Bankruptcy

It may seem like an oxymoron to discuss the “benefits” of bankruptcy, but the reality is that in some cases, bankruptcy can be the second chance that you or someone needs to get back on their feet financially. Unlike bankruptcies from a century ago, bankruptcies of...

For many facing a looming crisis with debts, bankruptcy can represent a lifeboat that can help them stay afloat and have enough time to reorganize or negotiate with creditors. Bankruptcy also allows debtors to discharge (or be forgiven) certain debts thus helping them...

CORRECTION!!  This blog contained out of date information and has been corrected.  The exemptions for homestead in Colorado have been increased and currently are $75,000 (or $105,000 if the home is occupied by a debtor who is disabled or over 60 years old). There are...

Many people assume that they will lose everything they own if they file for bankruptcy, including their home. This is a common misconception that is in many cases untrue. Regardless of whether you file a Chapter 7 or Chapter 13 bankruptcy, you will often be able to...

There is no way around it—filing for bankruptcy will almost certainly leave you with a big, black mark on your credit report. However, your overall credit profile determines the kind of impact that bankruptcy will have on the credit report. Despite the fact that it...

If you are in some sort of financial distress, and unable to pay your debts, there is a good chance bankruptcy could be the best possible remedy available to you. Unfortunately, most people harbor a negative stigma regarding bankruptcy simply because they do not truly...