Does a Foreclosure or Short Sale Affect my Credit Score More?

You have several different options for dealing with a home that’s worth less than what you owe on it, two of which are foreclosure and a short sale. One common justification that realtors give for pushing a short sale is that it’s better on your credit score. However, according to research by the authors of [...]

By |Bankruptcy, Foreclosure, Secured Debts|Comments Off on Does a Foreclosure or Short Sale Affect my Credit Score More?

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, [...]

By |Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Management, Foreclosure, Secured Debts|Comments Off on The Bank is Foreclosing on my Home – What are my Rights in Colorado?

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

In Colorado, whether you keep your home after filing a chapter 7 bankruptcy depends on three factors – do you want to keep it, are you current on the payments, and do you have any equity? First, you need to decide whether you want to keep the house. If you owe far more on it [...]

By |Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Foreclosure, Secured Debts, Uncategorized|Comments Off on Can I Keep my House if I File Chapter 7 Bankruptcy in Colorado?

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 [...]

By |Bankruptcy, Debt Management, Reaffirmation Agreements, Secured Debts|Comments Off on Can I Keep my Car if I File Chapter 7 Bankruptcy in Colorado?