If you’re thinking about filing for bankruptcy here in Colorado Springs, you ought to think twice before using a credit card to buy expensive Christmas gifts. If you do use it, you could either end up stuck with the debt or not be able to file your Chapter 7 or Chapter 13 bankruptcy case when […]
As of November 1, 2011, it got just a little bit tougher to qualify to file a Chapter 7 Bankruptcy here in Colorado Springs and throughout the rest of Colorado. That’s because the median income here in Colorado once again dropped. So why should that make it tougher? Well back in 2005 Congress decided that […]
Usually, WHEN you file your Colorado Springs bankruptcy case doesn’t make much difference, but in certain cases it can make a HUGE difference in the relief you receive. As a Colorado Springs Bankruptcy Attorney, it’s not unusual for me to meet with potential clients who may be forced to start their cases immediately in order to stop a garnishment of their […]
I get a lot of calls from potential clients here in Colorado Springs looking to file for bankruptcy after judgments have already been entered against them. If that’s your situation, I’ll be happy to discuss it with you and we’ll do our best to get the judgments against you discharged. If, however, no judgments have […]
The SINGLE best reason for people in Southern Colorado to get advice from a Colorado Springs bankruptcy lawyer before selling their home is to save money, possibly a great deal of money. I’ll tell you ten ways to do so—three today and then the rest in my next couple of posts. 1. Avoiding judgment liens: […]
One of the worst ways to hurt one of your creditors is by being nice to him, her, or it. Specifically, if you pay a creditor more than you are paying to your other creditors before you file your bankruptcy, then that “favored” creditor may be required to give back that extra money so that […]
Both Chapter 7 and Chapter 13 stop a foreclosure of your home. One or the other COULD be better for you. Which one is it? Many considerations come into play when deciding whether a Chapter 7 or 13 bankruptcy will be the better path for you. If we focus only on the factors involved in […]
Both Chapter 7 and Chapter 13 can help you save your home. Which one is better for YOU? You’ve probably heard that filing a bankruptcy stops a foreclosure. You may have also heard that Chapter 13—the repayment version of bankruptcy—can be a good tool for saving your home in the long run. Both statements are […]
Does the recent increase in foreclosures signal the long-anticipated surge in defaults of adjustable-rate mortgages that were scheduled to reset their interest rates right about now? That’s a question that came to mind when I noticed the recent uptick in new home foreclosures. Option ARMs gave borrowers a choice of paying principal and interest, interest-only, […]
In August, mortgage lenders started so many home foreclosures that the month-to-month increase was the biggest since August of 2007. For nearly a year the number of foreclosures has been relatively low as lenders have reacted to an explosion of challenges to the legality of their mortgage and foreclosure practices. But this new surge in […]
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