Category: utah county bankruptcy

Loan After Your Bankruptcy

The waiting period on getting a loan after your bankruptcy can vary depending on a host of factors, but a big one is the type of bankruptcy you experienced. With a Chapter 7 bankruptcy, lenders typically wait two years after the date of discharge. As for Chapter 13 bankruptcy, you may be eligible for a VA loan just 12 months removed from the filing date.

Bankruptcy dollar adjustments

The bankruptcy dollar adjustments are required to take place every three years pursuant to 11 U.S.C. §104. The new dollar amounts reflect an approximate, average 11% increase.

Can I Stop a Garnishment Once it Starts?

The quickest way to stop a garnishment is to just pay off the debt. However, most people cannot afford to do that, or they would have already done it before the garnishment happened.  For most people the most effective way to stop the garnishment is to file bankruptcy

If You Ain’t Broke We Can’t Fix It!

Filing for bankruptcy isn’t the right decision for everyone. But for individuals who are worried about debt, who want to protect specific property, or who see no other way forward, it can be the best option to bring relief.

Utah Small Business Bankruptcy

Utah small business bankruptcy is considerably more complex than consumer (personal) bankruptcy. Be careful do not accept the “one-size-fits-all” approach most bankruptcy firms employ.  Look for a law firm that will sit down with you discuss whether a Utah small business bankruptcy is your best option.  Work with an attorney that is will to suggest non-bankruptcy options as well as bankruptcy option

Thankful

Be Thankful Poet Unknown Be thankful that you don’t already have everything you desire. If you did, what would there be to look forward to? Be thankful when you don’t know something, for it gives you the opportunity to learn. Be thankful for the difficult times. During those times you grow. Be thankful for your… Continue reading Thankful

Which Bankruptcy is Reorganization

One of the great benefits of this kind of bankruptcy is reorganization which can help you avoid losing your home to a foreclosure especially if you are behind on your mortgage payments.  You can come up with an affordable repayment plan to keep your home even if your lender is unwilling to work with you. 

Did A Lot of People File Bankruptcy Last Year?

In the year 2020, 544,463 people filed bankruptcy in the United States. That number may seem enormous,  but in reality, Bankruptcy filings in 2020 were the lowest they have been in thirty-five years. This may seem counterintuitive for the type of year 2020 was, but it makes sense when you think more about the government assistance that a lot of people received last year.