Archive for October 2017

Bankruptcy to get out of debt

Bankruptcy wipes out some debts but it doesn’t wipe out all debts.  When you are looking into bankruptcy you will want to know what kind of debts you have and what kinds of debts will and won’t be eliminated by bankruptcy. Some of the debts that a bankruptcy will be able to eliminate are credit…

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Bankruptcy to stop lawsuit

Filing for bankruptcy will stop a civil lawsuit at least in the short term . The automatic stay is what will prohibit people from collecting from you and you will be protected from a judgment being entered in the lawsuit until a creditor takes the necessary steps to get a court order allowing them to…

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When bankruptcy is the only option

There are a several signs that indicate bankruptcy is probably your best or only financial option. These include when you actually have income but not enough income to pay for your basic need so you start to use a credit card to pay for your basic needs.  Since you cant pay your basic needs you…

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Why bankruptcy law

You may ask yourself about the purpose of bankruptcy law and why there is such thing as a bankruptcy process. Could it give people an incentive to not pay their debts back or to accumulate large amounts of debt only to have it discharged by a bankruptcy?  I guess some people think this way but…

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Why bankruptcy happens

Bankruptcy happens as a result of being insolvent, or unable to pay back your debts. Bankruptcy is a legal status that lasts for a few month to several years depending on the kind of bankruptcy you pursue.  It is an alternative to get rid of debts that you are unable to pay by yourself. It…

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Bankruptcy with divorce

Whether you should file a bankruptcy before or after your divorce depends upon your debts, properties, where you are living and a web of other issues. When considering bankruptcy with divorce you will want to consider all options to know if you should get divorced first or file for file a bankruptcy first, that way…

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Bankruptcy without affecting spouse

Sometimes only one of the parties in a marital relationship has debt and needs to file for bankruptcy.  Sometimes some or all of the debt is held in both parties names.  If one spouse files for bankruptcy individually, only the person who filed for bankruptcy will be able to get a discharge or relief from…

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Bankruptcy to avoid lawsuit

Bankruptcy can be a valuable tool to stop a lawsuit.  It depends, of course, on what kind of bankruptcy you file and if your debts are dischargeable or nondischargeable.   Many people file what is called a preemptive bankruptcy where they file after being sued by a creditor but before a judgment is actually entered…

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Bankruptcy without losing house and car

Many people wonder if they can file for bankruptcy without losing their house and car.  This can be a loaded question since there are so many different kinds of bankruptcy with a number of different options.  The simple answer is YES but with all things in the law its qualified.  Typically cars with little or…

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Why bankruptcy is the best option

Bankruptcy helps people who can no longer pay their debts on their own get a fresh start by liquidating their assets to be able to pay their debts or by creating a repayment plan.  These are called Chapter 7 bankruptcy and Chapter 13 bankruptcy respectively. Filing for bankruptcy will in most cases prevent your creditors…

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Utah County Backruptcy Attorney Services

What to do before a bankruptcy
Bankruptcy for farmers
Is bankruptcy the only option?
Bankruptcy with medical bills
Can an LLC file bankruptcy?