For many people, discussions of bankruptcy immediately make them think of a Chapter 7 filing. Chapter 7 bankruptcy only takes a few months to complete and results in the discharge of many unsecured debts, including medical bills and credit card balances. Chapter 13...
Month: May 2023
Divorce compared to legal separation
Colorado law allows couples to either seek to dissolve their marriages or file for legal separation at any time. Although the end result is that the couple is no longer together, there are key differences between a divorce and legal separation. The biggest difference...
Medical debt may not affect credit reports in the future
Many Colorado residents with extensive medical treatment have considerable medical debt that they have difficulty paying. Unpaid medical bills can damage consumer credit scores, making it difficult to get loans, secure a new job, etc. However, a new initiative...
Ideas for coping with divorce
Divorce represents a major change in two people's lives. When spouses file for divorce in Colorado, the couple must prepare themselves for post-marriage life. Both spouses may experience high levels of stress and anxiety, so taking intentional steps to manage the...
Bankruptcy and student loan debt
Colorado residents encounter overwhelming debt for many reasons, many of which are dischargeable through bankruptcy. One financial challenge that is garnering significant attention is student loan debt. There is a perception that these debts cannot be addressed...
Explaining parallel parenting
Thousands of couples in Colorado are either contemplating divorce, in the process of divorce or dealing with the aftermath of a divorce. And in many cases, the aftermath between former partners is bitter and difficult to navigate. The situation gets more complicated...
Personal bankruptcy filings rise sharply
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...
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...
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