There is no requirement that you be employed to file for bankruptcy. For some reason this rumor is floating around out there, I hear this from time, from potential clients. In fact, bankruptcy without a job, is one of the most common reasons people file for bankruptcy in Utah. However, being unemployed can affect… Continue reading Bankruptcy without a job
Category: orem bankruptcy
When bankruptcy ends
So if the goal of a bankruptcy is a discharge, then the question is, when bankruptcy ends. Most people think that a bankruptcy usually end when you are discharged. But the case is not technically over at that point. The court will grant a discharge in a Chapter 7 bankruptcy case usually within about 120… Continue reading When bankruptcy ends
Utah Bankruptcy Laws
Chapter 13 Bankruptcy or Chapter 7 Bankruptcy in Utah. Utah bankruptcy laws were created to provide specific relief for business owners, individuals and families whose lives are being disrupted by excessive debt. The laws have two basic goals: Debt elimination and property protection. The Utah bankruptcy laws are set forth under federal law. Article I,… Continue reading Utah Bankruptcy Laws
Bankruptcy with no income
There is no income requirement to file for Chapter 7 bankruptcy. Being unemployed with no income makes it easier for you to qualify for a Chapter 7 bankruptcy. This kind of bankruptcy can offer you a new start if you are under employed or after a loss of employment and for the most part your… Continue reading Bankruptcy with no income
How bankruptcy affects you
When you file for a bankruptcy, your life can be affected in several ways. It can affect you both positively and negatively in some ways. Some of the positive effects of bankruptcy are that your debts will be under control and you can get instant relief from creditors, collecting agencies, and the debts that are… Continue reading How bankruptcy affects you
Filing bankruptcy versus foreclosure
These two options are not mutually exclusive as some think. If you are facing one of them you may be facing the other as well. Since filing for bankruptcy will eliminate some if not all of your debts, you can decide to file bankruptcy before a foreclosure on property the debt most likely will be… Continue reading Filing bankruptcy versus foreclosure
Tax refunds and bankruptcy
Some people come to see their income tax refunds as a yearly bonus. In reality these refunds are usually caused by a taxpayer having paid too much in taxes during the past year. Sometimes people have even come to rely upon these refunds for planned yearly spending to catch up on bills, go on vacation,… Continue reading Tax refunds and bankruptcy
The Bankruptcy Guy
In today’s mail came the official Trademark for “The Bankruptcy Guy“. For years my friends have called me “the bankruptcy guy” and last year I started looking into the process of obtaining the official trademark to the name. In the end it took nearly a year and hours of legal work to obtain the mark. … Continue reading The Bankruptcy Guy
How bankruptcy works
The idea of bankruptcy has been around for a very long time. The basic idea of how bankruptcy works has been around as long as history itself you can even read about the concept of bankruptcy in the Bible. So its not surprising that millions of Americans file for bankruptcy protection every year. This idea… Continue reading How bankruptcy works
Bankruptcy to remove student loans
It is commonly said that student loans are impossible to remove through filing for bankruptcy. However, that is not always true. It is a common misconception about bankruptcy. To remove student loans through a bankruptcy, it is not an easy process but it is possible. There are a few criteria that you have to meet… Continue reading Bankruptcy to remove student loans