questions about bankruptcy

Most of the above mistakes can be fixed by simply by timing when you file your case. There are time periods for many types of transfers or actions — which means the bankruptcy court will examine certain types of transactions only within a certain period of time before you file. By delaying the filing of your bankruptcy until these periods have expired, you may be able to avoid problems. An experienced bankruptcy lawyer can walk you through the process and help you succeed in obtaining a fresh financial start before you file bankruptcy.

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utah bankruptcy guy courtroom

There is a bankruptcy court for each judicial district in the country. Every state has one or more of these judicial districts. In Utah there is currently only one judicial district. There are 90 bankruptcy districts across the country. The bankruptcy courts usually have their own clerk’s offices like we have here in Utah.

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Origin utah bankruptcy

So who invented bankruptcy? Bankruptcy is in the news right now as many retail business and families are struggling in the current economy. Here in Utah the number of cases filed each month is on the rise.

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ch 13 bankruptcy

File Bankruptcy But Which One? Many people ask me which bankruptcy to file. As with many things in life, the answer really depends on your particular circumstances. Since there are actually several different kinds of bankruptcy it may be easy to eliminate a few of them since some are applicable to very specific parties, such…

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Are bankruptcy filings published in the newspaper? This question relates well to another one of our frequently asked questions: “are bankruptcy cases public record?” If you haven’t read the answer to that question yet, take a second to do so as it might help clear up some of your concerns about word getting around that…

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There really isn’t a bankruptcy that is “worse” it all depends completely on your financial situation, your goals and needs.  A Chapter 7 Bankruptcy commonly called a liquidation.  Chapter 7 allows individuals to give up certain nonexempt assets and walk away from most of the individuals debts. To qualify, debtors must pass the means test…

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There appears to be a lot of confusion out there about what is actually a bankruptcy dismissal vs discharge.  These are two very different things and you should understand both of them. When you are a debtor you do not want a dismissal of your case.  A bankruptcy dismissal will closed your case in fact…

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Good financial habits must be cultivated and maintained over time in order to raise your credit score after you file for bankruptcy. Here are three simple steps that can help you improve your credit rating. 1.Pay your debts early and religiously to make sure you are always in good standing. 2.Getting a secured, affordable loan and paying it back…

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In Utah when facing a debt crisis, the decision to use or not to use your retirement account to bail you out of the crisis is an important one. Too often we see prospective bankruptcy clients come into the office who have just recently cashed in their retirement accounts in an attempt help them survive their financial problems only to realize that…

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This is a common question here at the office: Is there a certain amount of debt that somebody needs to have before they can file a Utah bankruptcy. The answer is that there is no minimum amount of debt that is required to file for bankruptcy protection.  Sometimes you can actually have too much debt to…

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