One of the most frequent questions I get as a Colorado Springs Bankruptcy Lawyer is “Will I qualify to file for bankruptcy?” Most of the confusion regarding who qualifies and who doesn’t is based on the so-called “reform” of the Bankruptcy Code back in 2005.  People come to my office, or call me on the phone, figuring […]

Today I’ll discuss the subject of “Preferences” and how, if you’re not careful, they can cause you and your family members great distress. In my practice as a Colorado Springs Bankruptcy Attorney, it’s not uncommon for my clients to owe family members money they’ve borrowed in order to try and make ends meet.  And, as long as […]

Today’s letter is “O” for “Obligations”. As a Colorado Springs Bankruptcy Attorney, it’s not unusual for me to meet with people who are genuinely upset that they are unable to keep up with the financial obligations owed to their creditors.  It’s extremely distressing when you’ve been paying your bills regularly for years, and then something […]

What is “Notice”?  What does it mean to give a Creditor “Notice” of your bankruptcy case? As a Colorado Springs Bankruptcy Attorney, I always advise my clients that they are required to list all of their creditors in their bankruptcy paperwork.  It is required under the provisions of the Bankruptcy Code.  The reason that all […]

Today I’ll talk about a subject that can cause debtors a lot of distress: The Meeting of Creditors. As a Colorado Springs Bankruptcy Attorney, it’s not unusual to find that most of my clients are somewhat apprehensive about the meeting of creditors, also known as the 341 meeting since it’s required under Section 341 of the […]

In my role as a Colorado Springs Bankruptcy Attorney, it’s pretty rare for me to meet people who are living a truly luxurious lifestyle. But, under the Bankruptcy Code, some pretty commonplace things like vacations or dining at restaurants might be considered “luxuries”. First let’s talk about what most people would consider to be luxuries: […]

In this post I’ll discuss one of the best reasons for people to file for bankruptcy:  their children, the “kids”. Oftentimes in my practice as a Colorado Springs Bankruptcy Attorney, I’ll meet with a couple who just don’t know what they should do about their overwhelming debt.  Should they file a Chapter 7 bankruptcy or […]

Today’s post will discuss what can be done about judgment liens. As a Colorado Springs Bankruptcy Attorney, it’s not unusual for me to meet with people who have had judgments entered against them.  Often these judgments have become liens on their real estate here in Colorado Springs. The effect of the lien is to give […]

As a Colorado Springs Bankruptcy Attorney I regularly meet with people who lack the necessary funds to even pay the $306.00 filing fee required to get their Chapter 7 bankruptcy case filed. In such cases, we’ll file an application “in forma pauperis” requesting a waiver of the filing fee. There are specific rules regarding when such […]

Today’s post will focus on the letter “H” as in “Homestead”. For me the word “homestead” conjures up images of brave souls venturing west to get their piece of America – becoming a “homesteader”. That’s a romantic vision of what is actually a very powerful legal concept. The law in Colorado encourages people to own […]