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Latest Utah Bankruptcy News And Information

Stay up-to-date with Douglas "The Bankruptcy Guy" Barrett and the entire DLBLAW team

Why should I file a Preemptive Bankruptcy?

By utahbklawyer | May 5, 2015

The following are situations in which someone might want to consider bankruptcy as an option when faced with litigation where: • the outcome is not likely to be favorable; • the cost of defense is crippling; • the possibility of a judgment in excess of the Chapter 13 debt limits; or • findings of fraud are likely.…

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Press Release: 2015 Utah Legal Elite

By utahbklawyer | Mar 12, 2015

Douglas L. Barrett, for the tenth consecutive year, has been named as one of the “Legal Elite” lawyers in the State of Utah in a recent poll conducted by Utah Business, a state-wide publication. The announcement was made in the March 2015 Legal Resource Guild of the magazine. The “Legal Elite” represent those Utah lawyers who…

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WHAT IS CHAPTER 13 BANKRUPTCY?

By utahbklawyer | Mar 12, 2015

To be eligible to be a Chapter 13 debtor, individuals must meet, among other things, the following two requirements: (i) they must have a regular income, and (ii) their debts must not exceed a certain amount. If the individual’s current monthly income is less than the applicable state median income, the plan will generally be…

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CAN I RE-PAY A DISCHARGED DEBT AFTER MY BANKRUPTCY CASE HAS BEEN CONCLUDED?

By utahbklawyer | Feb 16, 2015

A debtor who has received a discharge may voluntarily repay any discharged debt. A debtor may repay a discharged debt even though it can no longer be legally enforced. Sometimes a debtor agrees to repay a debt because it is owed to a family member or because it represents an obligation to an individual for…

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