Here are the Top 10 Questions we think what you should ask (and the lawyer should be prepared to answer) during your first consultation: 1. Should I file for bankruptcy? This question will most likely provide you with a lot of answers. The lawyer should explain that there are five different types of bankruptcy. Most… Continue reading What you should ask
Category: Chapter 13 bankruptcy
8 Interesting Things to Know About Filing Bankruptcy
Eight Interesting Things to Know About Filing Bankruptcy. The following are interesting things to know about filing bankruptcy. The decision to file bankruptcy can be tough so here are eight things you need to consider or know about before you make that decision: 1. Deadlines. Deadlines are critical in bankruptcy court. The rules in bankruptcy… Continue reading 8 Interesting Things to Know About Filing Bankruptcy
Do I need credit after bankruptcy
Many times I am asked do I need credit after bankruptcy? If you have just filed a Chapter 7 or Chapter 13 bankruptcy due to financial problems with credit, creditors and/or credit cards or overwhelming medical debt you may have said to yourself that you will never no way no how use credit again. Most… Continue reading Do I need credit after bankruptcy
What happens on your credit report when you file bankruptcy
One common question I hear is what happens on your credit report when you file bankruptcy ? The first thing you need to realize is bankruptcy filings are a public record. The fact you filed for bankruptcy can legally be listed on your credit reports. As long as it is listed on your report your… Continue reading What happens on your credit report when you file bankruptcy
The automatic stay
When a bankruptcy case is filed there is something created immediately upon the filing of the case called the automatic stay. The automatic stay is a very broad court injunction against the continuing of any action by creditors, collection agencies, and government entities against the debtor or the debtor’s property. Under 11 U.S.C. §362 is… Continue reading The automatic stay
Is bankruptcy like welfare
While welfare and bankruptcy are both used by people with financial struggles they serve very different purposes. Welfare is provided by state or federal governments for eligible citizens and residents who lack sufficient means to support their own basic needs. Think of it as a small boost of income. (Government gets its funds from taxpayers,… Continue reading Is bankruptcy like welfare
Bankruptcy when should you file
The answer to this question depends on several things. Is your house in danger of being foreclosed upon? Are creditors calling you all the time? Is your car in jeopardy of being repossessed? There are just a few of the many reasons why folks ask about bankruptcy when should you file. Working with your lawyer you… Continue reading Bankruptcy when should you file
Mortgage Statement During Bankruptcy
A mortgage statement during bankruptcy? We laughed at that question for years since debtors almost never get any help with their mortgage information after they file for bankruptcy. But finally the times are a changing – for the good of everyone – debtors and lenders. Some new mortgage servicing rules that just went into effect… Continue reading Mortgage Statement During Bankruptcy
Debts in Bankruptcy
Types of Debts in Bankruptcy There are different types of debts in bankruptcy. Not all debts are treated the same in bankruptcy since Congress decided that certain types of debts are more important than others types of debts in bankruptcy. As a result, the way bankruptcy affects a particular debt depends on what kind of… Continue reading Debts in Bankruptcy
Bankruptcy trustee
Although the trustee in bankruptcy is not a judge, he or she has tremendous influence over a bankruptcy case. Many of my clients do not know what this person does. So here is the quick version of the role of a bankruptcy trustee in Utah and nationwide. So just who is the bankruptcy trustee? Trustee… Continue reading Bankruptcy trustee