Eight Interesting Things to Know About Filing Bankruptcy.  The following are interesting things to know about filing bankruptcy.  The decision to file bankruptcy can be tough so here are eight things you need to consider or know about before you make that decision: 1. Deadlines. Deadlines are critical in bankruptcy court. The rules in bankruptcy…

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TYPES OF CREDITORS To understand bankruptcy, credit and debt it helps if you understand the different types of parties involved in the process.  So lets focus in this posing on creditors. It is also important to understand the different types of debt in a bankruptcy. So lets focus on Secured versus Unsecured Creditors. SECURED CREDITORS…

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Medical debt is on of the most common reason that people file for bankruptcy. It even surpasses mortgage debt and credit card debt. Bankruptcy with medical bills occurs when the price of treating a disease, injury or sickness becomes greater than what the patient is able to pay. Even some individuals with medical insurance have…

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There is no requirement that you be employed to file for bankruptcy.   For some reason this rumor is floating around out there, I hear this from time, from potential clients.  In fact, bankruptcy without a job, is one of the most common reasons people file for bankruptcy in Utah. However, being unemployed can affect…

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