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 […]
A Fresh Start for All of Us in 2021!! Unless you had a new baby or got married or had some other event of beauty and good fortune, I think we can all agree that 2020 was a challenging and pretty terrible year. The devastating virus, the shutdowns, layoffs, and inconsistent and ever changing school […]
As we all know, Denver’s population has exploded in recent years. Many people arrive here seeking a better life, but often have debts from the past that they do not want to follow them to their new home. Bankruptcy law is a Federal law meaning it is available in any state. A few rules do […]
Towards the end of the year we have observed that collection action increases as collection agencies and banks work to meet year-end collection quotas. This is especially hard on folks with families who are trying to get by and enjoy the holidays but who are getting increased calls and pressure from creditors. Hiring a Denver […]
I am writing this on the Fourth of July, a great holiday celebrating our country’s independence, and see the language of independence and freedom as words we use every day in our law practice—bankruptcy results in freedom from debt and a new life of independence from the pain and burden of financial troubles. So, just […]
I have noticed over the years that one of the greatest benefits of chapter 7 bankruptcy for those whose income is based on commission sales, or who are self employed, is the release of the tension involved with crushing debt, and the corresponding freedom people feel to go out and make more money. This is […]
On July 1, 2015, the Colorado Exemption laws were changed to increase the dollar amount of much of the property a person can protect when filing a Chapter 7 Bankruptcy. This is very good news as these amounts have not been increased in many years, despite inflation and the rising value of real estate. Perhaps […]
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 […]
Many divorces are partially caused by money problems. We at Mile High Bankruptcy believe that it is often best to file Chapter 7 bankruptcy together before the divorce to remove the arguments over who pays which debts from the divorce, so the parties can concentrate on important issues such as property settlements and issues related […]
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. […]
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