Rising interest rates and soaring inflation has made the financial situations of many Colorado residents unmanageable. Consumer debt in the United States reached $4.8 trillion in February 2023, and rising borrowing costs have made making payments on that debt very...
Month: May 2023
How to get ready for a child custody hearing
Negotiating child custody can be one of the most difficult aspects of a divorce. Sometimes, despite the best efforts of one or both parents to reach a decision without going to court, a custody hearing ends up being necessary. If you are a Colorado parent in this...
Rising interest rates and inflation are squeezing consumers
Colorado consumers who carry credit card balances will be making higher payment in the months ahead. That is because the U.S. Federal reserve raised interest rates by a quarter point on March 22. The increase was the central bank’s ninth rate hike since March 2022....
Decide if nesting is the right option for your Colorado family during a divorce
Nesting during a separation, divorce, or even after a divorce is one way that parents in Colorado ensure that their children have as smooth of a transition as possible. When parents decide to use the nesting technique, the children stay in the family home, and the...
What to know about the automatic stay
One of the primary benefits of filing for bankruptcy is that you have access to the automatic stay. Typically, this is put into place the moment that your petition is received and typically remains in place until after your case is resolved. If the stay is violated...
How to protect your art collection from divorce in Colorado
Divorce is a difficult process under the best of circumstances. When you add Colorado art collections into the mix, things can get even more complicated. If you are an artist or own artwork that has significant value, it's important to take steps to protect your...
A new hope for student loan borrowers
Before the Biden administration made a major change to the way student loan debt is handled by the federal government, you couldn't get rid of your student loan debt merely by filing for bankruptcy. Colorado borrowers had to file a separate lawsuit to discharge that...
What are some reasons for divorce?
Colorado judges do not consider either spouse’s behavior when deciding how to award support divide property in a divorce case. The only thing that matters is the marriage is beyond repair, and reconciliation isn’t an option. But when is a marriage beyond repair? Here...
How depression may lead to divorce
There are many ways in which depression can adversely impact you. For instance, you may struggle to wake up on time, which may cause you to be late for work. Ultimately, that could lead to termination from your job, a loss of income and a strain on your marriage that...
How to prepare your Chapter 13 repayment plan in Colorado
Colorado's bankruptcy laws are meant to relieve individuals and businesses experiencing financial difficulties. However, this help is only as good as your repayment plan and financial decisions during and after bankruptcy. Chapter 13 bankruptcy Chapter 13 bankruptcy...
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