Bankruptcy to stop foreclosure is the legal means to help you preserve your property. Bankruptcy can be a safe and affordable way to rebuild your financial life after a trying period of time. Help is out there so reach out to an attorney that can help you in your time of need
Category: Chapter 13 bankruptcy
Bankruptcy: Can I bounce back?
Sometimes you need the protection of the legal system in this country to get a do over. I find that most people by following some simple principles will thrive after bankruptcy. That is what we do at the Utah Bankruptcy Guy. Its our belief that tomorrow will be a better day and success is in your post bankruptcy future. We will give you the resources to come out of bankruptcy stronger and focused on a brighter tomorrow. Can I bounce back – of course you can!
Bankruptcy Planning
Because of abuses of the bankruptcy system in the past the current Bankruptcy Code is designed to penalize multiple bankruptcy filers. This multiple filing is called “serial filing” in the bankruptcy world. Individuals who are “serial filers” can lose important benefits in their bankruptcy – the most important of which is called the automatic stay – the act of stopping immediately a foreclosure, lawsuits or other collection activity.
What Will Happen After You File for Bankruptcy?
So the natural question you will ask yourself after you file for bankruptcy is now what? This post is to assure you that asking what will happen after you file for bankruptcy is a common and necessary question
Where does bankruptcy debt go?
Where does bankruptcy debt go? To be clear bankruptcy is a legal proceeding one carries out in the US Bankruptcy Courts to allow individuals or businesses to obtain freedom from their debts. It can also simultaneously providing creditors an opportunity for repayment of the debt under a court guided repayment program.
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.
Bankruptcy who knows
So bankruptcy who knows? Obviously anyone you owe money to at the time you file will need to be notified. Creditors are notified since payments to them will likely be affected by the bankruptcy proceedings. However other than creditors and your attorney very few other will be notified of you case filing. Even though bankruptcy filings are a matter of public record, they are usually not publicized unless the individual filing is a public figure.
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.