It does not really matter how you came to your current situation of financial hardship; the most important thing is what step you will take next. It’s possible that bankruptcy may be the best choice for you or it might be a bad decision. I suggest you take the next step and contact an experienced bankruptcy attorney to learn your best option.
Tag: bankruptcy
3 Tips for Finding the Right Utah Bankruptcy Attorney
Often bankruptcy attorneys offer consultations at low or no cost. A consultation gives you the opportunity to ask the lawyer any questions you have about filing bankruptcy. Scheduling a consultation does not mean that you are hiring them to file your case; simply that you are feeling things out, so it’s a great chance to evaluate if you want to continue working with them
Bankruptcy: Can I bounce back?
Sometimes you need the protection of the legal system in this country to get a do over. I find that most people by following some simple principles will thrive after bankruptcy. That is what we do at the Utah Bankruptcy Guy. Its our belief that tomorrow will be a better day and success is in your post bankruptcy future. We will give you the resources to come out of bankruptcy stronger and focused on a brighter tomorrow. Can I bounce back – of course you can!
When is bankruptcy a good idea
Bankruptcy should not be approached casually. After all, it’s not a simple, easy cure-all for out-of-control spending. Bankruptcy used in the right way at the right time can save you money, preserve your peace of mind and get you back on your feet financially. So when is bankruptcy a good idea? I ask my clients… Continue reading When is bankruptcy a good idea
What bankruptcy is best for me
A woman walks in a store to return a pair of eyeglasses that she had purchased for her husband a week before. “What seems to be the problem, madam?” “I’m returning these glasses I bought for my husband. He’s still not seeing things my way.” When you are considering bankruptcy you are sure to wonder… Continue reading What bankruptcy is best for me
Chapter 13 Bankruptcy: How Long Does It Take?
One of the common questions people ask us is how long does it take to complete a Chapter 13 cases. As I have written about other types of bankruptcy such as Chapter 7 cases take a matter of months in most cases however Chapter 13 cases can take from 3-5 years to complete. Here is… Continue reading Chapter 13 Bankruptcy: How Long Does It Take?
What is a bankruptcy trustee
When a Chapter 7 bankruptcy petition is filed in Utah, two trustees are appointed, the U.S. Trustee and the Chapter 7 Trustee. The Utah Chapter 7 Trustee’s purpose is to administer the case and liquidate the debtor’s nonexempt assets. If all the debtor’s assets are somehow protected or are subject to valid liens, the trustee… Continue reading What is a bankruptcy trustee
How will bankruptcy affect my pending divorce?
Bankruptcy and divorce – both can be sticky situations – combined them and you may have a real mess on your hands. Usually a bankruptcy takes precedence over a divorce. If you file a bankruptcy during a divorce you may delay the distribution of assets and debts until the bankruptcy case is completed. In other… Continue reading How will bankruptcy affect my pending divorce?
Can I file bankruptcy with a rental property?
Keeping Rental Property in Chapter 7 Bankruptcy Chapter 7 bankruptcy is commonly called liquidation bankruptcy. Since the appointed bankruptcy trustee has the power to sell your non-exempt assets to pay back your debts and can sell your property to reimburse your creditors. However you are allowed to keep a certain amount of property in Chapter… Continue reading Can I file bankruptcy with a rental property?
Where are bankruptcy proceedings held
Are bankruptcy proceedings held in federal courts? In Utah those courts are located in Salt Lake City and in Saint George, Utah. The clerk of the bankruptcy court is located at the court in Salt Lake at 350 South Main Street, Salt Lake City in the Moss Courthouse on the Third Floor. Bankruptcy is part… Continue reading Where are bankruptcy proceedings held