Medical debt is a significant concern for many Utah residents. According to a 2019 survey, over 60% of personal bankruptcies in the United States are caused by medical expenses, and Utah is no exception.
Tag: utah bankruptcy lawyer
5 Ways to Stop a Debt Collector
While debt collectors have legal rights to pursue repayment of debts, consumers also have rights that protect them from undue harassment.
Why $0 Down bankruptcy financing is never a good idea.
This may seem like a good solution at first, but in reality, financing a bankruptcy can have long-lasting negative effects. Here are several reasons why financing a bankruptcy can be a bad idea.
Utah Medical Bankruptcy
Although a Chapter 7 bankruptcy does not prevent individuals from incurring future medical debt, it can offer a much-needed break in the short term. Following the discharge of debt, individuals may be in a better financial position to manage any new medical expenses that arise.
Can Bankruptcy Stop Wage Garnishment? Utah Bankruptcy
When you file for Chapter 7 bankruptcy, in Utah, an automatic stay goes into effect. This stay immediately halts most collection actions, including wage garnishment.
Will I lose my dog if I file bankruptcy? Utah Bankruptcy Guy
When it comes to pets, they are typically considered personal property under bankruptcy law. However, the likelihood of losing your dog depends on its value and the exemptions available in your state.
Live a Normal Life After Bankruptcy? Utah Bankruptcy
With perseverance, determination, and a willingness to learn from past mistakes, it’s entirely possible to emerge from bankruptcy stronger, wiser, and better equipped to face whatever your future may hold. Utah Bankruptcy Guy Douglas Barrett…
Utah Bankruptcy Means Test: A Path to Financial Relief
The means test plays a crucial role in determining eligibility for different kinds of bankruptcy chapters. Understanding the details of the Utah bankruptcy means test is essential for those considering bankruptcy.
How many times can you file bankruptcy in Utah?
Bankruptcy laws in Utah provide a mechanism for individuals to obtain relief from overwhelming debt burdens while balancing the need to prevent abuse of the system.
How Much Equity Can I Have In My Home and Still File Chapter 7 in Utah?
The amount of equity you can have in a home and still file for Chapter 7 bankruptcy in Utah depends on various factors, including the Utah bankruptcy exemption laws, the current value of your home, the amount owed on your mortgage, and any other liens or debts secured by the property.