by Colorado Debt Help | Nov 30, 2020 | bankruptcy
Filing bankruptcy can seem like a poor decision or a sign of failure. However, struggling with debt is frustrating and looking for solutions is confusing. Bankruptcy is a way to eliminate debt and rebuild one’s financial life. Some people think filing bankruptcy is...
by Colorado Debt Help | Nov 23, 2020 | bankruptcy
There are several types of bankruptcy to help you get out of debt. Each bankruptcy has different purposes, requirements, and ramifications. Here is a brief description of the different types of bankruptcy: Chapter 13 Chapter 13 bankruptcy allows an individual to pay...
by Colorado Debt Help | Nov 18, 2020 | bankruptcy
What is bankruptcy? Bankruptcy is a word we all have heard, but many people don’t know exactly what it means. For instance, their only reference point may be “going bankrupt” in the Monopoly game. What is bankruptcy in Monopoly? Bankruptcy in Monopoly means you are...
by Colorado Debt Help | Nov 9, 2020 | bankruptcy
Getting out of debt is becoming a big issue for many people. In May 2020, US consumer debt hit a new record of $14.3 trillion dollars. Yes, that’s TRILLION, not billion or million. For some people their level of debt is manageable. However, for many...
by Colorado Debt Help | Nov 2, 2020 | bankruptcy
Many people are aware of bankruptcy chapter 13, but there are different types of bankruptcies. Knowing which one to choose can be difficult. Should you choose chapter 13, chapter 7, or chapter 11? As with any bankruptcy issue, the answer depends on your situation. ...
by Colorado Debt Help | Oct 26, 2020 | bankruptcy
Bankruptcy is a confusing subject for many of us. Many Colorado Debt Help clients ask, “If I file Chapter 7 bankruptcy, will I be able to rebuild my credit?” The answer is, “Yes!” A Chapter 7 bankruptcy may be an option for you if you have a lot of unsecured debt,...
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