Articles Posted in Assets

“What is bankruptcy?” In this guide, we’ll break down what bankruptcy is, how it works, and whether it could be the right solution for your financial situation.

If you’re drowning in debt, constantly dodging creditor calls, or wondering how to pay your bills, you might be asking yourself, should I file for bankruptcy? This is a common question, especially as bankruptcy filings have risen 11.5% over the previous year, with non-business filings up 11.8% as of June 2025. Bankruptcy Filings Rise 11.5 Percent…

Understanding Colorado Bankruptcy Exemptions If you’re considering filing for bankruptcy in Colorado, understanding state-specific exemptions is crucial. These exemptions determine what property you can keep during Chapter 7 or Chapter 13 bankruptcy. Colorado opts out of federal exemptions, meaning residents must use the state’s generous protections for homes, vehicles, retirement accounts, and more. Attorney Martin…

If you’re considering bankruptcy, you might be tempted to transfer assets—like money, property, or valuables—to friends, family, or another account to “protect” them from creditors. However, transferring assets before filing bankruptcy can have serious legal consequences, potentially jeopardizing your case or even leading to criminal charges. As experienced bankruptcy attorneys, we’ve seen how these missteps…

Receiving a tax refund can feel like a financial lifeline, especially if you’re considering bankruptcy. However, if you’re planning to file for bankruptcy, you may wonder: What can I safely spend my tax refund on without jeopardizing my case? The answer depends on bankruptcy laws, the type of bankruptcy you’re filing (Chapter 7 or Chapter…

Bankruptcy is one invaluable tool for the small business owner to help lower high costs by ending contracts without any threat of legal damages, or, at the very least a specific formula to determine with certainty what those costs will be. At the same time the small business owner may also re-negotiate with existing creditors to help lower their overhead costs.

Here is what happens to your property during and after bankruptcy.

What is the effect of a personal injury claim in bankruptcy law? A personal injury claim can arise before, during, or after you file a Chapter 7 or Chapter 13 bankruptcy. This article looks at the effect of a personal injury claim in a Chapter 7 bankruptcy. What is a Personal Injury? First, we must…

What happens when someone transfers assets prior to filing bankruptcy? This article explores fraudulent transfers that take place within four years before filing bankruptcy. In prior articles we explored transfers within two years prior to filing bankruptcy. In a subsequent blog we will explore transfers to a self-settled trust within ten years of filing bankruptcy.…

What happens when a debtor does a transfer of assets prior to bankruptcy? This article explores fraudulent transfers that take place within two years before filing. In a prior article we explored preferential transfers prior to filing bankruptcy. In subsequent articles we will explore other fraudulent transfers prior to filing. Transfers or Obligations Incurred Within…