Denver Bankruptcy Attorney Blog

What Does Chapter 7 Bankruptcy Really Cost in Denver, Colorado?

The issue of attorney’s fees is an important and confusing issue for folks facing bankruptcy.  Obviously a person is looking for the cheapest price, especially when hurting for money, but bankruptcy is a complex and technical process and cannot be done without careful time-consuming analysis. This makes “cheap” bankruptcies dangerous.  The old adages “You don’t […]

The Effect of Omicron Variant on Bankruptcy Clients

The recent surge in Covid spurred by the Omicron Variant has hit bankruptcy clients particularly hard.  I have seen over the last few weeks many people postpone meetings and filings because they or a loved one has been hit with this horrible disease. This has meant lost work and income for folks already struggling with […]

How Long Does A Chapter 7 Bankruptcy Take to Complete? 

There are two parts to answering this question: the time necessary to prepare and file the paperwork for the case; and the actual processing time by the Court. Before Filing A bankruptcy case involves a lot of paperwork that must be carefully prepared so the case proceeds smoothly through the courts.  At Mile High Bankruptcy, […]

Chapter 7 Bankruptcy Is about Hope, Not Despair

People who come to see me are often scared and depressed.  Not necessarily clinically depressed requiring therapy or medication, but just plain bummed out that they are in such a mess financially, and very, very worried about the future, as we all are during this pandemic. They are also scared and confused and overwhelmed about […]

The 341 Meeting of Creditors

When you file Chapter 7 Bankruptcy, you must attend a “meeting of creditors” approximately 30 days after filing. This used to be conducted in person at the trustee’s office, but because of COVID, these meeting are conducted for the time being by phone from the attorney’s office. People are often scared when they hear about […]

Teach Your Kids about Life And Money

Many clients come to me in their twenties and thirties who have debt problems that stretch back to when they were 18 or younger. They have felt frightened and embarrassed for years carrying this debt and, finally, the debt collectors have come and are suing them, and it is time to do a Chapter 7 […]

Can I Keep My Car in A Chapter 7 Bankruptcy? Update

If you want to, in general, yes. If you own a car-free and clear, the exemption laws (the laws that protect people’s basic property) allow you to keep up to two cars with a value of $7,500, or $10,500 if you are over 60 or disabled. If it is a joint case, you can double […]

When Can I Borrow Money Again after Bankruptcy?

The short answer is “right away”. The first physical manifestation of filing bankruptcy is that you will be inundated with junk mail from car dealers all over the state, and credit cards all over the country offering you new credit. To most clients, this makes no sense. “I just filed bankruptcy! How can they offer […]

Stimulus Checks, The Pandemic, And Chapter 7 Bankruptcy Lawyers Fees

Stimulus Checks and Chapter 7 Bankruptcy in Colorado Finally! the Relief bill was signed into law and Stimulus checks have begun to be paid to many in need. People ask me if the stimulus money will be taken in bankruptcy, and it will not. The United States Trustee’s position is that these funds are benefits […]

Chapter 7 Bankruptcy Versus Chapter 13 Bankruptcy: What Is The Difference?

The Differences between Chapter 7 and Chapter 13 Bankruptcy in Colorado This blog post will outline the differences between these two bankruptcy options. It is in no way a complete analysis, but rather a short overview. If you are confused and want further explanation of these options, feel free to call me, Peter Milwid, at […]

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