Sometimes only one of the parties in a marital relationship has debt and needs to file for bankruptcy. Sometimes some or all of the debt is held in both parties names. If one spouse files for bankruptcy individually, only the person who filed for bankruptcy will be able to get a discharge or relief from… Continue reading Bankruptcy without affecting spouse
Category: utah valley bankruptcy
Bankruptcy without losing house and car
Many people wonder if they can file for bankruptcy without losing their house and car. This can be a loaded question since there are so many different kinds of bankruptcy with a number of different options. The simple answer is YES but with all things in the law its qualified. Typically cars with little or… Continue reading Bankruptcy without losing house and car
Why bankruptcy is the best option
Bankruptcy helps people who can no longer pay their debts on their own get a fresh start by liquidating their assets to be able to pay their debts or by creating a repayment plan. These are called Chapter 7 bankruptcy and Chapter 13 bankruptcy respectively. Filing for bankruptcy will in most cases prevent your creditors… Continue reading Why bankruptcy is the best option
Why bankruptcy is important
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
Bankruptcy can be hard on so many levels
Bancruptcy, Bankrupse, Bankrupcie, Bankrupsy, Bankrutpcy, Bankrupsie, Bankruptcse, Bankraptcy, Bancruptsty, Bankrupsy, Bakruptcy, Bankrupty, Bankrupcy, Bancrutpcy Recently an attorney friend of mine commented about the sign at the hearing location we were attending had misspelled the word “bankruptcy”. Bankruptcy can be a hard word to spell. So I decided to start to keep a list of the many ways that I… Continue reading Bankruptcy can be hard on so many levels
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 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