If you’re hoping that bankruptcy is a quick way to have your debts discharged without having to pay another cent or lift a finger, you can be disappointed if you don’t know the facts. Which bankruptcy eliminates all debt? Well Chapter 7 bankruptcy, the most common type of consumer bankruptcy, is also called a ‘liquidation’… Continue reading Which bankruptcy eliminates all debt
Category: #utahbkguy
When bankruptcy is over
Your bankruptcy is over when your case is closed, generally soon after you get a discharge. A discharge is when you are no longer legally obligated to pay your debts. When bankruptcy is over, if creditors keep calling you and trying to collect from you, that is a serious violation of the bankruptcy code. However,… Continue reading When bankruptcy is over
Book on Filing Bankruptcy in Utah
Press Release Orem (UT) for immediate release: Today the Fourth Edition of the book on filing bankruptcy in Utah was published. The Insiders Guide: Getting a Fresh Financial Start in Utah has been in print since 2005. The book, by Utah Bankruptcy lawyer Douglas Barrett, has help thousands determine if filing bankruptcy was their best… Continue reading Book on Filing Bankruptcy in Utah
Where Did Bankruptcy Come From?
So where did bankruptcy come from? Throughout humanity’s history, societies have developed different laws and regulations for how to handle debt. These laws were typically harsh and often self-defeating. For example, some regions of the world mandated that debtors could be executed for failure to pay a debt, which of course meant that the creditor… Continue reading Where Did Bankruptcy Come From?
Locate the Utah Bankruptcy Trustee
Here is a quick guide to locate the Utah Bankruptcy Trustee. Here is a comprehensive list of the Utah Bankruptcy Trustee’s listed by bankruptcy chapter. Included are their Name, Mailing Address, Phone Number and Email address: Chapter 7 Bankruptcy Trustee Steven R. Bailey, Chapter 7 Panel Trustee 2454 Washington Blvd. Ogden, UT 84401 E-mail: [email protected]… Continue reading Locate the Utah Bankruptcy Trustee
Chapter 13 Bankruptcy: How Long Does It Take?
One of the common questions people ask us is how long does it take to complete a Chapter 13 cases. As I have written about other types of bankruptcy such as Chapter 7 cases take a matter of months in most cases however Chapter 13 cases can take from 3-5 years to complete. Here is… Continue reading Chapter 13 Bankruptcy: How Long Does It Take?
Bankruptcy: Chapter 7 How Long Does It Take
If you are considering filing for Chapter 7 bankruptcy in Utah, one of the first questions you probably have is “how long does it take?” The answer, like many things in life (and certainly in the law), is that it depends. Every bankruptcy case is different and it also depends on the chapter you file.… Continue reading Bankruptcy: Chapter 7 How Long Does It Take
How bankruptcy affects your life
This topic is complex and difficult to answer concisely since many different aspects of your life can be impacted by filing for bankruptcy. Here are three ways bankruptcy affects your life. Sometimes people feel guilty or ashamed that they have gone bankrupt, particularly since society has developed a negative stigma around bankruptcy. However, like any… Continue reading How bankruptcy affects your life
What is a bankruptcy trustee
When a Chapter 7 bankruptcy petition is filed in Utah, two trustees are appointed, the U.S. Trustee and the Chapter 7 Trustee. The Utah Chapter 7 Trustee’s purpose is to administer the case and liquidate the debtor’s nonexempt assets. If all the debtor’s assets are somehow protected or are subject to valid liens, the trustee… Continue reading What is a bankruptcy trustee
The Bankruptcy Lab
Lets face it the task of gathering up your entire financial history and organizing it for a bankruptcy attorney sounds like as much fun as going to the dentist – not the good dentist – but the one that never gives enough mouth numbing stuff before they start to drill…we have been there and we… Continue reading The Bankruptcy Lab