Archive for February 2017

Bankrupt and over 65?

According to a recent report from the Institute for Financial Literacy, bankruptcy filings are on the rise among older Americans. In the past, most retirees who file bankruptcy have been driven into financial ruin by unmanageable medical bills. These days, however, its more likely to be credit card and other consumer debt. Credit card interest and…

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Student Loans and Bankruptcy

Student loans are the most common way Utahans use to fund an education, specifically college and graduate school.  They can also provide educational opportunities that you may otherwise not have been able to obtain due to the cost. Sadly in many of the Utah cases that I see college grads are left with a diploma and the crushing financial burden of both…

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Can I File Bankruptcy For My Medical Bills?

Having overwhelming medical debt is a leading factor that leads to people needing to file a bankruptcy in Utah. In the majority of cases I see this arises from the failure of the debtor to have medical insurance. Even if you have medical coverage it is possible to run up huge medical debts your insurance…

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Three Common Utah Chapter 7 Bankruptcy Mistakes

These are three of the most common mistakes I see right before someone goes in bankruptcy court: 1. Making A Preference Payment If you owe on credit cards or medical debt and instead of paying that debt you pay on a past-due debt to family within 1 year of filing bankruptcy, that is a preference payment. The…

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When will my bankruptcy case be over?

  A call came into the office today asking this question. So when does a bankruptcy case get finished? Unfortunately, a discharge of debt does not close a bankruptcy case. Before your case is closed, a Trustee must liquidate non-exempt assets to pay your creditors and see all other legal matters resolved. This process can…

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When do you know it’s time to file bankruptcy?

All of us have our own threshold of tolerance of anything. That includes debt.  So how much debt is enough and when it will be time to do something about it. Might I suggest that when you have a problem that is likely to get out of hand you should deal with it as soon as possible.  At least…

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Utah County Backruptcy Attorney Services

Bankruptcy and the lose of a home
Bankruptcy for farmers
Is bankruptcy the only option?
Bankruptcy with medical bills
Can an LLC file bankruptcy?