It has been estimated by CNN that over 60% of bankruptcies are caused by medical problems and medical bills. My experience as bankruptcy attorney in Denver for many years is that along with credit card debt, divorce and job loss, medical problems are definitely the number one cause of chapter 7 bankruptcy filings. In fact, […]
Denver Bankruptcy Attorney Blog
In my many years as a Denver Bankruptcy Lawyer, I have heard the above questions from good, honest people who are frightened they might lose their car or home if they file bankruptcy, and wonder if they should transfer these assets to a relative or friend to protect them before they file. THE ANSWER IS […]
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 […]
Can they take my social security? My pension? My Disability? Many seniors are VERY fearful of bankruptcy. They come from a generation where bankruptcy was not as common as it is today. They have heard horror stories from the past of friends or relatives who went through bankruptcy years ago and lost everything. In general, […]
One of the most common questions we hear as Chapter 7 bankruptcy lawyers is whether a person can file bankruptcy without their spouse. The simple answer is “yes”, but there are certain considerations. First, our goal at Mile High Bankruptcy is to fix the financial problems of the entire family. If your debts are joint […]
Many people looking for a Denver Bankruptcy attorney are afraid to come downtown. They fear the one-way streets, the highways, AND the parking headaches. But people know that sometimes the best attorneys can be found downtown because of the close proximity to the bankruptcy Court. Over the years practicing bankruptcy law in Denver, we have […]
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 […]
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 […]