It’s worth noting that even if your Ex is not directly notified of your Utah bankruptcy, they may still find out through other means, such as through mutual friends or by checking your credit report.
Category: utah county bankruptcy
How to rebuild after bankruptcy
Rebuilding your life after bankruptcy is a process that requires dedication, hard work, and patience. By following these steps, you can regain your financial stability and work towards a bright and secure future.
Can a small business file bankruptcy?
Bankruptcy can have significant consequences for a small business and the business owner(s). There may be damage to its reputation and credit. It’s important to consider all options before filing for bankruptcy.
Benefits of Bankruptcy
While filing for bankruptcy will initially have a negative impact on a person’s credit score, it will also signal to creditors that the individual is taking steps to address their financial problems and regain control of their finances.
Three Important Things Bankruptcy Can Do
As you start to think about bankruptcy, you should understand there are actually five types. For most people a couple of them will be your best option. The first one and most common is Chapter 7
Tough Financial Challenges
When debt issues arise in Utah, having experienced legal help can provide a path to get into a better situation during a tough financial challenge. Utah has turned to the Utah Bankruptcy Guy during tough financial challenges for more than 25 year.
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.