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Tag: utah bankruptcy guy
Reasons to File for Bankruptcy in Utah
Believe it or not, when it comes to current primary causes of bankruptcy, the economic impact of Covid-19 is not what leads to most bankruptcy right now. The main reasons to file for bankruptcy in Utah tend to be things such as payday loans, co-signing for other people, trying to aid grown children with too much financial help, medical debt,
Bankruptcy help in Utah
Meet Jack and Diane two Utah kids doing the best that they can. Things were going along great for the couple and they soon had two kids, a nice little house, a dog named “Timmy”, and both had good jobs. But then one day Jack got hurt at his job at the Tasty Freeze.
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.
How often can you file bankruptcy
Receiving a discharge of debts after filing bankruptcy can be a huge relief, but sometimes it might be only a temporary reprieve. As the years pass, the bills might start piling up again, and unexpected events like illness or layoffs can overwhelm your finances all over again. In these circumstances, the question “how often can you file bankruptcy?” is relevant.
Most people are waiting too long to file bankruptcy
Bankruptcy should not be the last resort when nothing is left to your name. If you put it off too long you might find yourself in a hole you’re unable to afford to dig yourself out of without time and serious self-discipline. Many of my clients here in Utah are surprised to learn that many of things they lost, just before they choose to file bankruptcy, could actually have been saved if we had talked just a bit sooner. Don’t let this be you.
2020 Bankruptcy Filing Fee To Increase
These fee increases, outlined in the attached document, will be effective December 1, 2020. Note that the increase to the administrative fee for filing a bankruptcy petition is only one portion of the total filing fee.
5 Things about Filing Bankruptcy in Utah
Federal bankruptcy law directs most of the bankruptcy process and can be found at 11 U.S.C. sec 101 et seq, but there are some intricacies within each state governed by Utah state law. If you are filing bankruptcy in Utah, you’ve come to the right place! Here are 5 Things about filing bankruptcy in Utah keep in mind
3 Tips for Finding the Right Utah Bankruptcy Attorney
Often bankruptcy attorneys offer consultations at low or no cost. A consultation gives you the opportunity to ask the lawyer any questions you have about filing bankruptcy. Scheduling a consultation does not mean that you are hiring them to file your case; simply that you are feeling things out, so it’s a great chance to evaluate if you want to continue working with them
Divorce or Bankruptcy First
The different stages of divorce affect some of your options within bankruptcy which you should make your attorney aware of. For example: Are you already divorced? Are you separated? Are you meeting with divorce attorney right now? These and other scenarios ultimately affect filing and whose stuff is affected.