Bankruptcy Judge: Utah Bankruptcy

It’s worth noting that while appearances before a judge are relatively rare in Utah bankruptcy cases, it’s possible that you may need to appear in court.

Chapter 7 Bankruptcy vs Chapter 13 Bankruptcy

Chapter 7 and Chapter 13 are two types of consumer bankruptcy under U.S. law. Both are designed to help individuals struggling with debt to either eliminate or reorganize their debt. The main differences between the two are outlined below.

The Automatic Stay – Utah Bankruptcy

The automatic stay lasts throughout the duration of the Utah bankruptcy case, which can take several months to several years, depending on the type of bankruptcy being filed and the complexity of the case.

Who wins in a Utah Bankruptcy?

In a Utah bankruptcy case, it’s not a matter of “winning” or “losing.” Bankruptcy is a legal process that is designed to help debtors get a fresh start by eliminating or reducing their debts. The ultimate goal of Utah bankruptcy is to give the debtor a fair and equitable resolution of their debts

Utah Bankruptcy: Are there different kinds?

Each type of bankruptcy has its own eligibility requirements, process, and consequences.

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

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.