Bankruptcy Blog

Stop Debt Collectors from Contacting You with This Letter

October 21, 2014

When debt collectors are continually contacting you about some debt that you do not actually owe them, sending them a formal written letter to dispute the debt and to tell them to stop contacting you will be important. Below is a sample letter that you can use to permanently stop debt collectors from calling you…
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Choosing a Credit Counselor: 6 Questions to Ask (Pt. 3)

October 16, 2014

Wrapping up our blog series Choosing a Credit Counselor: 6 Questions to Ask, below we will point out some final important questions to ask when you are choosing a credit counselor to help you. Some Final Questions to Ask When Choosing a Credit Counselor… Question 5 – How do you keep my personal information private…
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Choosing a Credit Counselor: 6 Questions to Ask (Pt. 2)

October 12, 2014

Continuing from where we left off in Choosing a Credit Counselor: 6 Questions to Ask (Pt. 1), here, we will resume our discussion of the specific important questions that people should ask during the process of choosing a credit counselor. More Questions to Ask When Choosing a Credit Counselor… Question 3 – What qualifications do…
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Choosing a Credit Counselor: 6 Questions to Ask (Pt. 1)

October 8, 2014

When you may struggling to manage your credit or you are considering filing for bankruptcy, choosing a credit counselor and completing credit counseling can be the right move for you. As with many industries, however, there are plenty of charlatans out there, and you (and the general consumer) has to beware of the companies that…
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Colorado Bankruptcy Statistics from the CFED

October 3, 2014

Colorado bankruptcy filings rank well above the national average, with there being 5 bankruptcy cases per every 1,000 people in Colorado versus 3.7 bankruptcy cases per every 1,000 people in the U.S. This information – as well as the other Colorado bankruptcy statistics we will discuss later in this blog – has all been compiled…
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Chapter 11 Bankruptcy FAQs (Pt. 3)

September 26, 2014

Here is the conclusion to our blog series Chapter 11 Bankruptcy FAQs. Q – Are bankruptcy trustees appointed in Chapter 11 bankruptcy cases? A – Not typically, but they can be appointed by a bankruptcy court if or when the following circumstances may arise: Bankruptcy fraud is suspected by a court. Some type of incompetence…
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Chapter 11 Bankruptcy FAQs (Pt. 2)

September 23, 2014

Picking up from where Chapter 11 Bankruptcy FAQs (Pt. 1) left off, here, we will continue to respond to some common questions that people have when they’re considering Chapter 11 bankruptcy. Q – What are the special procedures for small business Chapter 11 bankruptcy cases? A – When a business legally qualifies as a “small…
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Chapter 11 Bankruptcy FAQs (Pt. 1)

September 19, 2014

In the wake of our recent blog on Trump Entertainment Resorts filing for Chapter 11 bankruptcy, we thought it would be a good time to answer some commonly asked questions about this type of bankruptcy, which is usually pursued by businesses. While the responses and information provided in this blog series are helpful, don’t hesitate…
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Trump Plaza Casino Closes as Trump Entertainment Resorts Files Chapter 11

September 16, 2014

This past week, Trump Entertainment Resorts filed for Chapter 11 bankruptcy in Delaware, claiming to have upwards of $100 million in liabilities. While the company’s Trump Plaza casino in Atlantic City closed its doors for the last time just days ago, executives at Trump Entertainment Resorts have stated that the doors of its Taj Mahal…
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How to Prioritize Your Debt: 5 Tips to Keep in Mind (Pt. 3)

September 12, 2014

Wrapping up our blog series How to Prioritize Your Debt: 5 Tips to Keep in Mind (Pt. 1), below we will provide discuss some final tips to remember as you rank your debt from highest to lowest priority to pay off. How to Prioritize Your Debt: Final Issues to Remember Tip 4 – Moderate to…
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