What constitutes a fraudulent transfer or obligation prior to filing bankruptcy is a complex issue.
Author Archives: Martin Long
TRANSFER OF ASSETS PRIOR TO BANKRUPTCY- PART 1
TRANSFER OF ASSETS PRIOR TO BANKRUPTCY
USING THE COLORADO HOMESTEAD EXEMPTION IN BANKRUPTCY
In Colorado a homeowner is entitled to a $75,000 homestead exemption on the home he owns and occupies. If the homeowner or his or her spouse is 60 years of age or over, or disabled, the homestead exemption is $105,000.
Chapter 7 Bankruptcy Timeline
A Chapter 7 bankruptcy typically consists of a series of important events or steps taken before and after filing the case. A timeline of those events are:
AVOIDING LIENS
In bankruptcy you can often avoid a judgment lien on your home.
How to keep your car in Chapter 7 bankruptcy and Chapter 13 bankruptcy
You can keep your car in both a Chapter 7 bankruptcy and Chapter 13 bankruptcy.
Beware of Reaffirmation Agreements in Bankruptcy
A reaffirmation agreement is an agreement whereby the debtor agrees to remain personally liable on the debt as if the bankruptcy never occurred.
5 Tips to Anyone Filing for Chapter 7 or Chapter 13 Bankruptcy
If you are about to file for bankruptcy in Denver, the actions you take or omit can greatly impact the outcome of your case. By preparing for what lies ahead, you may be able to save yourself from dismissal of your case or your discharge being denied.
How to Improve Your Credit Score After Declaring Bankruptcy in Denver
Bankruptcy is a great way to discharge a significant amount of unsecured debt. However, it can also negatively impact your credit score. Remember, your credit rating is what helps you obtain a loan for a new home, car, or apartment. Fortunately, if your credit score was lowered as a result of bankruptcy, there is a path forward.
Four Things You Should Not Do Before Filing For Bankruptcy
If you plan on filing for Chapter 7 or Chapter 13 bankruptcy in Denver, follow these tips to ensure you comply with the U.S. Bankruptcy Code: