Latest Utah Bankruptcy News And Information
Stay up-to-date with Douglas "The Bankruptcy Guy" Barrett and the entire DLBLAW team
What Will Happen After You File for Bankruptcy?
So the natural question you will ask yourself after you file for bankruptcy is now what? This post is to assure you that asking what will happen after you file for bankruptcy is a common and necessary question
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Where does bankruptcy debt go?
Where does bankruptcy debt go? To be clear bankruptcy is a legal proceeding one carries out in the US Bankruptcy Courts to allow individuals or businesses to obtain freedom from their debts. It can also simultaneously providing creditors an opportunity for repayment of the debt under a court guided repayment program.
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Merry Christmas 2019
To all of you that we have worked with, here’s to a wonderful season filled with warmth and happiness. Clients like yourself are what makes our jobs possible.
Thank you!
How do I access my tax returns?
One of the documents that you will need to give your attorney as you start the bankruptcy process is past years tax returns. So how do I access my tax returns is a common question in the bankruptcy world.
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Bankruptcy without going to court
I get asked all the time by potential clients if they can file bankruptcy without going to court. The majority for my clients never see the inside of a bankruptcy courtroom. So if this is a major concern of yours rest assured that the odds are in your favor that you will not need to go into a bankruptcy courtroom
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Bankruptcy where you pay back
Chapter 13 bankruptcy where you pay back your debts has a number of benefits including: a lower level of risk to the debtor loosing assets (i.e. home, cars, etc.), ability to catch up missed mortgage and car payments, lower risk level of litigation from creditors, as well as means to pay back creditors in a fair and equitable manner.
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Happy Thanksgiving 2019
Here at the Utah Bankruptcy Guy we thank you for the support and confidence that we have been shown by our loyal clients over the years.
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Bankruptcy who knows
So bankruptcy who knows? Obviously anyone you owe money to at the time you file will need to be notified. Creditors are notified since payments to them will likely be affected by the bankruptcy proceedings. However other than creditors and your attorney very few other will be notified of you case filing. Even though bankruptcy filings are a matter of public record, they are usually not publicized unless the individual filing is a public figure.
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How will bankruptcy affect my mortgage?
A Utah bankruptcy might actually help you to keep your home. Chapter 13 and to some extent Chapter 7 provide ways for you keep your home. Although, you cannot just file for bankruptcy protection and not inform your mortgage lender, you can treat how the loan is treated during a bankruptcy case and there are ways to assure the lender that you will be keeping the home and making the mortgage payment.
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