If you’ve ever considered filing bankruptcy, you’ve probably wondered, “What are the benefits to filing bankruptcy?”. This is an important question to ask, and one we are happy to answer. The benefits can be divided up into six different sections.
Category: utah bankruptcy attorney
Did A Lot of People File Bankruptcy Last Year?
In the year 2020, 544,463 people filed bankruptcy in the United States. That number may seem enormous, but in reality, Bankruptcy filings in 2020 were the lowest they have been in thirty-five years. This may seem counterintuitive for the type of year 2020 was, but it makes sense when you think more about the government assistance that a lot of people received last year.
Will filing bankruptcy affect my immigration status
So good news, filing bankruptcy will not affect immigration status, green card or the ability to apply for US Citizenship. The only way it could possibly affect these processes, is if it is found later that you had lied in your bankruptcy case under oath, or left out information in the bankruptcy petition,
Bankruptcy and Benjamin Franklin
We can learn a lot from Franklin’s perspective. Unhealthy spending habits, lack of discipline and debt can be very cancerous to our lives. So what else has he said on this topic? A well-known quote of his is as follows: “For age and want, save while you may. No morning sun lasts the whole day.”
Money Talks
Relationship money talks about finances should be happening often in serious relationships. They are especially important when you and your significant other are talking about joining your future together in a marriage. When you get married, your spouse’s financial situation can really affect you.
Will bankruptcy affect my husband?
Sometimes filing bankruptcy individually isn’t necessarily the best option if you and your spouse share debts, and only one one of you files since debt collectors still have the ability to contact the non-filing spouse regarding debt payments. Filing jointly can be beneficial to your spouse in that situation, because it could protect them from debt collectors.
Cosigners and Bankruptcy
The idea that Shakespeare is illustrating in Hamlet relates very closely to the modern day concept of being a cosigner to someone else debt. Ever wonder what happens if the guy you cosigned with filed bankruptcy? How does cosigners and bankruptcy work? Let the Utah Bankruptcy Guy explain:
5 Questions About Bankruptcy With A Car Loan
Here are 5 common questions about bankruptcy with a car loan you want to talk with your attorney about. Since every situation is different an experience bankruptcy attorney will be able to clarify the options… but you should ask them the questions for piece of mind.
Why file Chapter 13 Bankruptcy
If you’ve ever wondered, “Why file Chapter 13 bankruptcy?” This post might help. Before we can answer that question, however, we will need to learn more about what Chapter 13 Bankruptcy is and what it entails.
Why file bankruptcy Chapter 7
The Supreme Court has said that “[t]he principal purpose of the Bankruptcy Code is to grant a fresh start to the honest but unfortunate debtor.” The filing of a Chapter 7 bankruptcy puts a stop to most attacks on, and efforts to collect from the debtor. It is also the fastest, simplest and most common type of bankruptcy.