While the idea of bankruptcy may seem frightening to Utah seniors, it can be a benefit for those who are struggling with debt in their later years.
Tag: file for bankruptcy
Did A Lot of People File Bankruptcy Last Year?
In the year 2020, 544,463 people filed bankruptcy in the United States. That number may seem enormous, but in reality, Bankruptcy filings in 2020 were the lowest they have been in thirty-five years. This may seem counterintuitive for the type of year 2020 was, but it makes sense when you think more about the government assistance that a lot of people received last year.
Finding Money for Bankruptcy
You should always continue to pay your living expenses, such as rent and utilities, student loans, and the payment on any property you wish to keep in bankruptcy, such as a house or a car. As for your other bills, it’s wise to keep making your payments until you have consulted with an attorney, learn that you qualify
4 Items You Can Gather Right Now for Your Bankruptcy
We get that you are stressed rignt now. We can help. We are a full service bankruptcy firm we actually like to talk to our clients on the phone or via text. Once you hire us we take the stress out of filing bankruptcy and walk you throught the process. We dont just sign you up and then make you self prepare the paperwork like other places out there. We also dont try and get you into a further financial mess by trying to finance your bankruptcy
File Bankruptcy Fast In Utah
We firmly believe in quality consultations; during a consultation appointment individuals should have questions answered and get a good understanding of what the bankruptcy process entails for them. A consultation should answer all your questions based on your unique and current situation.
Bankruptcy without assets
There is no requirement to have assets when you file bankruptcy so you can certainly file bankruptcy without assets. In a “No Asset” Chapter 7 bankruptcy case, the debtor doesn’t own any assets or property that the creditors can take therefore they have a bankruptcy without assets. The debtor possesses nothing that can be sold… Continue reading Bankruptcy without assets
Bankruptcy and tax refunds
Many people have questions about bankruptcy and tax refunds. Some come to see their income tax refunds as a type of yearly bonus. In reality these refunds are usually caused by having paid too much in taxes during the past year. Many times people come to rely upon these refunds for planned yearly spending to… Continue reading Bankruptcy and tax refunds