Blog Posts in February, 2018

  • Can Bankruptcy Stop Foreclosure?

    Posted By Jorgensen, Brownell & Pepin, P.C.

    27 Feb. 2018

    If you’ve received a notice of foreclosure, filing for bankruptcy may give you the best chance at keeping your home or slowing down the foreclosure proceedings to get current on your home. Here’s what you need to know. Automatic Stay When you file for bankruptcy, an automatic stay is enacted and a freeze is placed on all collection efforts, including foreclosure. If a creditor tries to ...
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  • Should I Talk to the Other Driver's Insurance Company After an Accident?

    Posted By Jorgensen, Brownell & Pepin, P.C.

    23 Feb. 2018

    After an accident, insurance companies for both drivers try and sort out liability, hinging on the vehicle’s damage, eyewitness testimony, video and photographs and medical records. You may even get a phone call from the other driver’s insurance company hours after a crash, but talking to them this early on may be to your disadvantage. Even if the accident was not your fault, an ...
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  • The New Tax Cuts and Jobs Act (H.R.1) will affect Colorado Divorces and Legal Separations.

    Posted By Jorgensen, Brownell & Pepin, P.C.

    9 Feb. 2018

    Under current law, payments of maintenance (spousal support) are tax deductible to the payor, and are taxable as income to the recipient (payee). In the recently approved bill – Tax Cuts and Jobs Act (H.R.1) – this provision is soon to be abolished. This change goes into effect for dissolutions filed after December 31, 2018. Prior to H.R.1 under IRS Sections 61(8) and 71, maintenance ...
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