Latest Utah Bankruptcy News And Information
Stay up-to-date with Douglas "The Bankruptcy Guy" Barrett and the entire DLBLAW team
Bankruptcy and IRS Form 1099
So I have been getting a bunch of calls from my clients lately about bankruptcy and IRS Form 1099 that they received in the mail. This being tax time and all it’s important to know your rights. If you filed bankruptcy last year make sure you tell your tax preparer about it – especially if…
Read MoreWhen bankruptcy is dismissed
There are a number of reasons why a bankruptcy case can be dismissed. Typically, the causes go from intentional misconduct (i.e., fraud and bad acts) to the failure to do something like to file the correct forms with the court or attend a required hearing. Here are some of the most common reasons when bankruptcy…
Read MoreWhere are Utah bankruptcy petitions filed
Where are Utah bankruptcy petitions filed is a common question. You need to first understand the two court system we have in the United States. There are state court systems and the federal court system. Bankruptcy and is related laws and rules stem from a clause in the U.S. Constitution making bankruptcy part of the…
Read MoreWhat bankruptcy can I file
In order to determine what bankruptcy can i file for or if you are eligible for bankruptcy, you must take the means test. in 2005 Congress made major changes to the bankruptcy laws via changes to the U.S. Bankruptcy Code. One of the new changes was something called the “Means Test”. The means test will…
Read MoreHow bankruptcy stops foreclosure
First lets establish that foreclosures don’t happen overnight, it is usually after 3 or 4 missed payments on a mortgage that lead to a foreclosure action being filed. Foreclosure is the action a lender takes to obtain possession of the property that the loan was secured upon. For most people when they talk about…
Read MoreBankruptcy without tax returns
You can file a bankruptcy without tax returns but if you have unfiled tax returns it may be in your best interest to file them before you file as opposed to right after you file for bankruptcy. It is in you best interest to have your tax returns filed prior to the filing of your…
Read MoreStop debt collector calls
One of the most common reasons people decide to file for bankruptcy is to stop debt collector calls. by filing bankruptcy you can immediately stop debt collector calls. Any collector that still attempts to collect on a debt once they know about your bankruptcy is in violation of 11 U.S.C. Sec 362. Bankruptcy is a…
Read MoreBankruptcy who knows
In my experience most people don’t want others to know about their financial issues and challenges. This certainly goes for bankruptcy. So I get this question all the time if I file for bankruptcy who knows ? Your lawyer, your creditors, you, and whoever else you decide to tell. Bankruptcy is a public record and…
Read MoreBankruptcy discharge vs closed
Bankruptcy discharge is when the debtor is released from liability to pay his or her debts and no longer required to pay any debts that are discharged, and it also prohibits creditors from coming to collect your debt. Getting a bankruptcy discharge is a big step in a bankruptcy case but it’s not the end…
Read MoreUtah County Backruptcy Attorney Services
