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
Category: Utah Bankruptcy
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
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
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 for LLC
If your business is organized as a corporation or a limited liability company (LLC), your personal assets are usually protected from business creditors –unless you specifically gave up your so-called “limited liability” protection. Unfortunately, you may have done so if the bank or other creditor required a personal guarantee and/or personal security before loaning you… Continue reading Bankruptcy for LLC
Why bankruptcy is bad
Filing for bankruptcy may have a bad reputation for several reasons. Years ago I had an old friend stop by my law office and tell me all the reasons why he thought that bankruptcy was wrong. He pontificated that it was merely a way to cheat creditors out of money and he knew of so-and-so… Continue reading Why bankruptcy is bad
Bankruptcy for medical debt
Medical debts are one of the most common reasons that people need to seek bankruptcy relief. With out of control medical costs and increased insurance premiums more and more people are forced into financial ruin with just a day or two stay in hospital. With passage of the Affordable Heath Care Act it was assumed… Continue reading Bankruptcy for medical debt
Are bankruptcy records public
Yes bankruptcy records are available to the public. There is website where bankruptcy records are posted as they occur called Public Access to Court Records or PACER. They will most likely just be looked up by attorney’s however, because on the PACER website it costs money to review each page and to open an account… Continue reading Are bankruptcy records public
Bankruptcy to keep house
Keeping assets during a bankruptcy is dependent on how much you owe for them, how much they are worth, and also the type of bankruptcy you are planning to file for bankruptcy to keep house. The most common bankruptcy is a Chapter 7, and generally people file for this kind of bankruptcy because they do… Continue reading Bankruptcy to keep house