Bankruptcy Trends & Information

Due to the coronavirus, Wink & Wink is conducting all client meetings remotely. However, we continue to perform all services for our clients.

If you are behind on the payments for your car or truck, you probably go to bed at night worrying about the Repo Man, and whether your source of transportation will still be there for you in the morning. In such a stressful situation, it helps to know the facts. Knowing what is likely to…

If you are struggling with debt, there’s a good chance you are also struggling with unwanted contact from debt collectors. Sometimes these are your actual creditors, the ones you signed a contract with, but often the person calling you works for another company altogether because your debt has been sold to a debt collection agency.…

Debt settlement is an interesting world with potential, and pitfalls. As a bankruptcy lawyer in Colorado, I advise clients of seven rules which can help you get the most out of debt settlement. However, I also add a Golden Rule to list – understand your options when attempting to settle debt. This includes understanding bankruptcy.…

Asset planners such as CPA’s can be a great resource for avoiding tax liability or using trusts to avoid probate. However, such asset managers are often unfamiliar with bankruptcy laws, mainly bankruptcy exemptions, and their laser-like focus on short term gains and tax avoidance can cost you big time if you find yourself in need…

One question I hear frequently as a consumer bankruptcy attorney is “Will I ever be able to buy a home (or car) again after I file for bankruptcy?” or “Will I be able to get credit again with a bankruptcy on my credit report?” The short answer is yes. You will be able to purchase…

Seeing as financial problems are the number one cause of divorce in the U.S., bankruptcy and divorce often go hand-in-hand. Unfortunately, each one complicates the other. Understanding now bankruptcy laws affect a divorce and divorce-related debt depends on where you are in the process. Different considerations apply depending on whether you are considering divorce, have…

In general, debt discharged in bankruptcy is not taxable and most people who file for consumer bankruptcy have no tax consequences as a result of the bankruptcy filing. However, there are a few areas in which you should be aware of the interaction between bankruptcy and tax liability.

If you are contemplating buying a car before filing for bankruptcy in Colorado, here is fair warning of some pitfalls that may arise.

A recent report from Fidelity brings to light a disturbing trend in our country: record numbers of people are making hardship withdrawals from their retirement accounts, and near record numbers of people are borrowing from these accounts. As your friendly neighborhood bankruptcy lawyer in Colorado, I see this trend happening every day and it both…

Hey all! This week’s post comes from NOLO. We believe it is very informative regarding the well-deserved rights of active service members against creditors. In addition to the rights listed below, the bankruptcy code exempts from means testing for Chapter 7 eligibility for both; i) disabled veterans whose indebtedness occurred primary during a period when…

Student loans and bankruptcy are a complicated area, and not many bankruptcy filers understand how bankruptcy affects their student loan debt and what their options are and how they differ between Chapter 7 and Chapter 13 bankruptcy.

If you have been sued to collect on a debt, you are at risk of a wage garnishment. If you have unpaid bills headed for collections–for medical debt, credit cards, broken lease, auto loan deficiency, personal loans, mortgage deficiency and even unpaid student loan debt—a wage garnishment may be coming your way.