When a borrower files for bankruptcy, the impact on financial institutions can be significant. Banks are often left trying to protect their interests while complying with strict bankruptcy rules and deadlines. Although bankruptcy law is designed to give debtors a fresh start, it also creates challenges for creditors, particularly banks that rely on repayment of […]
If you’ve fallen behind on your car payments in Colorado, you may be wondering whether your lender has the right to take your vehicle, and if so, how. One legal tool lenders can use is called “replevin.” Replevin is a court-supervised process that allows a creditor to recover property from someone who is wrongfully holding […]
Few things frustrate creditors more than learning that a debtor has filed for bankruptcy just as collection efforts were beginning to gain traction. Suddenly, lawsuits are halted, garnishments freeze, and recovery seems out of reach. But a bankruptcy filing doesn’t necessarily mean your claim is lost. With the right legal strategy, there may still be […]
In the auto finance world, lenders and creditors extend vehicle loans with the expectation that borrowers will make timely, regular payments. But when those payments stop—or a borrower violates the loan agreement—creditors may seek to protect their financial interest through a legal mechanism called acceleration. Acceleration allows a creditor to demand the full remaining balance […]
In today’s legal landscape, creditors and their counsel often handle multi-jurisdictional portfolios. Whether you're a national collections agency, a financial institution, or an out-of-state law firm, enforcing a judgment or managing litigation in Colorado means one thing: you need reliable local counsel. Colorado courts have their own unique rules, practices, and timelines. Attempting to enforce […]
If someone owes you money and simply refuses to pay, you may feel stuck or even powerless. But Colorado law offers a wide range of tools to help creditors recover what they're owed — whether you’re a business owner, service provider, or individual lender. At the Law Office of Douglas D. Koktavy, we help clients […]
Understanding a Bank’s Rights After a Borrower Fails to Pay When a borrower defaults on a loan or line of credit, the impact on a financial institution can be significant. Whether the default involves a commercial loan, equipment financing, or consumer debt, banks have a legal right to pursue recovery. However, the method of recovery […]
Understanding the Creditor’s Position in Bankruptcy When a borrower files for bankruptcy in Colorado, it can place lenders in a difficult position. Automatic stays stop collection efforts immediately, and the borrower’s assets are now under the oversight of a bankruptcy court. Despite these challenges, creditors still have legal tools available to protect their interests. Lenders […]
Few experiences are as frustrating or surprising as discovering your vehicle has been repossessed. Whether it happens at work, at home, or in a parking lot, a sudden repossession can leave you feeling powerless and unsure of your rights. But what if the repossession wasn’t legal to begin with? In Colorado, borrowers and creditors both […]
