The Bankruptcy Discharge in Utah: For those filing Chapter 7 bankruptcy in Utah the final goal is to have their debts discharged and to keep all nonexempt property. A discharge is designed to relieve debtors of personal liability for most debts and prevents creditors from taking any action to collect from the debtor after the… Continue reading Bankruptcy discharge in Utah- what is it
Category: Utah Chapter 7
Merry Christmas
Wishing all our readers a Merry Christmas and a Happy New Year! All the best! #utahbkguy
Bankruptcy without a social security number
It may be surprising to learn that it is possible to file for bankruptcy in the U.S. without being a citizen of the United States, or even a legal resident.
Bankruptcy versus short sale
First thing to understand, a short sale is when a homeowner, through the approval of their bank or mortgage lender, sells their home for less than what they owe on the mortgage. Potential home buyers must make a short sale offer, and homeowners then communicate this offer to the bank by applying for short sale… Continue reading Bankruptcy versus short sale
Recent Utah Median Income Number For Bankruptcy
As of November 1, 2018, the Census Bureau Utah Median Income by Family Size have been updated — this happens every 6 months. The Median Income Levels for Utah are up. This is important because the Utah median income number is a determining factor in the type of bankruptcy someone can file. If your income… Continue reading Recent Utah Median Income Number For Bankruptcy
Is there hope after bankruptcy
Recently I had an email from one of the first clients that bought my bankruptcy book: Life after bankruptcy: The Game Plan to Rebuild, Restore, and Renew Your Credit After Bankruptcy. I share just a part of his note: “Thank you. We appreciate your thoroughness in preparing us for the [bankruptcy] process and post process.… Continue reading Is there hope after bankruptcy
How will bankruptcy affect your spouse
This is a great question, and an important one to consider whether you are filing bankruptcy individually or jointly with your spouse. Also depends on whether you are filing Chapter 7 bankruptcy or Chapter 13 bankruptcy. One of the most common questions a Utah bankruptcy attorney receives is: “How will filing bankruptcy affect your spouse?”… Continue reading How will bankruptcy affect your spouse
Bankruptcy with credit card debt
Can I file bankruptcy with credit card debt? The short answer to this question is YES. Credit card debt is one of the common reason that people file for bankruptcy. Once your case gets filed the credit card companies and their collection agencies can no longer harass you with phone calls and letters or something… Continue reading Bankruptcy with credit card debt
Which bankruptcy is best
So which bankruptcy is best? There really isn’t a right or wrong type of bankruptcy–it all just depends on your circumstances and what would work best for your specific situation. To give you a general idea of which bankruptcy is best you need to understand the different kinds of bankruptcy, here’s a quick summary of… Continue reading Which bankruptcy is best
Can I file bankruptcy and keep a car?
One of the foremost questions in the minds of many people think about bankruptcy is Can I file bankruptcy and keep my car? For the majority of individuals owning a car is an absolute necessity. Unless you live in a large city how else would you be able to get to work or the grocery… Continue reading Can I file bankruptcy and keep a car?