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… Continue reading Bankrupt and over 65?
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… Continue reading Student Loans and Bankruptcy
Orem – Provo, Utah bankruptcy video just posted to YouTube. It is time to end your debt now!
When you’re thinking about filing for bankruptcy it’s critical that you hire an experienced bankruptcy lawyer to help you through the process. Most Utah lawyers offer free initial consultations in personal bankruptcy cases. This is good for the consumer since it will give you an opportunity to meet with different lawyers to determine who you… Continue reading What questions should you ask a bankruptcy lawyer at your first consultation?
So here is the inside scoop: 1. All bankruptcy attorneys filing in a specific court charge within a few hundred dollars of each other. This goes for the bankruptcy court in Utah. The reason: Bankruptcy fees are disclosed in all cases and they are easily available for viewing on-line by attorneys that work in that… Continue reading Looking for a cheap bankruptcy attorney near you? Something you should know:
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… Continue reading Can I File Bankruptcy For My Medical Bills?
If you want to keep your house or car after filing for bankruptcy then you need to continue to make monthly payments. The way you make the payment may very depending on the type of bankruptcy you file. You should make sure your Utah bankruptcy lawyer lets you know how you should be making your payments after your case… Continue reading After filing for bankruptcy do I need to keep paying my house and car payment?
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… Continue reading Three Common Utah Chapter 7 Bankruptcy Mistakes
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… Continue reading When will my bankruptcy case be over?
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… Continue reading When do you know it’s time to file bankruptcy?