A reaffirmation agreement is an agreement whereby the debtor agrees to remain personally liable on the debt as if the bankruptcy never occurred.
Category Archives: Debt
Supreme Court Sides with Debt Collectors in Bankruptcy Case
On May 15, 2017 the U.S. Supreme Court ruled in the case of Midland Funding, LLC v. Johnson, 581 U.S.____(2017), that debt collectors and purchasers are not in violation of federal law when pursuing debts during a Chapter 13 bankruptcy that they know to be beyond the statute of limitations. The 5-3 decision was a […]
Tips for Negotiating a Settlement with Your Creditors
While instinct tells you to run from creditor calls, there is a better way to deal with your debt. Read for tips on negotiating your way to better credit.
What Happens if a Homeowners Association Goes Bankrupt?
In this blog post we explore what may lead to a homeowners or condo association going bankrupt and what action they take if happens.
Understanding the Colorado Fair Debt Collection Practices Act
Long & Long P.C. can help you understand how the Colorado Fair Debt Collection Practices Act impacts your debt resolution efforts. Call 303-832-2655 today.
Top Tips For Handling Debt Collectors in Colorado
It can be overwhelming to get calls and letters that state you owe more money than you can afford to pay. It’s certainly understandable to feel helpless and it may feel like you have run out of options as the bills mount. However, you do have rights that will allow you to slow the process […]
Various Ways That Bankruptcy May Affect Your Credit
Filing for bankruptcy protection in Colorado doesn't have to ruin your credit score for life. Call us at 303-832-2655 to schedule a free consultation today.
What Happens To Property During and After Bankruptcy
It is important to have experienced legal counsel who can assist in pre-bankruptcy planning and converting non-exempt assets into exempt assets.
Can I Change From One Bankruptcy Chapter to Another?
The short answer is: Yes. You may convert from a Chapter 7 to a Chapter 13, & vice-versa, with certain restrictions & limitations. Learn more in this blog.
What Happens When My Ex Files for Bankruptcy?
In this post we cover the key points if your ex files for bankruptcy, and you had joint debts in the past, as you may be 100% liable for those debts.