain debts (i.e., dischargeable debts). When a debt is discharged through bankruptcy, a person is no longer responsible for repaying it….
Read More

Your Go-To Bankruptcy Glossary: Common Bankruptcy Terms Defined (Pt. 1)

May 8, 2015

This bankruptcy glossary provides straightforward definitions for some of the most common terms associated with the bankruptcy process. If you are considering filing for bankruptcy to relieve your debt issues, understanding the terms that we’ll define in this two-part blog series can help you start to develop a better sense of what the bankruptcy process…
Read More