divorce or bankruptcy

Money problems tend to impact every area of our lives so it is not a surprise that money problems are consistently listed as a major cause of divorce. Sometimes one spouse accumulates a huge amount of debt on a credit card and the parties simply cannot come up with a way to repay it. Other times medical circumstances of one spouse or a child overwhelm a couples finances and there is simply no way to make payment on the family medical debt.

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First thing to understand, a short sale is when a homeowner, through the approval of their bank or mortgage lender, sells their home for less than what they owe on the mortgage. Potential home buyers must make a short sale offer, and homeowners then communicate this offer to the bank by applying for short sale…

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This is a great question, and an important one to consider whether you are filing bankruptcy individually or jointly with your spouse.  Also depends on whether you are filing Chapter 7 bankruptcy or Chapter 13 bankruptcy. One of the most common questions a Utah bankruptcy attorney receives is: “How will filing bankruptcy affect your spouse?”…

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So which bankruptcy is best?  There really isn’t a right or wrong type of bankruptcy–it all just depends on your circumstances and what would work best for your specific situation. To give you a general idea of which bankruptcy is best you need to understand the different kinds of bankruptcy, here’s a quick summary of…

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  PRESS RELEASE For Immediate Release Orem, UT – Attorney Douglas L. Barrett of Orem has been named once again a Top Rated Lawyer by the website AVVO. AVVO is he premier online legal marketplace that connects consumers and lawyers. Douglas “The Bankruptcy Guy” Barrett has been practicing bankruptcy law since 2000. Barrett received his…

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In today’s mail came the official Trademark for “The Bankruptcy Guy“.  For years my friends have called me “the bankruptcy guy” and last year I started looking into the process of obtaining the official trademark to the name.  In the end it took nearly a year and hours of legal work to obtain the mark. …

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Where to start your bankruptcy?  The idea can be overwhelming and frightening.  As you begin your journey to a financial fresh start its important to determine what is your financial goal.  If you are thinking about bankruptcy it is safe to assume that you have been dealing with financial problems for a period of time…

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This is an interesting question.  Worst in what way? This is my first come back to such a question since if your are a creditor you probably think all bankruptcy is bad (if you are a creditor read about Chapter 13 – it is actually good for creditors).  If you are a debtor, I take…

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