Bankruptcy without losing house

Filing bankruptcy without losing house happens all the time.  This is usually one of biggest concern with my clients that own property.  It’s understandable that there is so much concern about filing bankruptcy without losing house since our homes are usually are largest asset (and usually our largest debt).  Most people are able to keep… Continue reading Bankruptcy without losing house

Bankruptcy without a job

There is no requirement that you be employed to file for bankruptcy.   For some reason this rumor is floating around out there, I hear this from time, from potential clients.  In fact, bankruptcy without a job, is one of the most common reasons people file for bankruptcy in Utah. However, being unemployed can affect… Continue reading Bankruptcy without a job

Bankruptcy when to file

One of the most common search terms in the bankruptcy world is: bankruptcy when to file.  There are some many variables in that question that book could be written on the subject.  In some situations sometimes there is the right moment to file for bankruptcy. It could make sense to hold off filing to be able… Continue reading Bankruptcy when to file

When bankruptcy ends

So if the goal of a bankruptcy is a discharge, then the question is, when bankruptcy ends.  Most people think that a bankruptcy usually end when you are discharged.  But the case is not technically over at that point.  The court will grant a discharge in a Chapter 7 bankruptcy case usually within  about 120… Continue reading When bankruptcy ends

Utah Bankruptcy Laws

Chapter 13 Bankruptcy or Chapter 7 Bankruptcy in Utah. Utah bankruptcy laws were created to provide specific relief for business owners, individuals and families whose lives are being disrupted by excessive debt. The laws have two basic goals: Debt elimination and property protection. The Utah bankruptcy laws are set forth under federal law. Article I,… Continue reading Utah Bankruptcy Laws

Bankruptcy with no income

There is no income requirement to file for Chapter 7 bankruptcy.  Being unemployed with no income makes it easier for you to qualify for a Chapter 7 bankruptcy. This kind of bankruptcy can offer you a new start if you are under employed or after a loss of employment and for the most part your… Continue reading Bankruptcy with no income

How bankruptcy affects you

When you file for a bankruptcy, your life can be affected in several ways. It can affect you both positively and negatively in some ways. Some of the positive effects of bankruptcy are that your debts will be under control and you can get instant relief from creditors, collecting agencies, and the debts that are… Continue reading How bankruptcy affects you

Filing bankruptcy versus foreclosure

These two options are not mutually exclusive as some think.  If you are facing one of them you may be facing the other as well.  Since filing for bankruptcy will eliminate some if not all of your debts,  you can decide to file bankruptcy before a foreclosure on property the debt most likely will be… Continue reading Filing bankruptcy versus foreclosure

Tax refunds and bankruptcy

Some people come to see their income tax refunds as a yearly bonus. In reality these refunds are usually caused by a taxpayer having paid too much in taxes during the past year. Sometimes people have even come to rely upon these refunds for planned yearly spending to catch up on bills, go on vacation,… Continue reading Tax refunds and bankruptcy

The Bankruptcy Guy

In today’s mail came the official Trademark for “The Bankruptcy Guy“.  For years my friends have called me “the bankruptcy guy” and last year I started looking into the process of obtaining the official trademark to the name.  In the end it took nearly a year and hours of legal work to obtain the mark. … Continue reading The Bankruptcy Guy