You may want to consider filing bankruptcy to keep your home, or at least use it to delay foreclosure in some difficult circumstances. The majority of people that declare bankruptcy are able to keep their home throughout the process, but some are not. The government does not expect landlords and other property owners to provide… Continue reading Bankruptcy to keep your home
Category: provo bankruptcy
Doing medical bankruptcy
Out-of-pocket medical costs—like deductibles, doctor’s office co-pays, and prescription drugs—pushed more than 10 million Americans below the poverty line in 2015, according to the U.S. Census. So its not surprising that the leading cause of personal bankruptcy in the US is linked to medical expenses. Bankruptcy lawyers deal with doing medical bankruptcy on a daily… Continue reading Doing medical bankruptcy
Bankruptcy and inheritance
Bankruptcy and inheritance in Chapter 13 bankruptcy: If you receive an inheritance while you are in the midst of a Chapter 13 bankruptcy repayment plan, most courts will require that you pay this amount into your Chapter 13 plan. In a Chapter 13 bankruptcy case you propose a plan to repay your creditors over a… Continue reading Bankruptcy and inheritance
Bankruptcy to avoid judgment
Should you file bankruptcy to avoid judgment being entered against you? Not an uncommon question around here. First of all lets talk about what a judgment is all about: A judgment is the result when you are sued and either don’t respond to the lawsuit or lose the lawsuit. The judge, in finding in favor of… Continue reading Bankruptcy to avoid judgment
Is bankruptcy like stealing
Is bankruptcy like stealing? I have had this question recently ask of me. My response in that is utterly false. Every year, over one million people file for bankruptcy, whether through Chapter 7, Chapter 12 or Chapter 13. These are good people who are in difficult financial situations. While there is always a few bad… Continue reading Is bankruptcy like stealing
Bankruptcy and IRS Form 1099
So I have been getting a bunch of calls from my clients lately about bankruptcy and IRS Form 1099 that they received in the mail. This being tax time and all it’s important to know your rights. If you filed bankruptcy last year make sure you tell your tax preparer about it – especially if… Continue reading Bankruptcy and IRS Form 1099
When bankruptcy is dismissed
There are a number of reasons why a bankruptcy case can be dismissed. Typically, the causes go from intentional misconduct (i.e., fraud and bad acts) to the failure to do something like to file the correct forms with the court or attend a required hearing. Here are some of the most common reasons when bankruptcy… Continue reading When bankruptcy is dismissed
Where are Utah bankruptcy petitions filed
Where are Utah bankruptcy petitions filed is a common question. You need to first understand the two court system we have in the United States. There are state court systems and the federal court system. Bankruptcy and is related laws and rules stem from a clause in the U.S. Constitution making bankruptcy part of the… Continue reading Where are Utah bankruptcy petitions filed
What bankruptcy can I file
In order to determine what bankruptcy can i file for or if you are eligible for bankruptcy, you must take the means test. in 2005 Congress made major changes to the bankruptcy laws via changes to the U.S. Bankruptcy Code. One of the new changes was something called the “Means Test”. The means test will… Continue reading What bankruptcy can I file
How bankruptcy stops foreclosure
First lets establish that foreclosures don’t happen overnight, it is usually after 3 or 4 missed payments on a mortgage that lead to a foreclosure action being filed. Foreclosure is the action a lender takes to obtain possession of the property that the loan was secured upon. For most people when they talk about… Continue reading How bankruptcy stops foreclosure