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15 Sep 2015
Experiencing a damaging credit event like a foreclosure, short sale or bankruptcy doesn’t mean you will never be eligible for a mortgage again.  As you prepare to buy your next home, take a look at this useful chart to see typical waiting periods before you can be approved for a mortgage.  If you experienced extenuating circumstances*, your wait time may be shorter than you think.  *Extenuating circumstances are temporary events that are beyond a borrower’s control, such as the loss of a job, medical bills or death of a wage earner. Divorce and the the inability to sell the house…
3248 times
16 May 2014
Filing for Chapter 7 bankruptcy can be stressful enough, but then your Colorado bankruptcy lawyer informs you that you must attend something called a "Meeting of Creditors" before your debts can be discharged? That might be enough to make you wonder what you got yourself into. Good news! There is no reason to fear this hearing when you have an experienced bankruptcy attorney by your side. What is a Meeting of Creditors? When you file for Chapter 7 bankruptcy, the meeting of creditors is a short court proceeding where the bankruptcy trustee and your creditors can ask you questions about…
3979 times
20 Jan 2014
This may be one of the most common questions I hear as a Colorado bankruptcy attorney, "Can I keep my house if I file Chapter 7?" But the answer isn't always so simple. In Colorado, keeping your home after Chapter 7 bankruptcy will depend on your answers to three questions. Do you really want to keep it? Do you have any equity in the home? And are you current on the payments? Deciding whether you want to keep your house may be difficult, but if you owe more than it is worth it might not be an asset worth saving.…
3236 times
22 Oct 2012
We've heard a lot in the course of our country's economic recession about how families have been affected: lost homes, lowered wages, unemployment, etc. Colorado Springs Chapter 7 bankruptcy lawyers understand that any one of these things can cause a great deal of financial strain, but it's even tougher when you're trying to cope alone. In fact, single people face more financial stresses than couples, according to a new report from the MetLife Mature Market Institute and the Society of Actuaries. In particular, women have an especially tough time when it comes to retirement savings. A big part of it…
3015 times
26 Sep 2012
Colorado Springs Chapter 7 bankruptcy lawyers know that anyone who has ever struggled with debt wants to ensure their children don't endure the same. While some debts are inevitable, establishing good spending and saving habits early on can save them a great deal of heartache later on. This is critical especially considering that a recent survey indicated that 12th graders were failing on basic, personal-finance literacy tests. (And only half of adults were able to get the right answers on basic questions about inflation and interest rates.) A number of federal and state initiatives in the last year have focused…
2686 times
21 Sep 2012
A Colorado Springs bankruptcy is generally the result of circumstances beyond one's control: divorce, lay-off, medical crisis, etc. However, our Colorado Springs Chapter 7 bankruptcy attorneys recognize that almost everyone can benefit from delving into their financial habits and breaking a few bad ones. This is especially important for people after they have had a bankruptcy discharge, as this will be key to re-establishing credit. Some of the biggest bad money habits include: Not having a budget. You will find it impossible to pay your bills in full, on time - not to mention put some away in savings -…
2919 times
23 Aug 2012
Colorado Springs chapter 7 bankruptcy lawyers know that if you're considering filing for bankruptcy protection, you are likely concerned about your assets. Many people wonder about every detail: What about the car? My antiques? My jewelry? The answer is somewhat complex because every situation is different. The best way to get a gauge on what you can protect and what you can't is to consult with an experienced bankruptcy attorney who can help you analyze your individual situation, along with the laws that apply uniquely to Colorado residents. That said, it's highly likely that your creditors aren't going to want…
2831 times

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 733 E. Costilla St., Suite A

     Colorado Springs, CO 80903

 Phone: (719) 520-0164

 Fax: (719) 520-0248