The simple answer is that a garnishment stops when a bankruptcy is filed. But there are many considerations that go into selecting when is the best time to file, and preparing and filing a bankruptcy, IN ORDER TO DO IT RIGHT, can sometimes take several weeks, depending on the situation. At Mile High Bankruptcy, we […]
This post is not based on specific statistics, but on my many years observing the cycles of the economy and their effects on people needing bankruptcies. Contrary to popular belief, bankruptcy filings do not necessarily go up or down with the economy. Sometimes, during good times, bankruptcies go up because there is more credit extended, […]
Older folks often face a different set of problems than younger people as they face retirement and often have limited or fixed incomes such as a pension or social security which is simply not enough to pay for their basic needs, and service any amount of debt. Many people do without the basics such as […]
Bankruptcy is a legal procedure for eliminating debts and granting people a fresh financial start. But I have noticed different age groups view bankruptcy differently, and the effects of bankruptcy can differ depending on your stage in life. I will thus be posting three separate blog posts that discuss what I have observed over the […]
The two most important qualities that must be established between a client and their bankruptcy lawyer are trust and communication. You need to understand Chapter 7, and feel comfortable with your lawyer, for the case to be a success. To assure these qualities, there must always be open communication between the lawyer and the client, […]
Bankruptcy consultations at Mile High Bankruptcy start with a phone conversation where Mr. Milwid asks a few simple questions about income and debts to see if someone needs our help and qualifies for chapter 7 bankruptcy. He also answers as many questions he can about bankruptcy to help clients, before they come in, to see […]
Bankruptcy can be a confusing process for clients, and sometimes people ask whether their chapter 7 bankruptcy will be “approved”, or whether their case may be “denied”. In general, an honest, well prepared case that meets the requirements of full disclosure and is accurately prepared will be approved and an order will enter from the […]
Many clients come to Mile High Bankruptcy in Denver, Colorado AFTER their paychecks are being garnished, having no idea where the garnishment came from. Often the garnishment is from a medical creditor, or an old repossession, or house foreclosure many years in the past. Often these clients don’t remember ever being sued or served court […]
If you file Chapter 7 Bankruptcy in Denver and are owed a large tax refund at the time of filing bankruptcy, you MAY have to turn the refund over to the Trustee to help pay your debts. However, any portion of your refund that is EARNED INCOME CREDIT or ADDITIONAL CHILD CREDIT is exempt (protected) […]
Bankruptcy is a Federal or national law that is available in all fifty states. If you move states, you must wait 90 days to file in the new location. You can therefore file bankruptcy in Colorado even if your debts are from another location. At Mile High Bankruptcy, we have many clients new to Colorado […]
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