Category: Bankruptcy

Bankruptcy where you pay back

Chapter 13 bankruptcy where you pay back your debts has a number of benefits including: a lower level of risk to the debtor loosing assets (i.e. home, cars, etc.), ability to catch up missed mortgage and car payments, lower risk level of litigation from creditors, as well as means to pay back creditors in a fair and equitable manner.

How will bankruptcy affect my mortgage?

A Utah bankruptcy might actually help you to keep your home. Chapter 13 and to some extent Chapter 7 provide ways for you keep your home. Although, you cannot just file for bankruptcy protection and not inform your mortgage lender, you can treat how the loan is treated during a bankruptcy case and there are ways to assure the lender that you will be keeping the home and making the mortgage payment.

Bankruptcy where to file

Bankruptcy where to file? This question could be answered two different ways; hopefully one of which is the answer you are looking for! To begin with, your bankruptcy case will be filed with the federal district court of the location you have lived in for the past 180 days

Who are bankruptcy trustees

If you are looking for information on bankruptcy trustees in Utah you can download my FREE book on filing bankruptcy in Utah to get the up to date list of the Trustee’s and their contact information. If you are looking for an experienced Utah bankruptcy lawyer give us a call to set up a consultation and to learn your bankruptcy options.

Are bankruptcy notices published?

It’s important to understand that everything filed in a bankruptcy case is a matter of public record (except confidential information, such as a Social Security number). So technically, your bankruptcy filing would be available for viewing by anyone willing to go through the steps to see it. But remember most people wouldn’t bother.

Bankruptcy and my divorce

Bankruptcy and my divorce is something that should be timed and planned if at all possible. First you have to understand that these two distinct legal actions (bankruptcy and divorce) will not take place simultaneously in the same court. Bankruptcy is part of the Federal Court System and divorce is part of a State Court System. You need to understand and your marriage status (including expenses and income) can greatly impact the type and outcome of filing for bankruptcy.

Does bankruptcy show on credit report?

Does bankruptcy show on credit report? The bankruptcy public record will remain in your credit report for up to 10 years from the filing date. Chapter 13 bankruptcy remains for seven years and Chapter 7 remains 10 years. Accounts included in the bankruptcy will have their status updated to show that they are included in the bankruptcy. They will be deleted seven years from the original delinquency date of the account. The accounts usually are deleted before the bankruptcy public record because in most cases they are delinquent prior to bankruptcy being filed.

When is bankruptcy a good idea

Bankruptcy should not be approached casually. After all, it’s not a simple, easy cure-all for out-of-control spending.  Bankruptcy used in the right way at the right time can save you money, preserve your peace of mind and get you back on your feet financially. So when is bankruptcy a good idea? I ask my clients… Continue reading When is bankruptcy a good idea