Stop a Garnishment with Bankruptcy

Stop a Garnishment with Bankruptcy

On June 29, 2020, Colorado enacted a new law preventing a garnishment to help residents recover from the COVID-19 pandemic.  The law requires a creditor to notify a debtor that the garnishment can be temporarily suspended if the debtor is facing financial hardship as...

Why People are Filing Bankruptcy

If you are considering filing bankruptcy, you may be nervous that others will think you just went out and had a shopping spree at the mall and then decided to not pay your credit cards. For the majority of people filing bankruptcy, that scenario couldn’t be further...
Debt Problems – How Do You Know?

Debt Problems – How Do You Know?

How does one know if they have debt problems? Basically, there are two signs – the obvious signs and not-so-obvious. Obvious Signs of Debt Problems The obvious signs of debt problems are when you are starting to miss payments. You don’t have enough money to pay your...
Who Goes to the Bankruptcy Court?

Who Goes to the Bankruptcy Court?

You ever wonder about who files in the bankruptcy court to get out of debt.  We tend to think it’s people with very little money.  However, a few years ago, a widow found herself in bankrupty court due to her late husband’s business dealings. The assets that...

Why Filing Bankruptcy is OK

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...