For most folks, credit improves after bankruptcy for a very practical reason—you no longer have debts and future creditors can consider your ability to repay (job security, stability of income, security, etc.), rather than worrying about whether you can pay the new debt because of past bills. Car loans and secured credit cards are fairly […]
Denver Bankruptcy Attorney Blog
Collection agencies and collection lawyers often increase their efforts to collect debts at year end. The pressure to deal with increased calls and threats AND the pressure to deal with the holidays can be very overwhelming and depressing. Why not give yourself a break if this is happening to you and contact Mile High Bankruptcy […]
In my practice as a Denver bankruptcy lawyer, most cases involve a variety of debts, and in recent times where expenses are up and pay checks are tight, more and more cases also include bad checks and payday loans. In general, bad checks are cancelled in bankruptcy. THIS INCLUDES PAYDAY LOANS! There are certain issues […]
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’s […]
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 […]
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 […]
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 […]
In general, chapter 7 bankruptcy cancels all personal and business debts owed by an individual including without limitation credit cards, medical bills, personal loans, repossessions, landlords, lawsuits, mortgages and car loans. However, if a person wants to keep their house or car, they must pay on the lien to keep the property even though the […]