Bankruptcy discharge is when the debtor is released from liability to pay his or her debts and no longer required to pay any debts that are discharged, and it also prohibits creditors from coming to collect your debt. Getting a bankruptcy discharge is a big step in a bankruptcy case but it’s not the end… Continue reading Bankruptcy discharge vs closed
Category: utah county bankruptcy
Bankruptcy court in Utah
Bankruptcy court in Utah is located in Salt Lake City at 350 Main St #301, Salt Lake City, UT 84101. The Bankruptcy Court in Utah is located in the Moss Courthouse. The Moss Courthouse has been the main US Courthouse in Utah for over 100 years. Recently a new federal courthouse was built next to… Continue reading Bankruptcy court in Utah
What bankruptcy cannot do for you
Bankruptcy is not the silver bullet that will cure all your financial issues. Many people want to know what bankruptcy can do for them here is what bankruptcy cannot do for you. There are debts that bankruptcy cannot eliminate like student loans, child support, alimony and most secured debts. What bankruptcy cannot do for you and… Continue reading What bankruptcy cannot do for you
What bankruptcy means
The simple answer to what bankruptcy means is that “the bank is broken.” What bankruptcy means that you most likely do not have sufficient assets or money to pay off or cover your debts. What bankruptcy means in todays usage is a legal maneuver that can help way to wipe out those debts that you… Continue reading What bankruptcy means
Saturday bankruptcy consultation
Have you ever wondered if bankruptcy was a solution to your problems? We are participating in the Saturday Bankruptcy Clinic this coming Saturday. This Saturday bankruptcy consultation will be FREE at our Orem location: 1215 S Main Street, Orem, Utah. We know that it is sometimes hard to take off from work and so we… Continue reading Saturday bankruptcy consultation
Bankruptcy for child support
Congress decided that child support is too important to be discharged in a bankruptcy. It is not possible to get a discharge in bankruptcy for child support. Child support has been granted a priority status in bankruptcy. As a result of that your child support will be placed in as a priority debt in… Continue reading Bankruptcy for child support
Bankruptcy without assets
There is no requirement to have assets when you file bankruptcy so you can certainly file bankruptcy without assets. In a “No Asset” Chapter 7 bankruptcy case, the debtor doesn’t own any assets or property that the creditors can take therefore they have a bankruptcy without assets. The debtor possesses nothing that can be sold… Continue reading Bankruptcy without assets
Bankruptcy and tax refunds
Many people have questions about bankruptcy and tax refunds. Some come to see their income tax refunds as a type of yearly bonus. In reality these refunds are usually caused by having paid too much in taxes during the past year. Many times people come to rely upon these refunds for planned yearly spending to… Continue reading Bankruptcy and tax refunds
Bankruptcy when married
There is no requirement that you and your spouse jointly file bankruptcy when married. You can choose whether to file for bankruptcy with your spouse or as an individual. The decision on filing bankruptcy when married should be based on the in depth analysis of you financial condition however. It will usually depend on if… Continue reading Bankruptcy when married
Are bankruptcy proceedings public
A very common question that we get is are bankruptcy proceedings public ? Yes, you should be able to attend most bankruptcy meetings so again are bankruptcy proceedings public yes. The only times that bankruptcy proceedings will be closed to the public are when there is a party present that has an overriding interest and… Continue reading Are bankruptcy proceedings public