Latest Utah Bankruptcy News And Information

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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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Bankruptcy and broke

When declaring bankruptcy is a bad idea

By utahbklawyer | May 16, 2019

There are times when the negatives simply outweigh the positives of filing for bankruptcy, and no matter how dire your debt may appear, bankruptcy will only exacerbate the problem and then bankruptcy is a bad idea.

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Life after bankruptcy the book

Why bankruptcy is smart

By utahbklawyer | May 1, 2019

Do you know why bankruptcy is smart? Some people think bankruptcy is the equivalent of failure, but sadly they are misinformed. Active measures in accordance with the law that alleviate undue burden is the opposite of passivity and unassociated with failure in every regard. Many lawyer from across the country would confirm that bankruptcy is…

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bk options

Why bankruptcy is the best option

By utahbklawyer | Apr 25, 2019

Is there a time when bankruptcy is the best option? When you are faced with bills and collectors screaming to get paid you might start to wonder what are your options. As I see it you have a few different choices dealing with debt

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judgment bankruptcy

Are bankruptcy fees tax deductible?

By utahbklawyer | Apr 16, 2019

Are bankruptcy cost and fees considered tax deductible? When looking at that kind of tax deductions that are available when you are in bankruptcy you first need to understand that there are difference depending on the kind of bankruptcy case you filed be it Chapter 7 or Chapter 13.

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Insiders Guide to Utah homestead law

Which bankruptcy eliminates all debt

By utahbklawyer | Apr 4, 2019

If you’re hoping that bankruptcy is a quick way to have your debts discharged without having to pay another cent or lift a finger, you can be disappointed if you don’t know the facts. Which bankruptcy eliminates all debt? Well Chapter 7 bankruptcy, the most common type of consumer bankruptcy, is also called a ‘liquidation’…

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ch 13 bankruptcy

Which bankruptcy to file

By utahbklawyer | Mar 19, 2019

File Bankruptcy But Which One? Many people ask me which bankruptcy to file. As with many things in life, the answer really depends on your particular circumstances. Since there are actually several different kinds of bankruptcy it may be easy to eliminate a few of them since some are applicable to very specific parties, such…

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