Latest Utah Bankruptcy News And Information
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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.
Read MoreFinding 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
Read MoreCan 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
Read MoreIs Bankruptcy Better than Foreclosure
When thinking “is bankruptcy better than foreclosure?”, at the end of the day you need to realize that while sometimes foreclosure might not affect your credit score as much, it still goes on your credit report, leaves you without your home and fails to settle all the other debt you might carry. Meanwhile bankruptcy affects all your debt not just the mortgage loan debt. Bankruptcy tends to be more global financial relief.
Read MorePrepare Bankruptcy Papers Fast
In order to prepare Bankruptcy papers fast, getting together information and documents for your attorney can take a lot of time. But it doesn’t have to be that way.
Read MoreBankruptcy in 2021
Bankruptcy in 2021 still spans the time of the Covid-19 pandemic. Last year many of my clients were able to start the bankruptcy process ahead of the curve because they were able to use a portion of their stimulus checks to cover court and attorney fees.
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