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Colorado Springs Bankruptcy ABC’s: “P” is for “Preferences”

Today I’ll discuss the subject of “Preferences” and how, if you’re not careful, they can cause you and your family members great distress.
In my practice as a Colorado Springs Bankruptcy Attorney, it’s not uncommon for my clients to owe family members money they’ve borrowed in order to try and make ends meet.  And, as long as they … Read moreColorado Springs Bankruptcy ABC’s: “P” is for “Preferences”

Colorado Springs Bankruptcy ABC’s: “O” is for “Obligations”

Today’s letter is “O” for “Obligations”.
As a Colorado Springs Bankruptcy Attorney, it’s not unusual for me to meet with people who are genuinely upset that they are unable to keep up with the financial obligations owed to their creditors.  It’s extremely distressing when you’ve been paying your bills regularly for years, and then something bad … Read moreColorado Springs Bankruptcy ABC’s: “O” is for “Obligations”

Colorado Springs Bankruptcy ABC’s: “N” is for “Notice”

What is “Notice”?  What does it mean to give a Creditor “Notice” of your bankruptcy case?
As a Colorado Springs Bankruptcy Attorney, I always advise my clients that they are required to list all of their creditors in their bankruptcy paperwork.  It is required under the provisions of the Bankruptcy Code.  The reason that all of … Read moreColorado Springs Bankruptcy ABC’s: “N” is for “Notice”

Colorado Springs Bankruptcy ABC’s: “M” is for “Meeting of Creditors”

Today I’ll talk about a subject that can cause debtors a lot of distress: The Meeting of Creditors.
As a Colorado Springs Bankruptcy Attorney, it’s not unusual to find that most of my clients are somewhat apprehensive about the meeting of creditors, also known as the 341 meeting since it’s required under Section 341 of the Bankruptcy … Read moreColorado Springs Bankruptcy ABC’s: “M” is for “Meeting of Creditors”

Colorado Springs Bankruptcy ABC’s: “L” is for “Luxuries”

In my role as a Colorado Springs Bankruptcy Attorney, it’s pretty rare for me to meet people who are living a truly luxurious lifestyle. But, under the Bankruptcy Code, some pretty commonplace things like vacations or dining at restaurants might be considered “luxuries”.
First let’s talk about what most people would consider to be luxuries:  Jewelry. … Read moreColorado Springs Bankruptcy ABC’s: “L” is for “Luxuries”

Colorado Springs Bankruptcy ABC’s: “K” is for “Kids”

In this post I’ll discuss one of the best reasons for people to file for bankruptcy:  their children, the “kids”.
Oftentimes in my practice as a Colorado Springs Bankruptcy Attorney, I’ll meet with a couple who just don’t know what they should do about their overwhelming debt.  Should they file a Chapter 7 bankruptcy or not? … Read moreColorado Springs Bankruptcy ABC’s: “K” is for “Kids”