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Which bankruptcy to file
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…
Read MoreAre bankruptcy filings published in the newspaper
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…
Read MoreWhich bankruptcy is worse
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…
Read MoreBankruptcy dismissal vs discharge
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…
Read MoreThree Ways To Improve Your Credit Score After Bankruptcy
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…
Read MoreYour Retierment Account in Bankruptcy
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…
Read MoreCan I have too much debt to file for bankruptcy?
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…
Read MoreBankruptcy and Divorce
More often than not divorce and financial difficulties go hand in hand. If you think about it this makes sense, because when two people who had previously been sharing at least some of their living expenses decide to part ways and establish separate households, each of them becomes responsible for paying for everything that they then…
Read MoreIf I'm married do I have to file bankruptcy with my spouse?
No, the United States Bankruptcy code does not require married couples to file together. However, in most of the cases I see, both spouses usually choose to file together. But there are exceptions, such as recent newlyweds, sometimes only one spouse files thereby preserving the credit standing of the other, non-filing spouse. You do need to…
Read MoreWill I lose my car if I file for bankruptcy?
I get this question all the time. “I need my car to get to work – will I lose it if I file for bankruptcy?” That’s a loaded question and hard to answer in 30 seconds. What you need to understand that every case is different but in most cases you can choose a type…
Read MoreUtah County Backruptcy Attorney Services
