Ever wonder why do we have bankruptcy and why it’s important? Bankruptcy is important because it is one of the few tools we have to free ourselves from financial enslavement. People who cannot work freely are unproductive yet when debtors become liberated from their debts they usually once again become productive and functional to society. … Continue reading Why bankruptcy is important
Category: utah county bankruptcy
Bankruptcy for farmers
If you farm you know that times can be tough. Weather, unstable crop prices, equipment failure, price of fuel, crazy government regulations – the problems you deal with everyday can seem endless and overwhelming at times. Sometimes you just need a little bit of help to restructure the operation so you can make ends meet. … Continue reading Bankruptcy for farmers
Why bankruptcy isn’t always bad
Filing for bankruptcy has always had a bad reputation, in the minds of some people it seems to indicate that the person has self inflicted financial troubles or even worse is attempting to take advantage of the people they owe money too. That isn’t always the case, in fact in my experience this is hardly… Continue reading Why bankruptcy isn’t always bad
Why declare bankruptcy
There are several indicators that its is a good idea to declare bankruptcy. Why declare bankruptcy? For example when you’re paying for every day necessities with a credit card, your interest rates are rising because of missed payments, one credit card is paying off debt of another credit card, you have multiple jobs and it… Continue reading Why declare bankruptcy
Bankruptcy where to start
Where to start your bankruptcy? The idea can be overwhelming and frightening. As you begin your journey to a financial fresh start its important to determine what is your financial goal. If you are thinking about bankruptcy it is safe to assume that you have been dealing with financial problems for a period of time… Continue reading Bankruptcy where to start
Bankruptcy dismissal vs discharge
There appears to be a lot of confusion out there about what is actually a bankruptcy dismissal vs discharge. These are two very different things and you should understand both of them. When you are a debtor you do not want a dismissal of your case. A bankruptcy dismissal will closed your case in fact… Continue reading Bankruptcy dismissal vs discharge
Bankruptcy when you own a home
Most of the time when you are thinking about bankruptcy it comes at a stressful point in your life. One of the principal worries is probably if you’ll be able to keep your home or not. This will depend on several factors including the type of bankruptcy you file. The good news is that with… Continue reading Bankruptcy when you own a home
Which bankruptcy is the worst
This is an interesting question. Worst in what way? This is my first come back to such a question since if your are a creditor you probably think all bankruptcy is bad (if you are a creditor read about Chapter 13 – it is actually good for creditors). If you are a debtor, I take… Continue reading Which bankruptcy is the worst
Where to get bankruptcy discharge papers
Once your bankruptcy case concludes, you will receive what is known as a bankruptcy discharge which states that all dischargeable debts are no longer enforceable. Creditors whose debts are discharged in the petition can no longer contact you about your debt or file any legal proceedings against you. It is very important to keep this… Continue reading Where to get bankruptcy discharge papers
Bankruptcy when you own a house
Many people want to know if they file bankruptcy what will happen to their house. The treatment of your house in bankruptcy will be different depending on which type of bankruptcy you end up filing. There are a number of types of bankruptcy. The type of bankruptcy you file can be tricky decision and any… Continue reading Bankruptcy when you own a house