Denver Bankruptcy Attorney Blog

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

Written by Peter Milwid | Created: Aug 20th, 2014

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 […]

I Want to Buy A House: Will Chapter 7 Bankruptcy Help?

Written by Peter Milwid | Created: Jul 28th, 2014

Many people visit us after being turned down for a home loan. Their credit is just too bad. They are surprised because much of the debt is quite old and they feel they can afford a house based on their current income. The problem is that the debt doesn’t just go away and many collectors […]

Chapter 7 Bankruptcy and Foreclosures in Denver

Written by Peter Milwid | Created: Jan 30th, 2014

Foreclosures in Metro Denver were down 46% in 2013 according to The Denver Post. I feel this is because of rising house prices that allow a homeowner in trouble to sell their home easier than in the past, and that mortgage payments, while high, are often more reasonable than rent payments which continue to increase. […]