Archive for December 2017

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…

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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…

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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…

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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…

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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,…

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How bankruptcy helps

Bankruptcy can seem like a scary and overwhelming proposition to many people. But the truth is, it can help you out if you are stuck with overwhelming debt and a lack of resources to pay the debt. How bankruptcy helps: It can give you financial freedom and relief that you have been seeking. Bankruptcy will…

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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…

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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…

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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…

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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,…

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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?