You may reach a point where your debt feels heavier than anything you can manage and you start wondering what kind of reset might help you move forward. Many people in Colorado look at Chapter 7 and Chapter 13 bankruptcy as possible paths when other options feel out...
Empathy And Experience In Bankruptcy, Family Law And Estate Planning
Chapter 7 and Chapter 13 Bankruptcy
Making informed choices about bankruptcy in Colorado
Financial problems can quickly become overwhelming. Bills stack up and interest grows. Collection calls never seem to stop. For many Coloradans, bankruptcy becomes a serious option to regain control. Understanding what bankruptcy involves and how it affects your...
How long does it take to complete a Chapter 13 bankruptcy?
When debts become overwhelming, people often have to make difficult choices. They may need to rework the household budget and make major sacrifices regarding their standard of living. Sometimes, even aggressive changes to financial habits can’t help people pay down...
Bankruptcy basics: What you need to know
Bankruptcy helps people and businesses struggling with overwhelming debt. It provides a legal way to get relief by either eliminating debt or creating a repayment plan. The two most common types for individuals are Chapter 7 and Chapter 13 bankruptcy. Chapter 7 allows...
Chapter 7 Vs Chapter 13 bankruptcy: Which path is right for you?
Filing for bankruptcy is a significant decision. It provides a fresh financial start for those struggling with overwhelming debt. Two of the most common bankruptcy options are Chapter 7 and Chapter 13. Each serves a unique purpose and fits different financial...
What steps help rebuild credit after bankruptcy?
Bankruptcy can feel like a huge setback, but it doesn't have to define the future. Many individuals face financial challenges, and bankruptcy offers a fresh start. Rebuilding credit after bankruptcy takes time and effort, but it is achievable with the right approach....
Making a recovery when divorce leads to bankruptcy
Marriage dissolution often leads to significant financial strain. When two incomes become one, or when assets become divided, the financial impact can be overwhelming. In some cases, divorce may even lead to bankruptcy. The situation is particularly challenging in...
Filing for Chapter 7 bankruptcy: Do you qualify?
Filing for Chapter 7 bankruptcy in Colorado can provide a fresh start by liquidating your debts. However, there are specific qualifications you must meet to be eligible. Income requirements To qualify for Chapter 7 bankruptcy, your income must be below the median...
Should you use a credit card to rebuild credit?
The District of Colorado Bankruptcy Court reported 8,512 Chapter 7 and 2,463 Chapter 13 filings in 2022. Bankruptcy can be a blessing when you find yourself in a precarious financial situation. After the discharge of your case, rebuilding credit is an important step...
How much does it cost to file for bankruptcy in Colorado?
For many individuals dealing with debt beyond their means, bankruptcy can be a path to relief and a fresh start. While there is no shame in filing for bankruptcy when doing so becomes necessary, it remains the case that the fees associated with bankruptcy can be a...