Archive for June 2019

When bankruptcy is a good idea

smart bankruptcy

When bankruptcy is a good idea is actually not dependent on the immediate financial difficulties of today. In order for the bankruptcy court to approve your case they will actually evaluate a snapshot of your finances for the past six months and also consider the foreseeable outlook for your situation in the months to come.

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Debt That Can’t Be Forgiven

what debts cant be forgiven in bankruptcy

Obviously getting rid of debt is the reason you are considering bankruptcy. So while a Chapter 7 or Chapter 13 bankruptcy can eliminate a lot of debt, it can’t wipe out every kind of debt mainly if you have certain types of unforgivable debt. The types of debt that bankruptcy will not eliminate include:

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Consequences of Bankruptcy

Medical Bankruptcy

Consequences of Bankruptcy. Bankruptcy information on your credit report may make it very difficult to get additional credit shortly after the bankruptcy is discharged — at least until the information cycles off your credit report. It will be important to begin rebuilding your credit right away, making sure you pay all your bills on time. You’ll also want to be careful not to fall back into any negative habits that contributed to your debt problems in the first place.

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Bankruptcy Discharge Papers

judgment bankruptcy

After you have gone through the process of filing for bankruptcy, attending your creditor meeting hearing, and followed all other instructions given to you by your attorney, the trustee, and the court, your case will eventually be discharged and will receive your bankruptcy discharge papers.

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Reverse Mortgage and Bankruptcy

Insiders Guide to Utah homestead law

Bankruptcy can be a violation of the reserve mortgage agreement so it is vital that you have your attorney look at the agreement to determine if this is the case. There are three important things that you and your attorney should consider before filing the bankruptcy…

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Utah County Backruptcy Attorney Services

Bankruptcy discharge paperwork
Utah Homestead Exemption Law
Is bankruptcy the only option?
Bankruptcy with medical bills
https://utahbankruptcyguy.com/are-bankruptcy-cases-public-record/