Tag: Bankruptcy

What Not To Do If You Are Considering Bankruptcy

What Not To Do If You Are Considering Bankruptcy

What Not To Do If You Are Considering Bankruptcy Bankruptcy often sneaks up on people and they never even see it coming until it is too late. Usually, it begins with a manageable debt such as a credit card balance, mortgage, or a new car loan. Then something happens to reduce their income. Maybe it

Why Filing For Bankruptcy Can Be a Financially Savvy Move

Bankruptcy Can Be a Financially Savvy Move

Bankruptcy Can Be a Financially Savvy Move Bankruptcy Can Be a Financially Savvy Move. However, the mere mention of the word Bankruptcy causes some people to cringe or be uncomfortable. In our opinion, the word kind of gets a bad rap as it conjures up dreadful feelings of fear and shame. There are others though

Bankruptcy Chapters 7 & 13

The Difference Between Chapter 7 and Chapter 13

Bankruptcy Chapters 7 & 13, What Is The Difference? The short answer? Five years and a couple thousand dollars. But that’s not the end of the story. Chapter 7 cases are short (about 90 days from start to finish) and your debts are resolved by a trustee who looks at the things you own, and

Colorado Increases Bankruptcy Exemptions

Colorado Increases Bankruptcy Exemptions

Colorado Increases Bankruptcy Exemptions | The State of Colorado significantly raised the amount of home equity and personal property that Coloradans can exempt, protect, and keep during the bankruptcy process on April 7, 2022, when Governor Polis signed SB22-086 into law. Colorado Homestead Exemptions These amendments to the current Colorado Bankruptcy Exemption laws are sure