What bankruptcy do I qualify for

What bankruptcy do I qualify for was the question I was asked this morning as I entered an elevator this morning.  It seems like a simple enough question that any attorney could easily answer in a moment or two.  The problem is that determining who can file for bankruptcy is one of the more complicated… Continue reading What bankruptcy do I qualify for

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

What you should ask

Here are the Top 10 Questions we think  what you should ask (and the lawyer should be prepared to answer) during your first consultation: 1. Should I file for bankruptcy? This question will most likely provide you with a lot of answers. The lawyer should explain that there are five different types of bankruptcy. Most… Continue reading What you should ask

Is bankruptcy like stealing

Is bankruptcy like stealing?  I have had this question recently ask of me.  My response in that is utterly false.  Every year, over one million people file for bankruptcy, whether through Chapter 7, Chapter 12 or Chapter 13. These are good people who are in difficult financial situations. While there is always a few bad… Continue reading Is bankruptcy like stealing

Filing bankruptcy versus foreclosure

These two options are not mutually exclusive as some think.  If you are facing one of them you may be facing the other as well.  Since filing for bankruptcy will eliminate some if not all of your debts,  you can decide to file bankruptcy before a foreclosure on property the debt most likely will be… Continue reading Filing bankruptcy versus foreclosure

What bankruptcy wont cover

If you are considering bankruptcy you are most likely look at all your options – that’s smart.  It seems to easy to find out the pros of bankruptcy like what a bankruptcy will cover but what won’t cover is the next logical question.  What bankruptcy wont cover are nondischargeable debts.  In the world of bankruptcy… Continue reading What bankruptcy wont cover

New Chapter 13 Bankruptcy Plan

Chapter 13 bankruptcy is the type of bankruptcy that allows for a reorganization of debts.  Chapter 13 can be a very useful tool to allow a debtor the opportunity to keep a home through bankruptcy even if they are behind on their mortgage payments at the time they file bankruptcy.  Many times this is not… Continue reading New Chapter 13 Bankruptcy Plan

Bankruptcy to clear all debt

Had someone send me a question about a bankruptcy to clear all debt.  What they were talking about was filing for Chapter 7 bankruptcy.  A Chapter 7 bankruptcy is designed to wipe out most if not all of your unsecured debts (debts that are not somehow tied to property).  Where a Chapter 13 bankruptcy can… Continue reading Bankruptcy to clear all debt

Bankruptcy when you own a house

Many people want to know if they file bankruptcy what will happen to their house.  The treatment of your house in bankruptcy will be different depending  on which type of bankruptcy you end up filing. There are a number of types of bankruptcy.  The type of bankruptcy you file can be tricky decision and any… Continue reading Bankruptcy when you own a house

Your Retierment Account in Bankruptcy

In Utah when facing a debt crisis, the decision to use or not to use your retirement account to bail you out of the crisis is an important one. Too often we see prospective bankruptcy clients come into the office who have just recently cashed in their retirement accounts in an attempt help them survive their financial problems only to realize that… Continue reading Your Retierment Account in Bankruptcy