It is important to talk with a bankruptcy attorney to understand the impact of filing bankruptcy with these kinds of debts. In Utah, check out the Utah Bankruptcy Guy Team we can help.
Tag: credit card debt
What are the benefits to filing bankruptcy
If you’ve ever considered filing bankruptcy, you’ve probably wondered, “What are the benefits to filing bankruptcy?”. This is an important question to ask, and one we are happy to answer. The benefits can be divided up into six different sections.
Should I file bankruptcy
When I talk with a potential client I tell people the facts and point them in the direction that would be best for them financially based on their needs, wants and goals. Just because you talk with me does not mean that you need to file bankruptcy – nothing is written in stone.
When to Move Forward with Bankruptcy
When to move forward with bankruptcy is an individual choice of course but if your financial problems are growing and you are not seeing daylight ahead bankruptcy might be the best options. Working with an experienced attorney can help you get on the right track. We tell many people we talk to after the first consultation that bankruptcy for them is a bad idea. Seek out an honest bankruptcy lawyer and have them walk you through your options you might be surprised how quickly you can turn you finical problems around.
6 Things To Consider Before You File Bankruptcy
Most of the above mistakes can be fixed by simply by timing when you file your case. There are time periods for many types of transfers or actions — which means the bankruptcy court will examine certain types of transactions only within a certain period of time before you file. By delaying the filing of your bankruptcy until these periods have expired, you may be able to avoid problems. An experienced bankruptcy lawyer can walk you through the process and help you succeed in obtaining a fresh financial start before you file bankruptcy.
Bankruptcy with credit card debt
Can I file bankruptcy with credit card debt? The short answer to this question is YES. Credit card debt is one of the common reason that people file for bankruptcy. Once your case gets filed the credit card companies and their collection agencies can no longer harass you with phone calls and letters or something… Continue reading Bankruptcy with credit card debt
Why does bankruptcy happen
Why does bankruptcy happen? Bankruptcy occurs when you are insolvent and can’t afford to pay off your debts. It is also the process of seeking legal advice from an attorney and from getting legal relief from your debts, and protection from your creditors. It can be the result of a lot of credit card debt,… Continue reading Why does bankruptcy happen
Do I need credit after bankruptcy
Many times I am asked do I need credit after bankruptcy? If you have just filed a Chapter 7 or Chapter 13 bankruptcy due to financial problems with credit, creditors and/or credit cards or overwhelming medical debt you may have said to yourself that you will never no way no how use credit again. Most… Continue reading Do I need credit after bankruptcy
Bankruptcy with medical bills
Medical debt is on of the most common reason that people file for bankruptcy. It even surpasses mortgage debt and credit card debt. Bankruptcy with medical bills occurs when the price of treating a disease, injury or sickness becomes greater than what the patient is able to pay. Even some individuals with medical insurance have… Continue reading Bankruptcy with medical bills