About Clark Dray - Denver Bankruptcy Lawyer

Attorney Clark Dray has been practicing law for nearly 10 years and is licenced to practice before the state courts of Colorado and the Federal District Court of Colorado. He graduated from The Ohio State University Moritz College of Law in 2009. Clark is a member of The National Association of Consumer Bankruptcy Attorneys, Colorado Consumer Bankruptcy Association, and the Trust & Estate Section of the Colorado Bar Association.

VA Disability No Longer Income for Bankruptcy Means Test

House Resolution 2938, the Honoring American Veterans in Extreme Need Act of 2019 or the HAVEN Act, was written to "exempt from the calculation of monthly income certain benefits paid by the Department of Veterans Affairs and the Department of Defense". Previously, VA disability was counted toward total income under the bankruptcy means test. The [...]

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Freedom Debt Relief Sued for Misleading Consumers

Offers for debt settlement and debt repayment plans often sound too-good-to-be-true. According to the Consumer Financial Protection Bureau "a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly", Freedom Debt Relief's offers actually were too-good-to-be-true. In a recent lawsuit, the CFPB alleges that "Freedom charges consumers without settling their debts as promised, [...]

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Chapter 7 Bankruptcy Timeline

Chapter 7 bankruptcy may seem intimidating, but as you can tell from the following infographic, the steps that go into successfully completing your case are pretty straightforward. For those of you who may not be able to view the image, the text follows: Chapter 7 Bankruptcy Timeline Initial Consultation Meet with an attorney to discuss your [...]

Bankruptcy and Your Credit Report – Frequently Asked Questions

How Does a Bankruptcy Affect my Credit Score? If you've been doing a great job making payments on your debts, bankruptcy will have a significant impact on your credit score in the short term. However, by the time you start thinking seriously about bankruptcy you've probably either started missing payments or are on the verge of doing [...]

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Bankruptcy Means Test Median Income by State – After May 1, 2019

Updated 7/30/2019 Your household income is an important element in determining whether you are eligible for a Chapter 7 Bankruptcy and calculating the payment amount and duration of a Chapter 13 Bankruptcy repayment plan. The bankruptcy means test compares your income to the median income for the same-size household in your state. If you make less [...]

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Heupel Law Closed, Website Down

High-volume Denver bankruptcy law firm Heupel Law has closed it doors. As of 7 March 2016,the website for Heupel Law, http://www.heupellaw.com, was offline. Before going offline, the website bore the following message:  Heupel Law currently ceased operations as of February 28, 2016. At this time, it is unclear if and when the firm may reopen. Calling [...]

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Two Common Mistakes That Put Your Social Security at Risk

Under both federal and Colorado law, Social Security is exempt, or safe, from the vast majority of your creditors. For example, if you are sued by a credit card company and they get a judgment against you, they can’t garnish the Social Security directly from the U.S. Department of the Treasury. However, once those funds [...]

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Why You Must List All Your Assets in Your Bankruptcy – Dance Moms Star Abby Lee Miller Indicted on Charges of Bankruptcy Fraud

"If I don't list it, how will the court know about it?" This is a common question I receive when I tell prospective clients that they need to list all their assets in a bankruptcy. The answer I generally give is "I don't know how the court will find out, but if you hide it and [...]

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Bankruptcy, Retirement, and Estate Planning

When planning for retirement, you may be focused on saving up the money you'll need to live comfortably after you've left the workforce. And when planning your will and trust, the primary focus is probably making sure that your loved ones are well taken care of by passing down as much of your property possible. Surprisingly, bankruptcy can help you achieve [...]

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Bank Account Garnished? Here’s What To Do Now

You’re checking out at the grocery store and the debit card is declined. That can’t be right, I just got paid yesterday, you think. You call your bank to find out what the problem is and they tell you that you’re overdrawn by $150 because a creditor has garnished your bank account.  Many people who face [...]

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