article thumbnail

What You Need to Know if You Are Retired and Filing for Bankruptcy

Sawin & Shea

Furthermore, in addition to what little savings people have after they retire, social security is also often not enough to help pay even basic costs, such as rent or mortgage, food, car payments, healthcare, and other essential bills and expenses. Before determining if bankruptcy is right for you, it’s helpful to understand your options.

article thumbnail

Managing Bankruptcy and Medical Debt Relief in Broomfield, CO

Debt Free Colorado

It is crucial to understand the intricacies of bankruptcy and medical debt relief in Broomfield, CO, for a stable financial future. In this article, we will discuss the complexities of erasing medical debt through bankruptcy. Chapter 7 offers discharge for eligible medical bills. Timing is crucial in bankruptcy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Should You Know About Medical Debts & Bankruptcy?

Sawin & Shea

Rising healthcare costs are continually leaving thousands of Americans drowning in medical debt. However, while bankruptcy can help, it’s important to understand how the process works, especially concerning your medical debt. At Sawin & Shea, our team of Chapter 7 and Chapter 13 bankruptcy lawyers is here to help.

article thumbnail

Discharging Debt in Denver? Can You Include Your Bankruptcy Attorney Fees?

Debt Free Colorado

Bankruptcy is a legal process that provides individuals and businesses relief from overwhelming debt. In Colorado, as in other states, there are specific types of bankruptcy that cover different financial situations. The two most common types are Chapter 7 and Chapter 13 bankruptcy.

article thumbnail

What Is Nonexempt Property In Bankruptcy, And Why Does It Matter?

Debt Free Colorado

A bankruptcy filing is an option for the majority of individuals who are already in financial difficulty long before they file. One factor is the high cost of healthcare, which makes it more difficult for many Americans to pay their bills. Medical debt is the primary reason Americans declare bankruptcy. domestic appliances.