Latest Utah Bankruptcy News And Information
Stay up-to-date with Douglas "The Bankruptcy Guy" Barrett and the entire DLBLAW team
Bankruptcy and my divorce
Bankruptcy and my divorce is something that should be timed and planned if at all possible. First you have to understand that these two distinct legal actions (bankruptcy and divorce) will not take place simultaneously in the same court. Bankruptcy is part of the Federal Court System and divorce is part of a State Court System. You need to understand and your marriage status (including expenses and income) can greatly impact the type and outcome of filing for bankruptcy.
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Does bankruptcy show on credit report?
Does bankruptcy show on credit report? The bankruptcy public record will remain in your credit report for up to 10 years from the filing date. Chapter 13 bankruptcy remains for seven years and Chapter 7 remains 10 years. Accounts included in the bankruptcy will have their status updated to show that they are included in the bankruptcy. They will be deleted seven years from the original delinquency date of the account. The accounts usually are deleted before the bankruptcy public record because in most cases they are delinquent prior to bankruptcy being filed.
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Where bankruptcy cases are held
There is a bankruptcy court for each judicial district in the country. Every state has one or more of these judicial districts. In Utah there is currently only one judicial district. There are 90 bankruptcy districts across the country. The bankruptcy courts usually have their own clerk’s offices like we have here in Utah.
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Who invented bankruptcy?
So who invented bankruptcy? Bankruptcy is in the news right now as many retail business and families are struggling in the current economy. Here in Utah the number of cases filed each month is on the rise.
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5 Hacks to get money to file bankruptcy
Here a FIVE HACKS to get the money to do your Utah bankruptcy. Fortunately, you probably have more funds available to you than you realize. Past clients have found enough money to pay for their bankruptcy from the following sources:
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When is bankruptcy a good idea
Bankruptcy should not be approached casually. After all, it’s not a simple, easy cure-all for out-of-control spending. Bankruptcy used in the right way at the right time can save you money, preserve your peace of mind and get you back on your feet financially. So when is bankruptcy a good idea? I ask my clients…
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Hiring a bankruptcy lawyer is a wise move
When a bankruptcy lawyer takes on a bankruptcy client he or she knows that there are a bunch of good things that they can do for that client. Sometimes, however, I think attorneys forget to tell the client what some of the great things are that they can accomplish
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Fear of filing bankruptcy
Fear of filing for bankruptcy. Working with an experience bankruptcy lawyer can help ease your fears. Most bankruptcy lawyers I know offer a free consultation so in and talk to them – they understand fear and can show you way out of the problems you face.
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Filing a Utah Chapter 7 bankruptcy
A bankruptcy declaration will affect your credit score sometimes for the worse and at times for the better. If it does damage it, it won’t damage it forever. Furthermore, you may have some control over the process’s ultimate outcome. By taking steps to rebuild your credit score after filing bankruptcy, you could find yourself commanding prime interest rates and securing high-limit credit cards within a few years. You’ll simply need to pay off your remaining obligations in a diligent fashion and avoid taking on too many new loans.
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