Denver Bankruptcy Attorney Blog

Booming Economy Puts the Squeeze on the Middle Class

CHAPTER 7 CAN PROVIDE RELIEF. I wrote a few weeks ago about rising rents and costs in the supposedly improving economy. Yes, certain indicators show things are improving, but PRICES are not keeping up with costs, and increased debt loads for working families are squeezing people harder than ever before. Yesterday, the stock market hit […]

Bankruptcy Relief: Consumer Debt Rising to Record Levels Again

Consumer debt increased in America for the third straight quarter up to an astonishing $11.52 trillion. Credit card debt alone rose $28 billion in the second quarter alone. Spending is up. He stock market is up. And many economists say this is because the economy is growing and people are confident and therefore spending more. […]

Bankruptcy Can Help People with Large Student Loans Buy a House

The Denver Post published an article on August 17, 2014 noting that large student loan debt is preventing many prospective first time homebuyers from buying a house. When the bank reviews an application with high student loans, they reject it because the debt to income ratio is too high. If a person has a car […]

Why Are People Afraid to Call a Bankruptcy Lawyer When Drowning in Debt?

People are afraid of bankruptcy. They think they have done something wrong and they will be punished. They worry that they will be embarrassed, that someone will come and take their things, that the process will be painful and disturbing. So they wait years sometimes, suffering with crushing debt, before finally calling a lawyer and […]

Rising Home Prices Cause Careful Review of Home Equity in Chapter 7 Bankruptcy

When you file Chapter 7 Bankruptcy, your home equity is protected under the homestead exemption, which is a law that protects your home. The amount protected in Colorado is $60,000, or $90,000 if you are over 60 or are disabled. Since values were flat after 2008, and most folks had little or no equity in […]

Collection Agencies and Collection Lawyers in Denver Garnish Bank Accounts

One terrible surprise for clients is when they wake up and find all their money in the bank has been garnished by a Denver or Colorado collection lawyer or collection agency. People are also scared that this will happen because of threats by these parties. Sometimes these threats are real, and sometimes they are exaggerated […]

Can Divorce Cause Bankruptcy?

Over the next few weeks, I will be blogging about the causes of bankruptcy for individuals and couples, and how these life problems can be helped by the filing. There is much fear and guilt associated with chapter 7 or any form of bankruptcy, but it in understanding the causes, which are often beyond someone‚Äôs […]