By jamestanest | Published June 13, 2017 | Posted in Uncategorized |
In corporate bankruptcy cases, individual stockholders are protected from vulnerability, but if you are the sole owner of a small business, be aware that your personal assets may be vulnerable, as well as your business concerns. If you can foresee a successful turnabout for the future of your business, chapter 11 is your best option, Read More
Read MoreWhen you file for bankruptcy, your creditors are put on hold. That is, they are restricted by law from trying to contact you in any way. But, secured creditors are in a fairly good position. A Parker CO bankruptcy attorney will tell you that the secured creditor will always take precedence over the unsecured, when Read More
Read MoreSome debt can never be discharged under bankruptcy law, no matter what chapter you file under. Any existing, or overdue child support payments will not be forgiven. Alimony, and government tax debt are also on the list. Student loans can be a real burden, but unless you can prove that the debt is an “undue Read More
Read MoreThere are numerous laws that govern the bankruptcy process. There are also some common sense decisions to make, and mistakes to keep from making. Borrowing to get out of debt is never a good idea. If you borrow from family for instance, and you wind up in bankruptcy court anyway, you will have to pay Read More
Read MoreWhen considering whether or not to file for bankruptcy, do yourself, and your family, a favor, and get some professional advice from an experienced Aurora CO bankruptcy lawyer. Bankruptcy is a last resort choice. It can have long-lasting repercussions, such as difficulty in getting future loans, lowering your credit score, and it will be a Read More
Read MoreFederal bankruptcy laws prohibit potential employers, and government licensing bureaus from discriminating against a person who has filed for bankruptcy. If for instance, your boss finds out that you are in the midst of proceedings with your Douglas county bankruptcy lawyer, he would be breaking the law if he tried to terminate your employment because Read More
Read MoreIn Bankruptcy, certain assets of the debtor will be “discharged,” meaning that he/she will be relieved from the responsibility for the debt. Once a debt is discharged, creditors are prohibited from any legal action, or personal contact to recover that debt. There are some debts that generally are not eligible for discharge – child support, Read More
Read MoreThe Colorado homestead exemption is up to $60,000 – $90,000 if an owner is disabled, or sixty years of age, or older. So, if you file for bankruptcy in the state, you will be able to keep your home if you owe less than the exempted amount on the mortgage. If you owe more than Read More
Read MoreShould you file? Is there another way out? What outcome can you expect? These are all questions for your Elbert County bankruptcy lawyer. Credit card debt is at the top of the list of reasons to file for bankruptcy. You may have overcharged, or worse, failed to make payments, and find yourself over-extended on one, Read More
Read MoreFiling for bankruptcy can bring a certain feeling of relief. The decision has been made, and with the help of your Elbert County bankruptcy lawyer, you can be on your way to being free from debt, and harassment. If you had been facing foreclosure on your home, that threat will go away once you’ve filed Read More
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