Filing for a Utah bankruptcy may impact your ability to get a student loan, but it’s not an automatic disqualification.
Tag: federal banruptcy laws
5 Things about Filing Bankruptcy in Utah
Federal bankruptcy law directs most of the bankruptcy process and can be found at 11 U.S.C. sec 101 et seq, but there are some intricacies within each state governed by Utah state law. If you are filing bankruptcy in Utah, you’ve come to the right place! Here are 5 Things about filing bankruptcy in Utah keep in mind
Bankruptcy the best place to start
We understand how overwhelming the process can feel, so another great thing to do is get a head start on gathering all of the paperwork that you will need for your case. For example:
Why bankruptcy is the best option
Bankruptcy helps people who can no longer pay their debts on their own get a fresh start by liquidating their assets to be able to pay their debts or by creating a repayment plan. These are called Chapter 7 bankruptcy and Chapter 13 bankruptcy respectively. Filing for bankruptcy will in most cases prevent your creditors… Continue reading Why bankruptcy is the best option