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Category Archives: Bankruptcy Attorney

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: […]

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 […]

Colorado Springs Bankruptcy ABC’s: “I” is for “In Forma Pauperis”

As a Colorado Springs Bankruptcy Attorney I regularly meet with people who lack the necessary funds to even pay the $306.00 filing fee required to get their Chapter 7 bankruptcy case filed. In such cases, we’ll file an application “in forma pauperis” requesting a waiver of the filing fee. There are specific rules regarding when such […]

Colorado Springs Bankruptcy ABC’s: “H” is for “Homestead”

Today’s post will focus on the letter “H” as in “Homestead”. For me the word “homestead” conjures up images of brave souls venturing west to get their piece of America – becoming a “homesteader”. That’s a romantic vision of what is actually a very powerful legal concept. The law in Colorado encourages people to own […]

Colorado Springs Bankruptcy ABC’s: “D” is for “Disclosures”

Continuing on the theme of the Bankruptcy ABC’s, this post will discuss the letter “D”, as in “Disclosures”. As a Colorado Springs Bankruptcy Attorney, my office is considered to be a “Debt Relief Agency” under the Bankruptcy Code.  As such, I’m required to provide potential clients with two separate disclosures. The first disclosure provides: A brief […]

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