Before your consultation take a moment to refresh yourself on your current financial situation. How much debt are you in? How much is credit card debt? Student loans? Medical debt? What are your biggest financial assets? Have a general idea so that you can relay this information with a bankruptcy attorney in your consultation appointment.
Tag: bankruptcy
Bankruptcy in 2021
Bankruptcy in 2021 still spans the time of the Covid-19 pandemic. Last year many of my clients were able to start the bankruptcy process ahead of the curve because they were able to use a portion of their stimulus checks to cover court and attorney fees.
Reasons to File for Bankruptcy in Utah
Believe it or not, when it comes to current primary causes of bankruptcy, the economic impact of Covid-19 is not what leads to most bankruptcy right now. The main reasons to file for bankruptcy in Utah tend to be things such as payday loans, co-signing for other people, trying to aid grown children with too much financial help, medical debt,
Bankruptcy meaning
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.
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