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
Tag: Chapter 7 bankruptcy
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?
Student Loans and Bankruptcy
Student loans are the most common way Utahans use to fund an education, specifically college and graduate school. They can also provide educational opportunities that you may otherwise not have been able to obtain due to the cost. Sadly in many of the Utah cases that I see college grads are left with a diploma and the crushing financial burden of both… Continue reading Student Loans and Bankruptcy
What questions should you ask a bankruptcy lawyer at your first consultation?
When you’re thinking about filing for bankruptcy it’s critical that you hire an experienced bankruptcy lawyer to help you through the process. Most Utah lawyers offer free initial consultations in personal bankruptcy cases. This is good for the consumer since it will give you an opportunity to meet with different lawyers to determine who you… Continue reading What questions should you ask a bankruptcy lawyer at your first consultation?
Can I File Bankruptcy For My Medical Bills?
Having overwhelming medical debt is a leading factor that leads to people needing to file a bankruptcy in Utah. In the majority of cases I see this arises from the failure of the debtor to have medical insurance. Even if you have medical coverage it is possible to run up huge medical debts your insurance… Continue reading Can I File Bankruptcy For My Medical Bills?
Income Tax Refunds and Utah Bankruptcy
Some people come to see their income tax refunds as a yearly bonus. In reality these refunds are usually caused by a taxpayer having paid too much in taxes during the past year. Sometimes people have even come to rely upon these refunds for planned yearly spending to catch up on bills, go on vacation,… Continue reading Income Tax Refunds and Utah Bankruptcy