Bankruptcy Blog

FAQs about Tax Debt and Bankruptcy (Pt. 1)

October 31, 2014

Tax debt is a serious problem for many Americans, and what many of these people may not know is that bankruptcy can be a viable option for discharging this type of debt when people don’t have the means to pay it off. Because, however, bankruptcy can’t be used for all types of tax debts, in…
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Settling Credit Card Debt: 6 Facts to Know (Pt. 3)

October 28, 2014

Concluding our blog series Settling Credit Card Debt: 6 Facts to Know, below we will wrap up this discussion by pointing out some final important facts to know when it comes to settling credit card debt. Final Important Facts about Settling Credit Card Debt… Fact 5 – There are alternatives to settling credit card debt…
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Settling Credit Card Debt: 6 Facts to Know (Pt. 2)

October 26, 2014

Picking up from where Settling Credit Card Debt: 6 Facts to Know (Pt. 1) left off, here, we will continue to discuss some important facts to know when you may be considering settling credit card debt. More Important Facts about Settling Credit Card Debt Fact 3 – Research any debt settlement company before signing anything….
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Settling Credit Card Debt: 6 Facts to Know (Pt. 1)

October 23, 2014

As of September 2014, Americans owed more than $880.5 billion in credit card debt, with the average amount of credit card debt per U.S. household being just over $15,600 (according to data from the U.S. Federal Reserve). Clearly, credit card debt is a big problem for many Americans, and this problem can be compounded in…
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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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