Latest Utah Bankruptcy News And Information
Stay up-to-date with Douglas "The Bankruptcy Guy" Barrett and the entire DLBLAW team
Bankruptcy can be hard let us make it easy
Recently an attorney friend of mine commented that the sign at the hearing location we were attending had misspelled the word bankruptcy. Bankruptcy can be a hard word to spell. So I decided to start to keep a list of the many ways that I have seen the word misspelled on forms and emails sent to my office. Here…
Read MoreHow to get a Free credit report
I have a lot of Utah clients ask me how they can get a copy of their credit report as they prepare to file bankruptcy. Federal law requires each of the three nationwide consumer credit reporting companies – Equifax, Experian and TransUnion – to give you a free credit report every 12 months if you ask for…
Read MoreWas your Utah Bankruptcy Case Prepared in India or Mexico?
The new trend in the world of bankruptcy is to outsource case and/or document preparation to workers in far away countries. Ask yourself is that how you want your Utah bankruptcy case prepared? Do you want your most personal financial information stored on computers located in Mexico, India, or China? Right now there is a lot of…
Read More2016 Tax Refunds Delayed for Millions
Today the National Consumer Law Center issues a press release that Tax Refunds for millions of taxpayers will be delayed until late-February. Due to new legislation the IRS will delay processing returns until February 15 and they have stated they do not anticipate refunds arriving in bank accounts or on prepaid cards until February 27.…
Read More5 Common Bankruptcy Myths
Here are 5 common myths that that I hear all the time from people that I consult with: Myth #1: You Can Declare Bankruptcy by Saying It in Public In an episode of The Office, when Michael Scott’s finances are tight, he screams, “I declare bankruptcy!” His accountant Oscar says, “Hey, I just want you…
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Read MoreA Judgment Is Not A Lien, But A Lien Can Be Created From a Judgment
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…
Read MoreIncome Tax Refunds and Utah Bankruptcy
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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