The Automatic Stay – Utah Bankruptcy
The automatic stay lasts throughout the duration of the Utah bankruptcy case, which can take several months to several years, depending on the type of bankruptcy being filed and the complexity of the case.
Who wins in a Utah Bankruptcy?
In a Utah bankruptcy case, it's not a matter of "winning" or "losing." Bankruptcy is a legal process that is designed to help debtors get a fresh start by eliminating or reducing their debts. The ultimate goal of Utah bankruptcy is to give the debtor a fair and equitable resolution of their debts
Utah Bankruptcy: Are there different kinds?
Each type of bankruptcy has its own eligibility requirements, process, and consequences.
Will my Ex find out about my Utah bankruptcy?
It's worth noting that even if your Ex is not directly notified of your Utah bankruptcy, they may still find out through other means, such as through mutual friends or by checking your credit report.
Utah Bankruptcy & Tax Refunds
Some come to see their income tax refunds as a type of yearly bonus. In reality these refunds are usually caused by having paid too much in taxes during the past year
Utah small business bankruptcy options
If you are a Utah business owner and are considering bankruptcy, it's a good idea to consult with a Utah bankruptcy attorney to understand your options and to ensure that you make the best decision for you, your business and your financial future.
How bankruptcy can affect a job search
In Utah filing for bankruptcy can have some impact on your job search, but it's not necessarily a barrier to finding employment. With time, hard work, and a good explanation, you may still be able to find a job that fits your skills and interests.
How to find the right bankruptcy lawyer in Utah
Filing for bankruptcy in Utah can have a long-lasting impact on your finances, so it's important to choose the right person to help you with the process.
When Does Bankruptcy Make Sense?
If you are facing a financial crisis, such as a job loss, illness, or divorce, bankruptcy may be the best option to get relief from your debts and get a fresh start.
How to rebuild after bankruptcy
Rebuilding your life after bankruptcy is a process that requires dedication, hard work, and patience. By following these steps, you can regain your financial stability and work towards a bright and secure future.
Can a small business file bankruptcy?
Bankruptcy can have significant consequences for a small business and the business owner(s). There may be damage to its reputation and credit. It's important to consider all options before filing for bankruptcy.
Benefits of Bankruptcy
While filing for bankruptcy will initially have a negative impact on a person's credit score, it will also signal to creditors that the individual is taking steps to address their financial problems and regain control of their finances.
Keep My RV In Bankruptcy
Whether or not you will lose your RV if you file for bankruptcy depends on the type of bankruptcy you file and the laws of the state where you live.
Danger: Don’t Rely on Free Online Bankruptcy Advice
Information is good but remember you need to rely on a local experienced bankruptcy lawyer so you get the best legal outcome possible.
How do you get a bankruptcy discharge?
Unless there is litigation involving objections to the bankruptcy discharge, the debtor will usually automatically receive a discharge. The Federal Rules of Bankruptcy Procedure provide for the clerk of the bankruptcy court to send via US mail a copy of the order of discharge to all creditors, the U.S. trustee, the trustee in the case,… Continue reading How do you get a bankruptcy discharge?
Three Important Things Bankruptcy Can Do
As you start to think about bankruptcy, you should understand there are actually five types. For most people a couple of them will be your best option. The first one and most common is Chapter 7
5 Ways Your Bankruptcy Could Be Denied
We always say it better to give too much information that too little. You are seeking forgiveness of your debts and need to approach the process with clean hands. Rest assured however that if you honestly disclose your required information you should have no problems with the bankruptcy court.
Tough Financial Challenges
When debt issues arise in Utah, having experienced legal help can provide a path to get into a better situation during a tough financial challenge. Utah has turned to the Utah Bankruptcy Guy during tough financial challenges for more than 25 year.
Ways To Stop Foreclosure In Utah
Do you see a foreclosure on the horizon? Here are 5 ways to stop foreclosure before it starts. Foreclosure is a major crisis for most families in Utah. We can help. You have options to help keep you and your family from losing your home. You can get out of debt without losing everything!
Loan After Your Bankruptcy
The waiting period on getting a loan after your bankruptcy can vary depending on a host of factors, but a big one is the type of bankruptcy you experienced. With a Chapter 7 bankruptcy, lenders typically wait two years after the date of discharge. As for Chapter 13 bankruptcy, you may be eligible for a VA loan just 12 months removed from the filing date.
Top 10 Questions you may be asked at your 341 Meeting
Top 10 Questions you may be asked at your 341 Meeting of creditors in Utah. Working with an experienced Utah attorney will help you understand and know how to response to these inquiries.
Bankruptcy dollar adjustments
The bankruptcy dollar adjustments are required to take place every three years pursuant to 11 U.S.C. §104. The new dollar amounts reflect an approximate, average 11% increase.
What happens to my crypto in bankruptcy?
Even though crypto isn’t directly mentioned in the current bankruptcy laws, bankruptcy laws still apply to crypto. Transferring any asset to hide it from creditors is still a fraudulent transfer. Liquidating crypto to pay one creditor to the detriment of the other creditors may still be a preference.
Can I Stop a Garnishment Once it Starts?
The quickest way to stop a garnishment is to just pay off the debt. However, most people cannot afford to do that, or they would have already done it before the garnishment happened. For most people the most effective way to stop the garnishment is to file bankruptcy
What Should I Do I Just Got A Wage Garnishment Notice?
You need to understand that when employer gets that wage garnishment order, by law they must begin withholding 25% of your take-home pay right away. The papers say there is a period of time before a response is due but that just means your employer has to keep the money collected until they get an order telling them where to send the money.
If You Ain’t Broke We Can’t Fix It!
Filing for bankruptcy isn’t the right decision for everyone. But for individuals who are worried about debt, who want to protect specific property, or who see no other way forward, it can be the best option to bring relief.
7 Utah Bankruptcy Myths
Learn the facts from the Utah Bankruptcy Guy and avoid the myths out there about bankruptcy. During the past year, the team here at the office keep t a list of the most common misconceptions floating around Utah about bankruptcy. In no particular order here we go:
Tis the season…
All of the team at the Utah Bankruptcy Guy join together and wish you a very Merry Christmas and a Happy New Year!
What to know: Filing For Chapter 7 Bankruptcy?
In a nutshell you file a Chapter 7 case by submitting a petition in which you disclose all your assets, debts, income and expenses to the court. The documents are reviewed by a series of Trustee’s and at the end of the proceeding, the bankruptcy court issues an order of discharge, and you are no longer liable for applicable debts.
Utah Small Business Bankruptcy
Utah small business bankruptcy is considerably more complex than consumer (personal) bankruptcy. Be careful do not accept the "one-size-fits-all" approach most bankruptcy firms employ. Look for a law firm that will sit down with you discuss whether a Utah small business bankruptcy is your best option. Work with an attorney that is will to suggest non-bankruptcy options as well as bankruptcy option
Thankful
Be Thankful Poet Unknown Be thankful that you don't already have everything you desire. If you did, what would there be to look forward to? Be thankful when you don't know something, for it gives you the opportunity to learn. Be thankful for the difficult times. During those times you grow. Be thankful for your… Continue reading Thankful
Utah Bankruptcy Property Exemptions
The U.S Bankruptcy Code provides numerous exemptions that allow people filing bankruptcy to shield and keep the property they own. But some states do not use the federal law to protect property in bankruptcy they use the law of the state where the case if filed. These laws are called exemption laws.
When bankruptcy is not good
When you are trying to decide when bankruptcy is not good - it can really help to find a reputable attorney who wants to help you explore your options. At the Utah Bankruptcy Guy our Attorney Douglas Barret has 20+ years of experience dealing with these issues.
Chapter 7 or Chapter 13?
Should you consider a Utah Chapter 7 bankruptcy? Absolutely! There is a reason that Chapter 7 bankruptcy is the most common type of bankruptcy....
Who Files For Chapter 7 Bankruptcy?
It is important to talk with a bankruptcy attorney to understand the impact of filing bankruptcy with these kinds of debts. In Utah, check out the Utah Bankruptcy Guy Team we can help.
Which Bankruptcy is Reorganization
One of the great benefits of this kind of bankruptcy is reorganization which can help you avoid losing your home to a foreclosure especially if you are behind on your mortgage payments. You can come up with an affordable repayment plan to keep your home even if your lender is unwilling to work with you.
What are the benefits to filing bankruptcy
If you’ve ever considered filing bankruptcy, you’ve probably wondered, “What are the benefits to filing bankruptcy?”. This is an important question to ask, and one we are happy to answer. The benefits can be divided up into six different sections.
Did A Lot of People File Bankruptcy Last Year?
In the year 2020, 544,463 people filed bankruptcy in the United States. That number may seem enormous, but in reality, Bankruptcy filings in 2020 were the lowest they have been in thirty-five years. This may seem counterintuitive for the type of year 2020 was, but it makes sense when you think more about the government assistance that a lot of people received last year.
Will filing bankruptcy affect my immigration status
So good news, filing bankruptcy will not affect immigration status, green card or the ability to apply for US Citizenship. The only way it could possibly affect these processes, is if it is found later that you had lied in your bankruptcy case under oath, or left out information in the bankruptcy petition,
Bankruptcy and Benjamin Franklin
We can learn a lot from Franklin's perspective. Unhealthy spending habits, lack of discipline and debt can be very cancerous to our lives. So what else has he said on this topic? A well-known quote of his is as follows: “For age and want, save while you may. No morning sun lasts the whole day.”
Money Talks
Relationship money talks about finances should be happening often in serious relationships. They are especially important when you and your significant other are talking about joining your future together in a marriage. When you get married, your spouse’s financial situation can really affect you.
Will bankruptcy affect my husband?
Sometimes filing bankruptcy individually isn’t necessarily the best option if you and your spouse share debts, and only one one of you files since debt collectors still have the ability to contact the non-filing spouse regarding debt payments. Filing jointly can be beneficial to your spouse in that situation, because it could protect them from debt collectors.
Cosigners and Bankruptcy
The idea that Shakespeare is illustrating in Hamlet relates very closely to the modern day concept of being a cosigner to someone else debt. Ever wonder what happens if the guy you cosigned with filed bankruptcy? How does cosigners and bankruptcy work? Let the Utah Bankruptcy Guy explain:
Will Bankruptcy Save My House
The most common method, used by a mortgage lender to collect on a past due home loan is to foreclose. A foreclosure is the forced sale of someone’s home in order to pay back the debt owed on the mortgage that was used to buy the home. If you have fallen behind on your mortgage payments there are ways to keep your home using the bankruptcy process.
5 Questions About Bankruptcy With A Car Loan
Here are 5 common questions about bankruptcy with a car loan you want to talk with your attorney about. Since every situation is different an experience bankruptcy attorney will be able to clarify the options… but you should ask them the questions for piece of mind.