JudeLaw

Things you need to know for a Chapter 13 Bankruptcy

adminJennifer — Fri, 18 May 2012 20:05:46 +0000

Things you need to know for a Chapter 13 Bankruptcy Do your homework. You’re not a chapter 13 bankruptcy lawyer, but that doesn’t mean you should be in the dark about the process. Also take a peek at the U.S. Court System‘s website for some exceptional help. You need to know about Chapter 13 before …

Bankruptcy vs. Debt Settlement Be Aware

adminJennifer — Fri, 11 May 2012 17:57:44 +0000

Bankruptcy vs. Debt Settlement Be Aware There are two types of Debt Settlement companies. One, merely takes a portion of your monthly income, negotiates with your credit card companies to stop or lower interest, and, in return, makes a monthly payment to each company. After a few years of those payments your debts will be …

Is a $500 Bankruptcy really too good to be true??

adminJennifer — Fri, 27 Apr 2012 15:39:44 +0000

Is a $500 Bankruptcy really too good to be true?? The answer is NO! There are a lot of law firms out there that would like you to believe this. So, let’s cover some questions you may have. If other law firms charge upwards of $1500 to file a bankruptcy you may think to yourself, …

Adversary Proceeding

adminJennifer — Fri, 24 Feb 2012 19:42:45 +0000

Adversary Proceeding An adversary proceeding is someone is skirmishing with someone else in the bankruptcy court. There are three parties in the bankruptcy court case who can file an adversary proceeding–bringing someone in front of a judge to explain their actions in a hearing or a trial. Those parties are the creditor, the trustee and …

What is exempt in bankruptcy?

adminJennifer — Fri, 17 Feb 2012 23:18:11 +0000

In a Chapter 7 case, you can keep all property that the law says is “exempt” from the claims of creditors Colorado Exemptions: $1,500 – Wearing Apparel ( $3,000 for a married couple) $1,500 – Personal Books, family photos ( $3,000 for a married couple) $2,000 – Jewelry & Watches ( $4,000 for a married …

Are you afraid to file bankruptcy?

adminJennifer — Sat, 11 Feb 2012 02:45:46 +0000

People are often afraid to file for bankruptcy, they worry that they will be left without possessions. People who really worry will even try to gift away property in order to keep it out of the trustee’s possession. They will start giving things away without talking to an attorney first. Don’t do That! Colorado has …

Bankruptcy and the Economy: What does “exempt” mean

adminJennifer — Fri, 20 Jan 2012 19:27:12 +0000

Can you imagine filing bankruptcy and losing everything? Thank goodness there are certain exemptions; otherwise we would all be living under bridges with nothing but the shirts on our backs. So what does “exempt” mean when filing bankruptcy? A debtor is allowed to keep certain items, like household goods and personal items, and in some …

My lender is making it hard to pay!

adminJennifer — Sat, 14 Jan 2012 01:22:34 +0000

My lender is making it hard to pay! Trust me we know and hear it all the time! You may have tried every way to avoid it, but you finally decided that you had no choice and you file bankruptcy. You may be thinking that you want to continue to pay some creditors, like your …

Bankruptcy: A Time Line

adminJennifer — Sat, 14 Jan 2012 01:21:10 +0000

There is a certain amount of urgency when filing bankruptcy because of the importance of when things get submitted and processed. At the time of a bankruptcy filing, the courts are looking at the financial situation of a client at that point. Required documents include those prior to the date of filing, in addition to …

Do Bankruptcy Laws Vary By State?

JudeBlogger — Sun, 13 Nov 2011 03:47:06 +0000

Do Bankruptcy laws vary by state?? Simply stated, no. Bankruptcy is a federal law, so no matter what state you file in, the laws are the same. The only thing that changes are your exemptions. Of course you have to live in the state in the past two years for that state’s exemption to apply …