When bankruptcy is removed from credit report? Bankruptcies typically stay on your credit report for around 10 years. It will be removed automatically at the end of that period. A Chapter 7 bankruptcy usually stays for 10 years and a Chapter 13 bankruptcy stays for around 7. Bankruptcy is removed from credit report automatically. According… Continue reading When bankruptcy is removed from credit report
Category: utah county bankruptcy
Bankruptcy discharge vs dismissal
May people confuse the difference between a bankruptcy discharge vs dismissal but they are two very different and distinct outcomes of bankruptcy. A bankruptcy discharge means that the requirements set out by the court have been met by the debtor(s) (the party filing the bankruptcy). In a Chapter 13 bankruptcy a discharge means that… Continue reading Bankruptcy discharge vs dismissal
Where are bankruptcy proceedings held
Are bankruptcy proceedings held in federal courts? In Utah those courts are located in Salt Lake City and in Saint George, Utah. The clerk of the bankruptcy court is located at the court in Salt Lake at 350 South Main Street, Salt Lake City in the Moss Courthouse on the Third Floor. Bankruptcy is part… Continue reading Where are bankruptcy proceedings held
Bankruptcy with no money
It is difficult to file bankruptcy with no money. Your attorney will charge you a retainer fee and then there is a court filing fee. In a strange way it’s ironic, but bankruptcy can seem like a very expensive undertaking when you have no money. Bankruptcy with no money can seem impossible. Are you wondering… Continue reading Bankruptcy with no money
What you should ask
Here are the Top 10 Questions we think what you should ask (and the lawyer should be prepared to answer) during your first consultation: 1. Should I file for bankruptcy? This question will most likely provide you with a lot of answers. The lawyer should explain that there are five different types of bankruptcy. Most… Continue reading What you should ask
Why does bankruptcy happen
Why does bankruptcy happen? Bankruptcy occurs when you are insolvent and can’t afford to pay off your debts. It is also the process of seeking legal advice from an attorney and from getting legal relief from your debts, and protection from your creditors. It can be the result of a lot of credit card debt,… Continue reading Why does bankruptcy happen
What Bankruptcy Can Do
Q. What bankruptcy can do for me? In a Chapter 7 bankruptcy will cover debts like medical bills, credit card charges, personal loans, (in very rare circumstances) student loans, business debts, auto accident claims, attorney fees, money owed over lease agreements, utility bills. In a Chapter 13 case the most common types of debts that… Continue reading What Bankruptcy Can Do
8 Interesting Things to Know About Filing Bankruptcy
Eight Interesting Things to Know About Filing Bankruptcy. The following are interesting things to know about filing bankruptcy. The decision to file bankruptcy can be tough so here are eight things you need to consider or know about before you make that decision: 1. Deadlines. Deadlines are critical in bankruptcy court. The rules in bankruptcy… Continue reading 8 Interesting Things to Know About Filing Bankruptcy
What are bankruptcy judges
What are bankruptcy judges. In the United States bankruptcy judges are appointed by the majority of judges in the U.S Court of Appeals for that U.S district court. What are bankruptcy judges are judicial officers. They are appointed for a period of 14 years and every 14 years need to submit recommendations about the number… Continue reading What are bankruptcy judges
What happens on your credit report when you file bankruptcy
One common question I hear is what happens on your credit report when you file bankruptcy ? The first thing you need to realize is bankruptcy filings are a public record. The fact you filed for bankruptcy can legally be listed on your credit reports. As long as it is listed on your report your… Continue reading What happens on your credit report when you file bankruptcy