Hiring a bankruptcy lawyer is a wise move

When a bankruptcy lawyer takes on a bankruptcy client he or she knows that there are a bunch of good things that they can do for that client. Sometimes, however, I think attorneys forget to tell the client what some of the great things are that they can accomplish

Debt That Can’t Be Forgiven

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:

Reverse Mortgage and Bankruptcy

Consequences of Bankruptcy?

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…

Why bankruptcy is smart

Do you know why bankruptcy is smart? Some people think bankruptcy is the equivalent of failure, but sadly they are misinformed. Active measures in accordance with the law that alleviate undue burden is the opposite of passivity and unassociated with failure in every regard. Many lawyer from across the country would confirm that bankruptcy is… Continue reading Why bankruptcy is smart

Are bankruptcy fees tax deductible?

Bankruptcy discharge paperwork

Are bankruptcy cost and fees considered tax deductible? When looking at that kind of tax deductions that are available when you are in bankruptcy you first need to understand that there are difference depending on the kind of bankruptcy case you filed be it Chapter 7 or Chapter 13.

Can I file bankruptcy with a leased car?

Can I file bankruptcy with a leased car? Yes, you can file bankruptcy with a leased car in Utah but if you are hoping to retain the vehicle, there are special requirements that your attorney will need to follow in order for you to keep the car. You can keep a vehicle in Chapter 7 Bankruptcy or… Continue reading Can I file bankruptcy with a leased car?

Bankruptcy: Chapter 7 How Long Does It Take

If you are considering filing for Chapter 7 bankruptcy in Utah, one of the first questions you probably have is “how long does it take?” The answer, like many things in life (and certainly in the law), is that it depends. Every bankruptcy case is different and it also depends on the chapter you file.… Continue reading Bankruptcy: Chapter 7 How Long Does It Take

How bankruptcy affects your life

This topic is complex and difficult to answer concisely since many different aspects of your life can be impacted by filing for bankruptcy. Here are three ways bankruptcy affects your life. Sometimes people feel guilty or ashamed that they have gone bankrupt, particularly since society has developed a negative stigma around bankruptcy. However, like any… Continue reading How bankruptcy affects your life

The Bankruptcy Lab

Lets face it the task of gathering up your entire financial history and organizing it for a bankruptcy attorney sounds like as much fun as going to the dentist – not the good dentist – but the one that never gives enough mouth numbing stuff before they start to drill…we have been there and we… Continue reading The Bankruptcy Lab