If you’re facing financial difficulties, it’s important to consider all of your options, including bankruptcy, and to speak with a Utah bankruptcy attorney early in the process who can help you understand your options and make the best decision for your situation.
The treatment of the EIDL loan in a Utah bankruptcy will depend on several factors, including the type of bankruptcy you file (Chapter 7 or Chapter 13), the amount of the loan, and the terms of the loan.
Utah small business bankruptcy is considerably more complex than consumer (personal) bankruptcy. Be careful do not accept the “one-size-fits-all” approach most bankruptcy firms employ. Look for a law firm that will sit down with you discuss whether a Utah small business bankruptcy is your best option. Work with an attorney that is will to suggest non-bankruptcy options as well as bankruptcy option
Often bankruptcy attorneys offer consultations at low or no cost. A consultation gives you the opportunity to ask the lawyer any questions you have about filing bankruptcy. Scheduling a consultation does not mean that you are hiring them to file your case; simply that you are feeling things out, so it’s a great chance to evaluate if you want to continue working with them
Bankruptcy where to file? This question could be answered two different ways; hopefully one of which is the answer you are looking for! To begin with, your bankruptcy case will be filed with the federal district court of the location you have lived in for the past 180 days
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
Ever wondered how you filing for bankruptcy might affect someone who has cosigned a debt with you? Many people use a co-signer to purchase all types of things. for the most part this is done because they have little or nor credit history or the credit history that they have is in very bad shape. … Continue reading How bankruptcy affects a cosigner