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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

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What bankruptcy is best for me

By utahbklawyer | Jul 2, 2019

A woman walks in a store to return a pair of eyeglasses that she had purchased for her husband a week before. “What seems to be the problem, madam?”  “I’m returning these glasses I bought for my husband. He’s still not seeing things my way.” When you are considering bankruptcy you are sure to wonder…

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When bankruptcy is a good idea

By utahbklawyer | Jun 28, 2019

When bankruptcy is a good idea is actually not dependent on the immediate financial difficulties of today. In order for the bankruptcy court to approve your case they will actually evaluate a snapshot of your finances for the past six months and also consider the foreseeable outlook for your situation in the months to come.

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what debts cant be forgiven in bankruptcy

Debt That Can’t Be Forgiven

By utahbklawyer | Jun 20, 2019

Obviously getting rid of debt is the reason you are considering bankruptcy. So while a Chapter 7 or Chapter 13 bankruptcy can eliminate a lot of debt, it can’t wipe out every kind of debt mainly if you have certain types of unforgivable debt. The types of debt that bankruptcy will not eliminate include:

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Medical Bankruptcy

Consequences of Bankruptcy

By utahbklawyer | Jun 18, 2019

Consequences of Bankruptcy. Bankruptcy information on your credit report may make it very difficult to get additional credit shortly after the bankruptcy is discharged — at least until the information cycles off your credit report. It will be important to begin rebuilding your credit right away, making sure you pay all your bills on time. You’ll also want to be careful not to fall back into any negative habits that contributed to your debt problems in the first place.

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judgment bankruptcy

Bankruptcy Discharge Papers

By utahbklawyer | Jun 13, 2019

After you have gone through the process of filing for bankruptcy, attending your creditor meeting hearing, and followed all other instructions given to you by your attorney, the trustee, and the court, your case will eventually be discharged and will receive your bankruptcy discharge papers.

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Insiders Guide to Utah homestead law

Reverse Mortgage and Bankruptcy

By utahbklawyer | Jun 5, 2019

Bankruptcy can be a violation of the reserve mortgage agreement so it is vital that you have your attorney look at the agreement to determine if this is the case. There are three important things that you and your attorney should consider before filing the bankruptcy…

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Insiders Guide to Utah homestead law

The Utah Homestead Exemption

By utahbklawyer | May 30, 2019

The term “Utah bankruptcy exemptions” refers to assets that you get to keep when you file bankruptcy. In Utah, as a practical matter, most people keep all their assets when they file bankruptcy if they do a reasonable amount of legal pre-bankruptcy planning.

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bankruptcy when broke

Bankruptcy the best place to start

By utahbklawyer | May 29, 2019

We understand how overwhelming the process can feel, so another great thing to do is get a head start on gathering all of the paperwork that you will need for your case. For example:

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bankruptcy pro and cons

What are the Advantages of Filing Bankruptcy?

By utahbklawyer | May 21, 2019

Some of these rumors have basis in fact others are overly exaggerated. Yes it is true that declaring bankruptcy can hurt your credit score for a period of time. It’s also true that a bankruptcy declaration is a matter of public record. However, critics of the bankruptcy process tend to overemphasize these negative points. If you’re struggling to repay your bills, none of your debt-fighting options are going to be easy or free from stress. It is true that there are a number of methods of debt relief that might help improve your financial situation over time, it important to always remember there’s no magic switch that you can flip to rebuild your credit.

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