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.
Bankruptcy can provide relief for individuals and businesses who are experiencing financial distress by providing a way to eliminate or restructure debts.
If you are facing a financial crisis, such as a job loss, illness, or divorce, bankruptcy may be the best option to get relief from your debts and get a fresh start.
Relationship money talks about finances should be happening often in serious relationships. They are especially important when you and your significant other are talking about joining your future together in a marriage. When you get married, your spouse’s financial situation can really affect you.
Before your consultation take a moment to refresh yourself on your current financial situation. How much debt are you in? How much is credit card debt? Student loans? Medical debt? What are your biggest financial assets? Have a general idea so that you can relay this information with a bankruptcy attorney in your consultation appointment.
Ultimately, the point is that anyone can find themselves in a tough spot financially. The great news is that they can also rise above those circumstances and get a fresh start. If you are struggling financially, remember you can start over and bounce back.
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.
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
After more than 17 years at our old location we are excited to announce that we have moved. Our new office is easier to find with great parking. We are now in the heart of all the great new things happening in Orem just off the University Parkway. Our address is: Law Office of Douglas… Continue reading Utah Bankruptcy Guy – How to find our new office