Bankruptcy without a job

There is no requirement that you be employed to file for bankruptcy.   For some reason this rumor is floating around out there, I hear this from time, from potential clients.  In fact, bankruptcy without a job, is one of the most common reasons people file for bankruptcy in Utah. However, being unemployed can affect… Continue reading Bankruptcy without a job

Bankruptcy with no income

There is no income requirement to file for Chapter 7 bankruptcy.  Being unemployed with no income makes it easier for you to qualify for a Chapter 7 bankruptcy. This kind of bankruptcy can offer you a new start if you are under employed or after a loss of employment and for the most part your… Continue reading Bankruptcy with no income

How bankruptcy works

The idea of bankruptcy has been around for a very long time. The basic idea of how bankruptcy works has been around as long as history itself you can even read about the concept of bankruptcy in the Bible.  So its not surprising that millions of Americans file for bankruptcy protection every year.  This idea… Continue reading How bankruptcy works

Bankruptcy when married filing individually

If you are married you can file bankruptcy with or without your spouse.  Filing bankruptcy without your spouse depends on your assets and your income if it is better for you to file with your spouse or individually. If you are married filing individually, your spouse does not have to attend the 341 creditors meeting… Continue reading Bankruptcy when married filing individually

Bankruptcy when you own a home

Most of the time when you are thinking about bankruptcy it comes at a stressful point in your life.  One of the principal worries is probably if you’ll be able to keep your home or not. This will depend on several factors including the type of bankruptcy you file. The good news is that with… Continue reading Bankruptcy when you own a home

Which bankruptcy is the worst

This is an interesting question.  Worst in what way? This is my first come back to such a question since if your are a creditor you probably think all bankruptcy is bad (if you are a creditor read about Chapter 13 – it is actually good for creditors).  If you are a debtor, I take… Continue reading Which bankruptcy is the worst

Bankruptcy when unemployed

For some reason that I have not been able to determine there is a rumor floating around that you need to employed to file for bankruptcy protection.  There is no requirement under the Bankruptcy Code to be employed to get protection of the bankruptcy court.  So rest assured that you can still file for bankruptcy… Continue reading Bankruptcy when unemployed

Who pays the bankruptcy trustee

The answer to this common bankruptcy question is that it depends on what kind of bankruptcy you are filing.  In bankruptcy there are a number of different trustees – and it can sometimes get confusing if you don’t deal with them everyday.  There are Chapter 7 Trustees, Chapter 11 Trustees, Chapter 12 Trustees, and Chapter… Continue reading Who pays the bankruptcy trustee

Which bankruptcy is better to file?

A common question that I am asked is which bankruptcy is better to file?  As I am sure you understand this is loaded question.  Each type of bankruptcy addresses a different type of financial need. The first step in filing bankruptcy with our office is a consultation with the attorney. During this consultation the attorney… Continue reading Which bankruptcy is better to file?

What is the timeline for a Chapter 7 Bankruptcy in Utah?

Most of my clients have not previously filed for bankruptcy.  One of the most common questions we get is about the general timeline and process for a typical Chapter 7 Bankruptcy.  In general, Chapter 7 is the quickest bankruptcy to complete.  The typical Chapter 7 case is completed within 90 to 180 days of the… Continue reading What is the timeline for a Chapter 7 Bankruptcy in Utah?