Latest Utah Bankruptcy News And Information

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Why Chapter 13

Why file Chapter 13 Bankruptcy

By utahbklawyer | May 17, 2021

If you’ve ever wondered, “Why file Chapter 13 bankruptcy?” This post might help. Before we can answer that question, however, we will need to learn more about what Chapter 13 Bankruptcy is and what it entails.

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utah chapter 7

Why file bankruptcy Chapter 7

By utahbklawyer | May 11, 2021

The Supreme Court has said that “[t]he principal purpose of the Bankruptcy Code is to grant a fresh start to the honest but unfortunate debtor.” The filing of a Chapter 7 bankruptcy puts a stop to most attacks on, and efforts to collect from the debtor. It is also the fastest, simplest and most common type of bankruptcy.

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no money left

No Money Left

By utahbklawyer | May 6, 2021

Large corporations understand the benefits of bankruptcy and may utilize it to keep their company afloat. However, the average person doesn’t usually know that when they have no money left, bankruptcy is actually a safety net. The Utah Law Office of Douglas Barrett offers free personal bankruptcy consultations to discuss what strategies are best for you in your financial situation

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unmarried head of household

Bankruptcy Unmarried Head of Household

By utahbklawyer | Apr 29, 2021

If you are not married but consider yourself the the head of a household how does that work in bankruptcy? As you may know in bankruptcy you must report your household income and household size. It can become complicated. The United States Bankruptcy Trustee typically uses the definition of the IRS to determine household status.

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5 bankruptcy terms to know

5 Bankruptcy Terms You Need to Know

By utahbklawyer | Apr 22, 2021

Learn these 5 bankruptcy terms you need to know and you be ahead of most non attorney participants in the bankruptcy court system. Using an experienced bankruptcy attorney to help you navigate a complex court system will save you time and money in most circumstances.

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file bankruptcy fast

Bankruptcy Today

By utahbklawyer | Apr 13, 2021

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.

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file utah bankurptcy today

Finding Money for Bankruptcy

By utahbklawyer | Mar 30, 2021

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

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revoke my bankruptcy

Can my bankruptcy be reversed?

By utahbklawyer | Mar 15, 2021

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

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bankruptcy or home foreclosure

Is Bankruptcy Better than Foreclosure

By utahbklawyer | Feb 25, 2021

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.

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