bankruptcy q & a

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:

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Why Chapter 13

If you’ve ever wondered, “Why file Chapter 13 bankruptcy?” This post might help. Before we can answer that question, however, we will need to learn more about what Chapter 13 Bankruptcy is and what it entails.

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best bankruptcy information

The best bankruptcy information you will get is to actually speak with a bankruptcy lawyer. Most attorneys I know offer free consultations for individuals and charge a nominal fee if you own a business. Information can be power so get the best bankruptcy information from an attorney near you.

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codiv bankruptcy

The people that come out of bankruptcy in the best shape tend to be the ones who got expert advice early. You can get referrals from the National Association of Consumer Bankruptcy Attorneys, and the first meeting is typically free. Bankruptcy after COVID 19 does not mean you should rush to file for bankruptcy since your situation could improve, or things could get much worse. You need to understand that a Chapter 7 Bankruptcy can only be filed once every eight years so you will want to file when you can erase the maximum amount of debt.

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Insiders Guide to Utah homestead law

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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A reader just asked can I file bankruptcy with two homes?  Short answer is yes you can file bankruptcy with two homes.  However it may or may not be in your best interest to do so.  If you already have payments that are behind on the homes upon filing bankruptcy the court will place an…

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Recently I had an email from one of the first clients that bought my bankruptcy book: Life after bankruptcy: The Game Plan to Rebuild, Restore, and Renew Your Credit After Bankruptcy.  I share just a part of his note: “Thank you. We appreciate your thoroughness in preparing us for the [bankruptcy] process and post process.…

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There really isn’t a bankruptcy that is “worse” it all depends completely on your financial situation, your goals and needs.  A Chapter 7 Bankruptcy commonly called a liquidation.  Chapter 7 allows individuals to give up certain nonexempt assets and walk away from most of the individuals debts. To qualify, debtors must pass the means test…

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Here are a few things that may help you decide if you should choose bankruptcy vs debt settlement. First, you will want to look at all of your debt, not merely credit card debt.  If your debt is mostly unsecured debt then you will need to determine the amount of that kind of debt. If…

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You may want to consider filing bankruptcy to keep your home, or at least use it to delay foreclosure in some difficult circumstances. The majority of people that declare bankruptcy are able to keep their home throughout the process, but some are not. The government does not expect landlords and other property owners to provide…

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