According to a recent article in the New York Times there is a tsunami wave of foreclosures and evictions about to occur in this country due to the Covid-19 pandemic. Up until this point, government aid has kept a dozen million Americans in their homes, but that cushion won’t last forever. Polls and surveys show that in the next few months it’s estimated that 2 million Americans will be evicted from their homes and apartments for the next several month.
Category: utah county bankruptcy
Bankruptcy during Covid-19
The different procedures for bankruptcy during Covid-19 seem to vary between law firms and the bankruptcy courts. For example a number of local firms have closed their offices and are not taking clients. We have embraced the new changes and technology that make it so we can still offer high quality, full service bankruptcy to our clients.
Bankruptcy after COVID 19 – 5 Things to Know
The people that come out of bankruptcy in the best shape tend to be the ones who got expert advice early. You can get referrals from the National Association of Consumer Bankruptcy Attorneys, and the first meeting is typically free. Bankruptcy after COVID 19 does not mean you should rush to file for bankruptcy since your situation could improve, or things could get much worse. You need to understand that a Chapter 7 Bankruptcy can only be filed once every eight years so you will want to file when you can erase the maximum amount of debt.
Bankruptcy: Can I bounce back?
Sometimes you need the protection of the legal system in this country to get a do over. I find that most people by following some simple principles will thrive after bankruptcy. That is what we do at the Utah Bankruptcy Guy. Its our belief that tomorrow will be a better day and success is in your post bankruptcy future. We will give you the resources to come out of bankruptcy stronger and focused on a brighter tomorrow. Can I bounce back – of course you can!
Will bankruptcy affect my car insurance?
Will bankruptcy affect my car insurance? If you are lucky, the only factor negatively impacting your insurance rates will be your credit score, but depending on which company you use as an insurance provider, the other factors may also cost you more money each month.
COVID-19: Connecting to our Clients
The Law Office of Douglas Barrett, LLC is and will remain dedicated to helping our clients in difficult times. We recognize that with the constantly changing COVID-19 situation around the world, this is an unprecedented time for everyone and many people have concerns about their financial future. Our commitment to continue to help people file… Continue reading COVID-19: Connecting to our Clients
Bankruptcy Petition Preparer: Why you should avoid!
Hiring a bankruptcy petition preparer is a really bad idea. It’s also not a cost-effective. Instead, hire an experienced bankruptcy lawyer to guide you through the process.
Life after Bankruptcy: How to Create a Budget
Obtaining credit after bankruptcy is the key to having a credit life – after bankruptcy. Using credit wisely can help you get back on your feet quickly after bankruptcy. So even though you might qualify for a credit card you still need to use the credit you have wisely to create a budget. Make small charges on credit cards and pay the debt off each month. Don’t try and carry a balance from month to month since that may have been what got you into financial trouble before your bankruptcy.
Bankruptcy Planning
Because of abuses of the bankruptcy system in the past the current Bankruptcy Code is designed to penalize multiple bankruptcy filers. This multiple filing is called “serial filing” in the bankruptcy world. Individuals who are “serial filers” can lose important benefits in their bankruptcy – the most important of which is called the automatic stay – the act of stopping immediately a foreclosure, lawsuits or other collection activity.
What Will Happen After You File for Bankruptcy?
So the natural question you will ask yourself after you file for bankruptcy is now what? This post is to assure you that asking what will happen after you file for bankruptcy is a common and necessary question