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
Category: utah county bankruptcy
Secured versus unsecured creditors
TYPES OF CREDITORS To understand bankruptcy, credit and debt it helps if you understand the different types of parties involved in the process. So lets focus in this posing on creditors. It is also important to understand the different types of debt in a bankruptcy. So lets focus on Secured versus Unsecured Creditors. SECURED CREDITORS… Continue reading Secured versus unsecured creditors
The automatic stay
When a bankruptcy case is filed there is something created immediately upon the filing of the case called the automatic stay. The automatic stay is a very broad court injunction against the continuing of any action by creditors, collection agencies, and government entities against the debtor or the debtor’s property. Under 11 U.S.C. §362 is… Continue reading The automatic stay
Bankruptcy when should you file
The answer to this question depends on several things. Is your house in danger of being foreclosed upon? Are creditors calling you all the time? Is your car in jeopardy of being repossessed? There are just a few of the many reasons why folks ask about bankruptcy when should you file. Working with your lawyer you… Continue reading Bankruptcy when should you file
What not to do before bankruptcy
7 Deadly Sins Before Bankruptcy OK I know that sounds a bit dramatic – but it got your attention. I am asked all the time what not to do before bankruptcy. So here is my list of seven things that have the potential to get you into trouble prior to your case filing: 1.Don’t make… Continue reading What not to do before bankruptcy
When bankruptcy is not an option
Just because you say you are bankrupt does not make it so. There is the famous episode of The Office where the lead character Michael Scott “declared” bankruptcy to everyone within earshot and thought he was done – not because he just said the word bankruptcy but because he “declared it”. Just because you say… Continue reading When bankruptcy is not an option
Bankruptcy when does it clear
Your bankruptcy will clear off from your credit report either 7 or 10 years after filing for a bankruptcy. Bankruptcy when does it clear depends on which type of bankruptcy case you file. Bankruptcy can be a great tool to overcome burdensome debt and get you back on your feet. It does however come at a… Continue reading Bankruptcy when does it clear
Mortgage Statement During Bankruptcy
A mortgage statement during bankruptcy? We laughed at that question for years since debtors almost never get any help with their mortgage information after they file for bankruptcy. But finally the times are a changing – for the good of everyone – debtors and lenders. Some new mortgage servicing rules that just went into effect… Continue reading Mortgage Statement During Bankruptcy
2018 AVVO Award
PRESS RELEASE For Immediate Release Orem, UT – Attorney Douglas L. Barrett of Orem has been named once again a Top Rated Lawyer by the website AVVO. AVVO is he premier online legal marketplace that connects consumers and lawyers. Douglas “The Bankruptcy Guy” Barrett has been practicing bankruptcy law since 2000. Barrett received his… Continue reading 2018 AVVO Award
Bankruptcy for cheap
Bankruptcy for cheap in Utah. Sometimes people are unable to afford the fees charged by bankruptcy attorneys and look to file bankruptcy for cheap. While many attorneys offer payment plans, your case will not be filed until all fees are paid in full. This means that you will not have bankruptcy protection against creditors while… Continue reading Bankruptcy for cheap