Tag: Chapter 7 bankruptcy

Expunge a Utah Bankruptcy?

Expunging a Utah bankruptcy, or completely removing it from your credit record, is generally not possible. Bankruptcy is a legal process that is a matter of public record, and credit reporting agencies are legally required to report it on your credit report for a certain period of tim

Reverse Mortgage: Utah Bankruptcy

If a homeowner with a reverse mortgage is facing financial difficulties and is considering bankruptcy, there are several factors to consider.

Why isn’t bankruptcy free?

Utah bankruptcy lawyers charge fees for their services, which typically include preparing and filing the bankruptcy petition, representing you in court, and providing legal advice throughout the process.

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.

Utah small business bankruptcy options

If you are a Utah business owner and are considering bankruptcy, it’s a good idea to consult with a Utah bankruptcy attorney to understand your options and to ensure that you make the best decision for you, your business and your financial future.

Benefits of Bankruptcy

While filing for bankruptcy will initially have a negative impact on a person’s credit score, it will also signal to creditors that the individual is taking steps to address their financial problems and regain control of their finances.