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.
Tag: Chapter 13
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.
Keep My RV In Bankruptcy
Whether or not you will lose your RV if you file for bankruptcy depends on the type of bankruptcy you file and the laws of the state where you live.
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
Tough Financial Challenges
When debt issues arise in Utah, having experienced legal help can provide a path to get into a better situation during a tough financial challenge. Utah has turned to the Utah Bankruptcy Guy during tough financial challenges for more than 25 year.
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.