Bankruptcy Planning

/Bankruptcy Planning

7 Things You Should Know Before Filing for Bankruptcy

2018-03-08T20:40:26+00:00

Every one of us knows a company that we’ve liked or enjoyed the services of that have gone bankrupt. Here’s a quick historical list of the 10 biggest American companies that have filed for Chapter 11 bankruptcy in the last two decades: American Airlines in 2011 (reformed under new management) Chrysler in 2009 (restructured) MF Global in 2011 (DOA) Conseco in 2002 (restructured) Enron in 2001 (DOA) CIT Group in 2009 (re-emerged) General Motors in 2009 (government bailout saved GM) WorldCom in 2002 (regrouped as MCI, later sold to Verizon) Washington Mutual in 2008 (JP Morgan bought up the remnants) [...]

7 Things You Should Know Before Filing for Bankruptcy 2018-03-08T20:40:26+00:00

Will I Lose My Home If I File for Bankruptcy?

2018-02-15T17:04:50+00:00

Not necessarily, as whether or not you can retain your home through a Colorado bankruptcy case will depend on a number of factors. Some of these include: Whether you take advantage of the Colorado homestead exemption The value of your home/property. Clarifying this answer a bit more, the following presents some of the most important facts to know about the Colorado homestead exemption for Chapter 7 bankruptcy cases. Although the information below is helpful, please feel free to contact an experienced Denver bankruptcy attorney at Garcia & Gonzales, P.C. when you need more specific information and insight regarding your debt [...]

Will I Lose My Home If I File for Bankruptcy? 2018-02-15T17:04:50+00:00

Bankruptcy Planning 101: 6 Things to Do before Filing for Bankruptcy

2018-02-15T17:09:35+00:00

When bankruptcy is your best option for resolving major debt issues, what you do in the planning phase – before you file your bankruptcy petition – can be critical to how smoothly your future case proceeds. It could also impact how your case ends up being resolved and how much money and time you have to spend to reach that resolution. To help people understand how to position their future bankruptcy case for success, the following are some of the most important steps to take during the planning stage: Take the bankruptcy means test – The bankruptcy means test is [...]

Bankruptcy Planning 101: 6 Things to Do before Filing for Bankruptcy 2018-02-15T17:09:35+00:00

What Is the Means Test for Bankruptcy?

2018-02-15T17:13:59+00:00

When people struggling with debt decide to pursue bankruptcy in Colorado for a financial fresh start, one of the things they will need to do before they can officially file their petition with the court is to take the means test. The bankruptcy means test is essentially a complex calculation that determines whether prospective bankruptcy petitioners quality for Chapter 7 bankruptcy. Those who “pass” the means test can pursue Chapter 7 bankruptcy in Colorado while “failures” mean that petitioners will have to pursue some other type of bankruptcy case, such as a Chapter 13 case. To shed some more light [...]

What Is the Means Test for Bankruptcy? 2018-02-15T17:13:59+00:00

Can I Get Rid of Student Loan Debt via Colorado Bankruptcy?

2018-02-15T17:57:52+00:00

No, bankruptcy will not eliminate student loan debt. However, you can get rid of a lot of other types of debt via Colorado bankruptcy, and that may free up funds to pay down or to pay off your student loans. Additionally, you may qualify for student loan forgiveness or other options, which could help you pull yourself out of debt and get the financial fresh start you need and deserve. We’ll explain this in more detail below… Debts that Are Dischargeable via Colorado Bankruptcy Although student loan debts are not dischargeable via Colorado bankruptcy cases, debts that can be eliminated [...]

Can I Get Rid of Student Loan Debt via Colorado Bankruptcy? 2018-02-15T17:57:52+00:00

How to Choose the Right Bankruptcy Lawyer for Your Debt Relief Needs

2018-02-15T18:07:58+00:00

When dealing with serious debt, having the help of an experienced professional – like a seasoned Colorado bankruptcy attorney – can make a big difference in how your debt issues are resolved – and what you financial outlook may be for the coming years. If you are facing serious debt, here are some of the things to look when you are ready to move forward with the help of a lawyer: Experience – The more experience a bankruptcy attorney has, the more insight (s)he can provide regarding different debt relief options (and the better options for you, given the specifics [...]

How to Choose the Right Bankruptcy Lawyer for Your Debt Relief Needs 2018-02-15T18:07:58+00:00

Colorado Homestead Exemption in Bankruptcy: FAQs

2018-02-15T18:22:37+00:00

Colorado bankruptcy exemptions allow the people who are pursuing bankruptcy to retain some of their assets through the process. While these bankruptcy exemptions can apply to various types of assets – including cash, personal property and even insurance policies, they can also protect people’s homes in some cases. To shed some light on the details of this exemption, below, we have answered some common questions about the homestead exemption in Colorado bankruptcy. Q – How much is the Colorado homestead exemption? A – A homeowner filing for bankruptcy in Colorado can exempt as much as $60,000 of his home (or [...]

Colorado Homestead Exemption in Bankruptcy: FAQs 2018-02-15T18:22:37+00:00

Bankruptcy Planning 101: 5 Steps to Take before Filing a Bankruptcy Petition

2018-02-15T18:23:40+00:00

Eliminating debt through bankruptcy can help people get their finances back on track. While bankruptcy is a process that can take months (or longer) to resolve, however, preparing to file for bankruptcy can also be a process. This is because there are some steps consumers have to take before their bankruptcy petition will be ready to file with – and acceptable to – the courts. How to Prepare to File for Bankruptcy in Colorado In general, the steps that should be taken before filing for bankruptcy in Colorado include (but may not be exclusive to, depending on an individual’s situation): [...]

Bankruptcy Planning 101: 5 Steps to Take before Filing a Bankruptcy Petition 2018-02-15T18:23:40+00:00

5 Questions to Ask a Bankruptcy Lawyer during an Initial Consult

2018-02-15T18:28:43+00:00

When you are ready to resolve serious debt issues, meeting with a bankruptcy attorney for an initial consult can be the best way to get answers about your options for moving forward. While this meeting can provide you with some insight regarding whether bankruptcy may be a viable debt relief solution for you, it can also serve as an opportunity for you to obtain other information that may be helpful for you in the future. To help you prepare, below are some of the more important questions to remember to ask as you get ready for a meeting with a [...]

5 Questions to Ask a Bankruptcy Lawyer during an Initial Consult 2018-02-15T18:28:43+00:00