Denver Bankruptcy Attorney Blog

What Is The Difference Between Chapter 7 and Chapter 13 Bankruptcy?

Written by Peter Milwid | Created: Dec 28th, 2013

Chapter 7 Bankruptcy is a straight forward procedure for eliminating past debts. It generally eliminates all debts except taxes, student loans, child support, and criminal fines and penalties, and is processed and completed relatively quickly. Chapter 13 Bankruptcy is a payment plan that lasts three to five years. Debts are repaid in whole or in […]

Facing Your Fears and Defeating Your Debts Through Bankruptcy

Written by Peter Milwid | Created: Feb 6th, 2012

During a recession, people from all types of economic backgrounds are forced to consider bankruptcy as a realistic option. The thought of having to file for bankruptcy often invokes feelings such as failure, irresponsibility, guilt and regret. While at first people may focus on the doom and gloom of their financial outlook after a bankruptcy, […]

Generation Y Meets the Great Recession: Is Bankruptcy an Option for Young Adults?

Written by Peter Milwid | Created: Feb 6th, 2012

Many members of Generation Y – people born from the early 1980s up to the millennium – are facing financial challenges as they reach adulthood that their baby boomer parents never imagined. Having come of age at a time when credit was readily available and the economy expanded and diversified all on its own, they […]

Report Offers Denver A Glimmer of Hope, But Economic Struggles Persist

Written by Peter Milwid | Created: Feb 6th, 2012

According to the latest Mountain Monitor report from Brookings Mountain West, the Denver area’s gross metropolitan product (meaning the value of all of its produced goods and services) has almost returned to pre-recession levels. In the second quarter of this year, the gross metropolitan product was just .1 percent lower than its highest levels before […]

What Bankruptcy Will Not do for You

Written by Peter Milwid | Created: Feb 6th, 2012

Boulder Chapter 7 and Chapter 13 Bankruptcy Lawyers While bankruptcy is an effective means for discharging or restructuring your debt, secured debts and certain financial obligations are unaffected by bankruptcy. Understanding what debts you are still responsible for and what legal obligations you have after bankruptcy is important for avoiding future legal complications. Chapter 7 […]