He Said She Said Denver Bankruptcy Lawyers Blog

Bankruptcy and Divorce

Published on 2011-05-17 20:16:59

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 dep

The Tax Consequences of Bankruptcy

Published on 2011-02-20 20:26:26

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 be

The Truth About Short Sales

Published on 2011-01-27 07:42:24

Short sales have gotten a lot of press in this financial crisis and many think they offer a way out from under their mortgage debt and underwater properties. However, the reality is the short sales offer no benefit, none, to all but a very few. For t

To Reaffirm or Not to Reaffirm: That is the Question

Published on 2010-12-13 14:27:22

Reaffirmation agreements are a special feature of Chapter 7 bankruptcy. They give your creditors a chance to get you back on the hook for debt you would have otherwise discharged in the bankruptcy by allowing you to reaffirm, or re-sign, liability fo

Mike Wink Interview With Tom Martino: Martino Calls Mortgage Mods A Scam!

Published on 2010-11-29 01:38:15

Mike (aka “He Said”) Wink was on the Tom Martino Show recently to discuss the ways that bankruptcy can help homeowners. During their discussion, Tom Martino, Colorado’s best-known consumer advocate, “The Troubleshooter” makes a bold stateme

How Does Being Sued Affect My Bankruptcy?

Published on 2010-10-12 12:11:43

Most people considering filing for bankruptcy protection are also vulnerable to lawsuits brought by their creditors for debts owed. If you are served a summons by one of your creditors prior to filing bankruptcy, you will want to understand how that

Asset Planning While in Debt – Don’t Just Take Your CPA’s Word

Published on 2010-09-26 19:51:07

Asset planners such as CPA’s can be a great resource for avoiding tax liability or using trusts to avoid probate. However, such asset managers are often unfamiliar with bankruptcy laws, mainly bankruptcy exemptions, and their laser-like focus on sh

Buying a Car Before Bankruptcy: Buyer AND Seller Beware

Published on 2010-09-13 15:31:48

If you are contemplating buying a car before filing for bankruptcy in Colorado, here is fair warning of some pitfalls that may arise. In Colorado, anyone looking to claim a secured interest in a motor vehicle (such as a car dealer or family member wh

Stop the insanity – do not liquidate your 401K to pay off debt!!!!

Published on 2010-08-29 22:28:22

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 fri

Legal Protections for America’s Military: The Servicemembers’ Civil Relief Act

Published on 2010-08-16 17:57:45

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

What Happens to My Student Loans in Bankruptcy?

Published on 2010-07-26 00:51:18

Student loans and bankruptcy are a complicated area, and not many bankruptcy filers understand how bankruptcy affects their student loan debt and what their options are and how they differ between Chapter 7 and Chapter 13 bankruptcy. Most Student Loa

What We Can Learn From The Rich

Published on 2010-07-11 19:07:45

A recent article in the New York Times deals with the fact that the rich are more likely to walk away from their underwater mortgages. One in seven owners of million-dollar plus property is in default, compared with one in 12 for properties worth les