The Law Offices ofW. Robert Montgomery
Schedule a Free Consultation
720-496-1338
Main Menu

bankruptcy Archives

What should you look for in a balance transfer credit card?

If you feel like you're already drowning in credit-card debt, the Federal Reserve's plan to increase interest rates twice before 2018 is over isn't welcome news. Credit-card holders could be seeing the first of these rate hikes reflected in their interest rates as early as next month.

The risks of working with a debt settlement company

If you're struggling with debt and looking for a solution, you may be considering working with a debt settlement company. These companies claim to negotiate with your creditors to get them to agree to a lower payoff amount or to forgive the debt completely.

Emergency room visits can create serious medical debt

Medical debt is the leading cause of personal bankruptcy in the U.S. The number of uninsured Americans has dropped significantly since the implementation of the Affordable Care Act (ACA). However, even with health insurance, a serious illness or injury can wipe out a family's savings and put them in serious debt.

Gambling debts may be dischargeable through bankruptcy

Gambling debt can impact every part of a person's life. It's not unusual for people with a gambling problem to have considerable credit card debt and to take out home equity and other loans to support their gambling addiction. Some people gamble themselves and their families into dire financial straits.

Secured products can help you rebuild your credit post-bankruptcy

One of the reasons that many people hesitate to file for bankruptcy is that they assume they won't be able to get credit again for a very long time. A bankruptcy will stay on your credit reports for a decade. This will impact your ability to qualify for credit cards, loans and other credit products. However, you can still begin to rebuild your credit immediately.

Debt is no longer unusual for retired seniors

As Americans live longer, many are finding that their retirement savings isn't enough to last them through their senior years. The fixed income provided by Social Security and other government programs often isn't enough to get by. Consequently, many people are still paying off debt and even taking on more of it well into their 70s and beyond. Sometimes they do it for their own needs and sometimes to help family members.

A fresh start, not losing it all: the bankruptcy process

It is frightening to see your personal debt mount over time. What began as a simple monthly credit card bill, an unexpected medical expense or a standard mortgage payment might have snowballed from one cost to another. The next thing you know, you feel like you're suffocating under a seemingly indomitable amount of debt. There is a way to free yourself, though.

What are the most common reasons people file for bankruptcy?

It is a common myth that those who file for bankruptcy simply have spent more money than they can afford. Many fall on hard times they did not see coming, had medical issues that were expensive or lost jobs because of layoffs and cutbacks. These are things no one can anticipate, and there are many different reasons people file for bankruptcy to get a fresh start.

Map

The Law Offices of W. Robert Montgomery
13701 West Jewell Avenue, Suite 290
Lakewood, CO 80228

Toll Free: 888-559-9805
Phone: 720-496-1338
Fax: 303-985-5303
Lakewood Law Office Map

Back to Top