The simple answer to what bankruptcy means is that “the bank is broken.” What bankruptcy means that you most likely do not have sufficient assets or money to pay off or cover your debts. What bankruptcy means in todays usage is a legal maneuver that can help way to wipe out those debts that you… Continue reading What bankruptcy means
Category: orem bankruptcy
Saturday bankruptcy consultation
Have you ever wondered if bankruptcy was a solution to your problems? We are participating in the Saturday Bankruptcy Clinic this coming Saturday. This Saturday bankruptcy consultation will be FREE at our Orem location: 1215 S Main Street, Orem, Utah. We know that it is sometimes hard to take off from work and so we… Continue reading Saturday bankruptcy consultation
Bankruptcy for child support
Congress decided that child support is too important to be discharged in a bankruptcy. It is not possible to get a discharge in bankruptcy for child support. Child support has been granted a priority status in bankruptcy. As a result of that your child support will be placed in as a priority debt in… Continue reading Bankruptcy for child support
Bankruptcy who to contact
When considering to file bankruptcy who to contact is a big deal. Since bankruptcy is most likely one of the bigger financial decisions you will make in your life finding the right attorney to help is important. When your filing make the decision to consider bankruptcy who to contact is the logical next decision. You’ll… Continue reading Bankruptcy who to contact
Bankruptcy without assets
There is no requirement to have assets when you file bankruptcy so you can certainly file bankruptcy without assets. In a “No Asset” Chapter 7 bankruptcy case, the debtor doesn’t own any assets or property that the creditors can take therefore they have a bankruptcy without assets. The debtor possesses nothing that can be sold… Continue reading Bankruptcy without assets
Bankruptcy and tax refunds
Many people have questions about bankruptcy and tax refunds. Some come to see their income tax refunds as a type of yearly bonus. In reality these refunds are usually caused by having paid too much in taxes during the past year. Many times people come to rely upon these refunds for planned yearly spending to… Continue reading Bankruptcy and tax refunds
Bankruptcy when married
There is no requirement that you and your spouse jointly file bankruptcy when married. You can choose whether to file for bankruptcy with your spouse or as an individual. The decision on filing bankruptcy when married should be based on the in depth analysis of you financial condition however. It will usually depend on if… Continue reading Bankruptcy when married
Are bankruptcy proceedings public
A very common question that we get is are bankruptcy proceedings public ? Yes, you should be able to attend most bankruptcy meetings so again are bankruptcy proceedings public yes. The only times that bankruptcy proceedings will be closed to the public are when there is a party present that has an overriding interest and… Continue reading Are bankruptcy proceedings public
Bankruptcy with car loan
Filing bankruptcy with car loan can be a complex process for the unwary. If you are trying to keep a car during the bankruptcy process then you really should hire a bankruptcy attorney with experience helping people keep their cars in bankruptcy. There are a few different options within a Chapter 7 bankruptcy if you… Continue reading Bankruptcy with car loan
Bankruptcy with medical bills
Medical debt is on of the most common reason that people file for bankruptcy. It even surpasses mortgage debt and credit card debt. Bankruptcy with medical bills occurs when the price of treating a disease, injury or sickness becomes greater than what the patient is able to pay. Even some individuals with medical insurance have… Continue reading Bankruptcy with medical bills