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. 

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

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!

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. 

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.

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. 

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:

No Money Left

Large corporations understand the benefits of bankruptcy and may utilize it to keep their company afloat. However, the average person doesn’t usually know that when they have no money left, bankruptcy is actually a safety net. The Utah Law Office of Douglas Barrett offers free personal bankruptcy consultations to discuss what strategies are best for you in your financial situation

5 Bankruptcy Terms You Need to Know

Learn these 5 bankruptcy terms you need to know and you be ahead of most non attorney participants in the bankruptcy court system. Using an experienced bankruptcy attorney to help you navigate a complex court system will save you time and money in most circumstances.