You may want the fast fresh start of a Chapter 7 case, but sometimes your circumstances scream out for a Chapter 13 instead. It’s true—for some people Chapter 13 provides tremendous tools not available under Chapter 7. Now all you have to do is qualify for it. Qualifying for Chapter 13 is completely different than […]
Not everyone who wants to file a Chapter 7 “straight bankruptcy” can do so. But most can. There’s probably no topic that causes more confusion to people thinking about filing bankruptcy –do they qualify? Let me set the record straight. 1. Inaccurate publicity: Many people think it’s difficult to qualify for filing bankruptcy because of […]
Picking the right Chapter to use to file your bankruptcy case can be simple or very, very difficult. And appearances can be deceiving. First take a look at this video I recorded about the basic differences between Chapter 7 and Chapter 13. A situation that seems at first to call for an obvious choice can turn […]
Rich Americans are buying again. The rest of us—not so much. The difference between the sales figures at luxury stores as compared to middle- and low-end ones shows who is coming out of the “Great Recession” doing pretty well and who is not. An article in the business section of the New York Times a […]
In a word: Yes. The Bankruptcy Code doesn’t limit who can file for bankruptcy based upon whether they are a citizen or not. It allows any person who resides here, or has a domicile, place of business, or property in the United States to file for bankruptcy. 11 U.S.C. 109 There is no requirement that […]
As a bankruptcy attorney in Colorado Springs, I’ve found that a lot of people get pretty freaked out thinking about going to their Creditors Meeting. In order to reduce that anxiety, let me explain the purpose of the meeting and what generally happens at it: The Creditors Meeting is also commonly called the “Section 341 […]
Chapter 13 and Chapter 7 are both chapters of the Bankruptcy Code, otherwise known as Title 11 of the U.S. Code. They are the most commonly used chapters for people who are unable to pay all of their debts. The most basic differences between them: In a Chapter 7, you agree to give up your […]
It seems like such a good idea: Settle your debts, repair your credit, avoid bankruptcy! The ads are enticing: Save 50% of what you owe! Avoid Bankruptcy! Have 10K+ in debt? Cut Your Total Up To 70% & Be Free In 36 Months. Blah, blah, blah, . . . But do these companies work? In […]
Hiring a Bankruptcy Lawyer can be very confusing since there are so many lawyers claiming to be the “best” bankruptcy lawyer for you. So, how do you decide who to hire? Everybody is different. We all have our own likes and dislikes. When it comes to hiring a lawyer to help you with your bankruptcy […]
For a lot of people probably the scariest thing about filing for bankruptcy is the fear of losing everything they have: their house, their car, even their family pictures and baseball card collection. Well, in most cases, you don’t have to worry about losing all of your stuff, since most of it will be “exempt” […]
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