Latest Utah Bankruptcy News And Information

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"10 Best" Bankruptcy Law Attorneys for Client Satisfaction

By utahbklawyer | Sep 22, 2016

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…

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A Judgment Is Not A Lien, But A Lien Can Be Created From a Judgment

By utahbklawyer | Apr 13, 2016

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…

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Income Tax Refunds and Utah Bankruptcy

By utahbklawyer | Mar 10, 2016

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,…

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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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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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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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