We can learn a lot from Franklin’s perspective. Unhealthy spending habits, lack of discipline and debt can be very cancerous to our lives. So what else has he said on this topic? A well-known quote of his is as follows: “For age and want, save while you may. No morning sun lasts the whole day.”
Category: utah county bankruptcy
Will bankruptcy affect my husband?
Sometimes filing bankruptcy individually isn’t necessarily the best option if you and your spouse share debts, and only one one of you files since debt collectors still have the ability to contact the non-filing spouse regarding debt payments. Filing jointly can be beneficial to your spouse in that situation, because it could protect them from debt collectors.
5 Questions About Bankruptcy With A Car Loan
Here are 5 common questions about bankruptcy with a car loan you want to talk with your attorney about. Since every situation is different an experience bankruptcy attorney will be able to clarify the options… but you should ask them the questions for piece of mind.
Why file Chapter 13 Bankruptcy
If you’ve ever wondered, “Why file Chapter 13 bankruptcy?” This post might help. Before we can answer that question, however, we will need to learn more about what Chapter 13 Bankruptcy is and what it entails.
No Money Left
Large corporations understand the benefits of bankruptcy and may utilize it to keep their company afloat. However, the average person doesn’t usually know that when they have no money left, bankruptcy is actually a safety net. The Utah Law Office of Douglas Barrett offers free personal bankruptcy consultations to discuss what strategies are best for you in your financial situation
5 Bankruptcy Terms You Need to Know
Learn these 5 bankruptcy terms you need to know and you be ahead of most non attorney participants in the bankruptcy court system. Using an experienced bankruptcy attorney to help you navigate a complex court system will save you time and money in most circumstances.
Bankruptcy Today
As the saying goes “only a fool represents himself in court” might sound self-serving coming from an attorney but when you get weekly phone calls from people who filed their own bankruptcy but are in over their head and are seeking for help you might understand why we say this.
Finding Money for Bankruptcy
You should always continue to pay your living expenses, such as rent and utilities, student loans, and the payment on any property you wish to keep in bankruptcy, such as a house or a car. As for your other bills, it’s wise to keep making your payments until you have consulted with an attorney, learn that you qualify
Can my bankruptcy be reversed?
There are also time limits for when someone can file a request to have your discharge reversed. Depending on which chapter of bankruptcy you have filed, the deadline is generally a year after your case was discharged, or a year after the case was closed. If the court revokes your bankruptcy discharge, you’ll remain liable for any previously discharged debts. Also, if you committed fraud or otherwise abused the bankruptcy system, you might have to pay fines, forfeit assets, or face criminal prosecution
Bankruptcy How Does it Work?
Before your consultation take a moment to refresh yourself on your current financial situation. How much debt are you in? How much is credit card debt? Student loans? Medical debt? What are your biggest financial assets? Have a general idea so that you can relay this information with a bankruptcy attorney in your consultation appointment.