When do you know it’s time to file bankruptcy?
All of us have our own threshold of tolerance of anything. That includes debt. So how much debt is enough and when it will be time to do something about it. Might I suggest that when you have a problem that is likely to get out of hand you should deal with it as soon as possible. At least… Continue reading When do you know it’s time to file bankruptcy?
How much debt do I have to have to file for bankruptcy?
We often get the question here at the firm of whether or not there is a certain amount of debt that somebody needs to have before they can file a Utah bankruptcy. The answer is that there is no minimum amount of debt that is required to file a bankruptcy. As with most simple answers… Continue reading How much debt do I have to have to file for bankruptcy?
How long does a chapter 7 bankruptcy last?
If you are feeling trapped by debt and your income is below the median average for Utah, you may be able to file for a Utah Chapter 7 bankruptcy. This legal process will allow you to eliminate certain types of debt and get on with your life without the stress caused by years of accumulated debt. Should filing for… Continue reading How long does a chapter 7 bankruptcy last?
Bankruptcy Lawyers Near Me
Have you ever had the question, “I wonder where the best bankruptcy lawyers are near me?” We hear that from a lot from folks in financial crisis searching for help. Having a huge amount of debt can be an overwhelming and frightening experience. If you lack sufficient income to pay your obligations you could very… Continue reading Bankruptcy Lawyers Near Me
Bankruptcy can be hard let us make it easy
Recently an attorney friend of mine commented that 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 have seen the word misspelled on forms and emails sent to my office. Here… Continue reading Bankruptcy can be hard let us make it easy
Was your Utah Bankruptcy Case Prepared in India or Mexico?
The new trend in the world of bankruptcy is to outsource case and/or document preparation to workers in far away countries. Ask yourself is that how you want your Utah bankruptcy case prepared? Do you want your most personal financial information stored on computers located in Mexico, India, or China? Right now there is a lot of… Continue reading Was your Utah Bankruptcy Case Prepared in India or Mexico?
2016 Tax Refunds Delayed for Millions
Today the National Consumer Law Center issues a press release that Tax Refunds for millions of taxpayers will be delayed until late-February. Due to new legislation the IRS will delay processing returns until February 15 and they have stated they do not anticipate refunds arriving in bank accounts or on prepaid cards until February 27.… Continue reading 2016 Tax Refunds Delayed for Millions
5 Common Bankruptcy Myths
Here are 5 common myths that that I hear all the time from people that I consult with: Myth #1: You Can Declare Bankruptcy by Saying It in Public In an episode of The Office, when Michael Scott’s finances are tight, he screams, “I declare bankruptcy!” His accountant Oscar says, “Hey, I just want you… Continue reading 5 Common Bankruptcy Myths
"10 Best" Bankruptcy Law Attorneys for Client Satisfaction
PRESS RELEASE Orem, UT - The Utah Law Firm of Douglas Barrett, LLC was recently named as one of the "10 Best" Bankruptcy Law Attorneys for Client Satisfaction by the American Institute of Legal Counsel (AIOLC) an impartial third party rating service. In the September 2016 announcement the AIOLC noted that the firm was recognized for outstanding client… Continue reading "10 Best" Bankruptcy Law Attorneys for Client Satisfaction
A Judgment Is Not A Lien, But A Lien Can Be Created From a Judgment
A judgment and a lien are not the same thing. A lien is a legal right to get paid from a specific asset/property, as opposed to from an individual person. A judgment is a court order that allows a creditor to pursue collection actions against someone (including creating a lien against assets). Depending on the… Continue reading A Judgment Is Not A Lien, But A Lien Can Be Created From a Judgment
Income Tax Refunds and Utah Bankruptcy
Some people come to see their income tax refunds as a yearly bonus. In reality these refunds are usually caused by a taxpayer having paid too much in taxes during the past year. Sometimes people have even come to rely upon these refunds for planned yearly spending to catch up on bills, go on vacation,… Continue reading Income Tax Refunds and Utah Bankruptcy
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