In Utah a bankruptcy can help you in several ways, but it’s important to note that it’s not a one-size-fits-all solution, and it should be carefully considered before making a decision.
Tag: orem utah bankruptcy
Medical Debt Utah Bankruptcy
41% of Americans have medical debt; 6% of adults owe more than $1,000 worth of medical debt; 1% owe more than $10,000. Medical debt in Utah is a significant financial issue for many people. Utah medical bankruptcy may help.
Utah Bankruptcy: Are there different kinds?
Each type of bankruptcy has its own eligibility requirements, process, and consequences.
If You Ain’t Broke We Can’t Fix It!
Filing for bankruptcy isn’t the right decision for everyone. But for individuals who are worried about debt, who want to protect specific property, or who see no other way forward, it can be the best option to bring relief.
What are the benefits to filing bankruptcy
If you’ve ever considered filing bankruptcy, you’ve probably wondered, “What are the benefits to filing bankruptcy?”. This is an important question to ask, and one we are happy to answer. The benefits can be divided up into six different sections.
Will Bankruptcy Save My House
The most common method, used by a mortgage lender to collect on a past due home loan is to foreclose. A foreclosure is the forced sale of someone’s home in order to pay back the debt owed on the mortgage that was used to buy the home. If you have fallen behind on your mortgage payments there are ways to keep your home using the bankruptcy process.
Bankruptcy Changes Due to Covid-19
Let’s face it the world changed in early 2020 as the Covid-19 virus got loose. The bankruptcy world has had to adapt and change as well in these challenging times. Many of the changes I feel will be here for a long time. The constant that I see is you have not lost the ability to file bankruptcy its now just changed how it is being handled by the courts and law firms. At the Utah Bankruptcy Guy we have adapted to this new environment. Now might be the easiest it has been to file bankruptcy in the past 15 years.
It does not really matter how you came to your current situation of financial hardship; the most important thing is what step you will take next. It’s possible that bankruptcy may be the best choice for you or it might be a bad decision. I suggest you take the next step and contact an experienced bankruptcy attorney to learn your best option.
Three Ways Your Bankruptcy Can Be DENIED
This list may make the process of filing for bankruptcy sound rather intimidating. You might be asking “well, how will I know if I did one of those things?” The first step is to ensure that you don’t go through this process alone. Hiring an attorney is your best defense to being greeted by unpleasant surprises in court. An experienced attorney will know what questions to ask you in order to ascertain if you might be in one of these categories, and how to help you safely navigate your bankruptcy filing.
Book on Filing Bankruptcy in Utah
Press Release Orem (UT) for immediate release: Today the Fourth Edition of the book on filing bankruptcy in Utah was published. The Insiders Guide: Getting a Fresh Financial Start in Utah has been in print since 2005. The book, by Utah Bankruptcy lawyer Douglas Barrett, has help thousands determine if filing bankruptcy was their best… Continue reading Book on Filing Bankruptcy in Utah