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The Denver Bankruptcy, Debt Settlement, Tax Resolution Attorneys
Seeing as financial problems are the number one cause of divorce in the U.S., bankruptcy and divorce often go hand-in-hand. Unfortunately, each one complicates the other. Understanding now bankruptcy laws affect a divorce and divorce-related debt depends on where you are in the process. Different considerations apply depending on whether you are considering divorce, have…
In general, debt discharged in bankruptcy is not taxable and most people who file for consumer bankruptcy have no tax consequences as a result of the bankruptcy filing. However, there are a few areas in which you should be aware of the interaction between bankruptcy and tax liability.
If you are contemplating buying a car before filing for bankruptcy in Colorado, here is fair warning of some pitfalls that may arise.
A recent report from Fidelity brings to light a disturbing trend in our country: record numbers of people are making hardship withdrawals from their retirement accounts, and near record numbers of people are borrowing from these accounts. As your friendly neighborhood bankruptcy lawyer in Colorado, I see this trend happening every day and it both…
Hey all! This week’s post comes from NOLO. We believe it is very informative regarding the well-deserved rights of active service members against creditors. In addition to the rights listed below, the bankruptcy code exempts from means testing for Chapter 7 eligibility for both; i) disabled veterans whose indebtedness occurred primary during a period when…
If you have been sued to collect on a debt, you are at risk of a wage garnishment. If you have unpaid bills headed for collections–for medical debt, credit cards, broken lease, auto loan deficiency, personal loans, mortgage deficiency and even unpaid student loan debt—a wage garnishment may be coming your way.
It’s that time of year again – TAX TIME. I know you love it, especially if you owe or are going to owe the IRS. If this is you, you should know that some back taxes can be wiped out in bankruptcy. Of course, not all taxes can be wiped out. For example, payroll taxes…
