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 [...]

Divorce, Debt, and Bankruptcy – Why Your Divorce Isn’t As Effective At Protecting You From Debt As You Think

Contrary to popular belief, the financial bonds formed during a marriage can’t be broken just by filing for divorce. Three common misconceptions about divorce and debt are set out and corrected below to help you learn how to avoid letting your ex pull you down long after you’ve gone your separate ways. […]

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The Bank is Foreclosing on my Home – What are my Rights in Colorado?

Once the foreclosure process has begun, the likelihood of successfully negotiating with your mortgage lender for a voluntary foreclosure alternative, such as a loan modification or short sale, is small.  As such, this post focuses on your rights in Colorado– the options you have which the lender must comply with. For more information on alternatives, [...]

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Can I Keep my Car if I File Chapter 7 Bankruptcy in Colorado?

In Colorado, almost everyone who wants to keep their car after filing for chapter 7 bankruptcy is able to do so. Whether you keep it or not depends on the actions of three players: you, the bankruptcy trustee, and the lender. First, you need to decide whether you want to keep the car. If you [...]

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Frequently Asked Questions about Debt Collection Lawsuits

• I don’t recognize the name of the company that’s suing me – Who are they? Many large creditors don’t bother attempting to sue you to collect what’s owed. They often sell or assign your debt to smaller organizations that only collect debts. In some instances companies try to collect debts that they have no [...]

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I’ve Been Sued by a Debt Collector – What Should I Do?

Other than a few traffic tickets, a debt collection lawsuit is most people’s first experience with the legal system and it can be intimidating. This article is designed the give you an overview of the lawsuit process and potential outcomes with the expectation that as you better understand what lies ahead, you will be less [...]

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I Owe More On My House Than It’s Worth – Six Tools For Dealing With An Underwater Mortgage

As a result of recent financial turmoil, many people who bought their homes expecting the value to go up have seen exactly the opposite. What are your options for getting out of a home that’s worth less than what you owe on it? My Home is Underwater – What do I do? When you owe [...]

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