Bankruptcy

/Bankruptcy

Why You Shouldn’t Ignore Debt Problems

2018-02-15T18:00:14+00:00

Managing debt is a part of many people’s lives. When that debt gets out of control and starts to become unmanageable, it may be enticing to try to ignore the issue, blindly hoping it will go away or resolve itself. The fact is, however, that debt does not just disappear. And ignoring it or pretending it doesn’t exist can come back to haunt you in a big way. What Happens When Debts Are Ignored The reason that ignoring debt issues can be so problematic is that it can give creditors or debt collectors the opportunity to move forward with more [...]

Why You Shouldn’t Ignore Debt Problems2018-02-15T18:00:14+00:00

4 Powerful Tips for Rebuilding Credit after Bankruptcy

2018-02-15T18:06:47+00:00

Colorado bankruptcy can be the first step towards resolving serious debt issues. After the bankruptcy process, however, there are additional steps that people may need to take in order to get their finances back on track and to avoid falling back into substantial debt again. And, in many cases, rebuilding credit is one of these steps. For those who are working improving their credit following a Colorado bankruptcy case, here are some powerful tips to keep in mind: Take out a few secured lines of credit – You have to have credit to be able to demonstrate that you can [...]

4 Powerful Tips for Rebuilding Credit after Bankruptcy2018-02-15T18:06:47+00:00

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

2019-02-19T22:10:06+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 Needs2019-02-19T22:10:06+00:00

What Creditors Can – and Cannot – Repossess

2018-02-15T18:08:59+00:00

Repossessing assets is one method creditors and debt collectors may use to try to compel borrowers to repay their debt – or to try to recoup on defaulted debt when repayment seems unlikely. When it comes to repossession, however, there are specific rules regarding what can and cannot be repossessed. Understanding the difference can be essential to protecting yourself and your assets – and to knowing when it may be time to take stronger action to stop repossession from happening. Items That Can Typically Be Repossessed Homes – Homes are typically purchased via secured mortgage loans. This means that, in [...]

What Creditors Can – and Cannot – Repossess2018-02-15T18:08:59+00:00

How Long Does a Chapter 7 Bankruptcy Case Take to Resolve in Colorado?

2018-02-15T18:14:04+00:00

The duration of Chapter 7 bankruptcy cases in Colorado varies, depending on the specifics of the case, such as the amount of assets that comprise the bankruptcy estate. In general, however, Chapter 7 cases in Colorado last between 3 to 6 months. Below is a simplified overview of what typically happens during these months, along with some of the things that can complicate these cases by prolonging them past 6 months. An Overview of the Chapter 7 Bankruptcy Process in Colorado The Chapter 7 bankruptcy process starts when someone files an official bankruptcy petition with a Colorado court. Before this [...]

How Long Does a Chapter 7 Bankruptcy Case Take to Resolve in Colorado?2018-02-15T18:14:04+00:00

5 Essential Tips for Getting Your Finances on Track in 2016

2018-02-15T18:18:43+00:00

The New Year is almost here. And while many people may be getting ready for this evening’s festivities, others may be making some longer-term plans to improve their life in 2016. For those who are focused on getting out of debt and improving their finances in the New Year, here are some essential tips for getting on track: Put yourself on a monthly budget – Figure out what you have to spend each month to cover your essentials (including living expenses and bills), as well as your maximum monthly spending limit. Be as detailed as necessary in putting together your [...]

5 Essential Tips for Getting Your Finances on Track in 20162018-02-15T18:18:43+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: FAQs2018-02-15T18:22:37+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 Petition2018-02-15T18:23:40+00:00

5 Myths about Chapter 7 Bankruptcy that You Should Not Believe

2018-02-15T18:26:16+00:00

Chapter 7 bankruptcy, or liquidation bankruptcy, can be an effective debt relief option. It is not for everyone, however, as there are some limitations regarding who can pursue a Chapter 7 case, as well as what a Chapter 7 case can do. To set the facts straight, below we have dispelled some of the most common misconceptions about Chapter 7 bankruptcy cases in Colorado. When you are ready to get answers about your best debt relief options, contact a Denver bankruptcy attorney at Garcia & Gonzales, P.C. Chapter 7 Bankruptcy Myths Debunked I can get rid of all of my [...]

5 Myths about Chapter 7 Bankruptcy that You Should Not Believe2018-02-15T18:26:16+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 Consult2018-02-15T18:28:43+00:00