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.
Tag: bankruptcy guy
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.
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.