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Denver-based bankruptcy attorney Matt Berkus specializing in Chapter 7/13 bankruptcy, IRS tax debt relief, and student loan assistance for Colorado residents.
Data compiled from public sources
Matt Berkus Law Office is a Denver, Colorado-based legal practice focused on debt relief and bankruptcy representation. Matt Berkus positions himself as "Denver's Debt Doctor" and markets his firm as the premier bankruptcy attorney in Colorado. The firm operates from a philosophy that financial stress is solvable through proper legal planning and personalized debt strategy. The practice was established to serve individuals and business owners facing overwhelming debt, creditor harassment, foreclosure, and tax issues.
The firm offers comprehensive bankruptcy representation including Chapter 7 and Chapter 13 filings, with personalized bankruptcy evaluations to help clients understand debt discharge options and asset protection strategies. Beyond bankruptcy, Matt Berkus provides IRS back tax relief services with custom tax settlement analysis, and student loan debt assistance covering discharge options, garnishment prevention, and payment negotiations. The firm's approach emphasizes understanding each client's financial goals and designing a debt solution aligned with those goals rather than a one-size-fits-all approach.
Berkus distinguishes his practice through educational content and counseling focused on goal-setting and financial vision rather than fear-based marketing. He published "The 7 Truths of Debt Settlement" as a consumer resource criticizing debt settlement companies and positioning bankruptcy or negotiated settlement as more appropriate alternatives. The firm emphasizes listening to clients' specific challenges and building customized solutions. Berkus operates a solo or small practice model, suggesting direct attorney involvement rather than delegation to paralegals or junior attorneys.
As a bankruptcy law firm, this practice is appropriately categorized and well-positioned for consumers considering bankruptcy protection. Limitations include geographic restriction to Colorado residents, lack of published fee information on the website, and no discussion of alternative debt solutions beyond bankruptcy, debt settlement, or tax negotiation. The website provides no client testimonials, case results, or specific outcomes data. The practice appears to rely heavily on direct phone consultation (720-545-0339) rather than providing detailed information upfront.
This is state-level context for Bankruptcy Services consumers in Denver, CO. It does not confirm that Berkus Law Office or this specific location is licensed.
State regulator
Colorado Department of Regulatory Agencies - Division of Banking
Consumer protection
Relevant law: Colorado Credit Services Organization Act (C.R.S. § 5-19-101 et seq.)
Registration: Required with Colorado Attorney General (Administrator of the Uniform Consumer Credit Code)
Upfront fees: Listed as prohibited in the current CreditDoc state summary
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Berkus Law Office offers 12 services including Chapter 7 bankruptcy filing and representation, Chapter 13 bankruptcy filing and representation, Personalized bankruptcy evaluations, Debt discharge analysis, Asset protection planning, and 7 more.
Berkus Law Office has profile signals associated with Colorado residents facing imminent foreclosure, wage garnishment, or creditor lawsuits seeking immediate bankruptcy protection, Business owners or self-employed individuals with both personal and business debt requiring integrated bankruptcy strategy, Individuals with IRS back taxes, wage levies, or tax liens seeking alternative to standard tax settlement companies, Borrowers with federal or private student loan debt seeking discharge or payment reduction options.
Key strengths: Offers three distinct debt solutions: bankruptcy representation, IRS tax debt relief, and student loan assistance under one firm; Provides personalized evaluations and customized solutions rather than standardized approaches to debt problems; Emphasizes asset protection strategies and understanding impact before filing bankruptcy. Areas to consider: No published pricing information or fee structure available on website—requires phone consultation to learn costs; Geographically limited to Colorado residents; cannot serve out-of-state clients despite national debt crisis.
In the Bankruptcy Services category, comparable providers include Baker Law Group, PLLC, Colonial Tax Consultants, Distinct Document Preparation & Consulting LLC. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Berkus Law Office is profile signals for Colorado residents actively facing bankruptcy-triggering events (foreclosure, garnishment, lawsuits) or substantial IRS debt who want attorney-led representation rather than debt settlement companies. The primary caveat is that this is a listed bankruptcy law practice with no fee transparency, making the true cost of representation unclear until direct consultation, and geographic limitation to Colorado only.
Baker Law Group, PLLC is a bankruptcy law firm providing Chapter 7 and Chapter 13 filing services and legal representation for individuals facing financial hardship.
Profile signals: Individuals seeking attorney representation for Chapter 7 bankruptcy filings, Consumers needing legal guidance through Chapter 13 reorganization bankruptcy
Tax representation firm specializing in IRS and state tax disputes for businesses and individuals nationwide. Small Denver-based practice of attorneys and enrolled agents.
Profile signals: Business owners facing IRS audits or tax disputes with complex legal implications, High-net-worth individuals in tax controversies requiring attorney-level representation
Document preparation service specializing in bankruptcy, divorce, and family law filings for pro se (self-represented) individuals. Offers affordable alternatives to attorney representation with 5-day turnaround.
Profile signals: Uncontested bankruptcy filers (Chapter 7/13) who understand their situation and need accurate document preparation without legal strategy, Divorce clients with agreed-upon settlements seeking document preparation rather than legal representation
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A plain-English breakdown of every credit score range — what each number actually means for your loans, cards, and daily life, plus exactly what to do about yours.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
When you fail to repay a loan according to the agreed terms — usually after 90-180 days of missed payments. It's the point where the lender gives up on collecting normally.
Default triggers severe consequences: credit score drops 100+ points, the debt may be sent to collections, you could be sued, and your wages or assets could be seized.
Example
You miss 4 consecutive car payments. The lender declares your loan in default, repossesses your car, sells it at auction for $8,000, and you still owe the remaining $5,000 (called a deficiency balance).
A federal agency created in 2010 to protect consumers from unfair financial practices. They write rules, supervise financial companies, and handle consumer complaints.
The CFPB is your most powerful ally against high-cost lenders. Filing a complaint with them gets a response from the company within 15 days — companies take CFPB complaints seriously.
Example
A debt collector calls your workplace after you told them to stop. You file a CFPB complaint online. Within 15 days, the collection agency responds and agrees to stop. The CFPB tracks complaint patterns across all companies.
A federal law that limits what debt collectors can do. They can't call before 8am or after 9pm, can't harass you, can't lie, and are required to stop contacting you if you request in writing.
Knowing your FDCPA rights stops abusive collection tactics. If a collector violates the law, you may have a right to sue for up to $1,000 per violation plus attorney fees.
Example
A collector calls your workplace 3 times after you told them not to. That's 3 FDCPA violations. You hire a consumer attorney (free — they get paid by the collector). The collector settles for $3,000.
A court order that requires your employer to withhold part of your paycheck and send it directly to a creditor. Usually happens after a creditor sues you and has obtained a judgment.
Federal law limits garnishment to 25% of disposable income. Some states have lower limits. Student loans and taxes can be garnished without a court order.
Example
You owe $8,000 on a defaulted credit card. The bank sues, gets a judgment, and garnishes your wages. On a $3,000/month net paycheck, they take $750/month until the debt is paid.
A time limit (typically 3-6 years, varies by state) after which a creditor can no longer sue you to collect a debt. The debt still exists, but they lose the legal power to force payment.
Knowing your state's statute of limitations prevents you from being tricked into paying debts that are legally uncollectable. Beware: making a payment can restart the clock.
Example
You have a $3,000 credit card debt from 2019. Your state has a 4-year statute of limitations. In 2024, a collector calls demanding payment. The statute has expired — they cannot sue you.
A type of bankruptcy where you keep your assets but follow a court-approved 3-5 year repayment plan to pay back some or all of your debts. Stays on credit for 7 years.
Chapter 13 may be more relevant than Chapter 7 if you have a home or assets you want to keep. It can stop foreclosure and let you catch up on mortgage payments over 3-5 years.
Example
You're 3 months behind on your mortgage and have $30,000 in credit card debt. Chapter 13 stops foreclosure and puts you on a 5-year plan: you pay $600/month to catch up on the mortgage and pay 40% of the credit card debt.
A type of bankruptcy that wipes out most unsecured debts (credit cards, medical bills) by liquidating non-exempt assets. It stays on your credit for 10 years.
Chapter 7 gives you a fresh start but at a steep cost: 10 years on your credit, difficulty getting loans, and you may lose assets. Income is generally required to be below your state's median to qualify.
Example
You have $45,000 in credit card debt and earn $35,000/year. Chapter 7 erases the debt. You keep exempt property (basic car, household items). Your score drops to ~500 but you're debt-free.
When a creditor declares your debt a loss after 180 days of nonpayment and removes it from their books. But you still owe the money — they just stop expecting to collect it themselves.
A charge-off is one of the most damaging entries on your credit report and stays for 7 years. The debt is usually sold to a collection agency who will pursue you for it.
Example
You stop paying your $4,000 credit card. After 180 days, the bank charges it off and sells the debt to a collector for $800. The collector now contacts you demanding the full $4,000 (they profit from what they collect above $800).
When an unpaid debt is transferred or sold to a third-party collection agency that specializes in recovering the money. Collection accounts appear on your credit report for 7 years.
Even a $50 collection account can drop your score 50-100 points. Some newer FICO models (FICO 9) ignore paid collections, but many lenders still use older models.
Example
An old $200 gym bill goes to collections. It appears on all 3 credit reports and drops your 720 score to 640. Paying it helps with newer scoring models but under FICO 8 (still widely used), a paid collection still hurts.
Combining multiple debts into one single loan with one monthly payment, ideally at a lower interest rate. It simplifies repayment and can reduce total interest.
Consolidation is generally most useful when you get a lower rate than your existing debts. But it doesn't reduce what you owe — and extending the term can mean paying more total interest.
Example
You have: $5,000 at 22% (credit card), $3,000 at 18% (store card), $2,000 at 25% (payday loan). A $10,000 consolidation loan at 11% saves you ~$2,100 in interest over 3 years.
Negotiating with creditors to accept less than the full amount you owe — typically 40-60 cents on the dollar. Usually done after you've already fallen behind on payments.
Settlement can save thousands, but it severely damages your credit (settled accounts show for 7 years) and the IRS may tax the forgiven amount as income.
Example
You owe $15,000 on a credit card and negotiate a settlement of $7,500 (50%). You save $7,500 but: your credit drops 100+ points, the account shows 'settled' for 7 years, and you may owe taxes on the $7,500 forgiven.
The percentage of your monthly gross income that goes toward paying debts. Lenders use it to judge whether you can afford another loan payment.
Most lenders want DTI below 36% for personal loans and below 43% for mortgages. Above that, you're considered overextended and likely to be denied.
Example
You earn $5,000/month gross. Your debts: $1,200 mortgage + $300 car + $200 student loans = $1,700/month. DTI = 34%. A new $400/month loan would push you to 42% — risky for lenders.
A court ruling that says you legally owe a specific amount to a creditor. It gives the creditor power to garnish wages, freeze bank accounts, or place liens on your property.
Judgments are enforceable for 10-20 years (varies by state) and can be renewed. They give creditors far more collection power than a simple unpaid debt.
Example
A credit card company sues you for $8,000 and has obtained a judgment. They can now garnish 25% of your paycheck ($750/month on a $3,000 net salary) and freeze your bank account.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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