In order to determine what bankruptcy can i file for or if you are eligible for bankruptcy, you must take the means test. in 2005 Congress made major changes to the bankruptcy laws via changes to the U.S. Bankruptcy Code. One of the new changes was something called the “Means Test”. The means test will… Continue reading What bankruptcy can I file
Tag: Utah bankruptcy
Bankruptcy without tax returns
You can file a bankruptcy without tax returns but if you have unfiled tax returns it may be in your best interest to file them before you file as opposed to right after you file for bankruptcy. It is in you best interest to have your tax returns filed prior to the filing of your… Continue reading Bankruptcy without tax returns
What bankruptcy means
The simple answer to what bankruptcy means is that “the bank is broken.” What bankruptcy means that you most likely do not have sufficient assets or money to pay off or cover your debts. What bankruptcy means in todays usage is a legal maneuver that can help way to wipe out those debts that you… Continue reading What bankruptcy means
Are bankruptcy records public
Yes bankruptcy records are available to the public. There is website where bankruptcy records are posted as they occur called Public Access to Court Records or PACER. They will most likely just be looked up by attorney’s however, because on the PACER website it costs money to review each page and to open an account… Continue reading Are bankruptcy records public
Bankruptcy to avoid lawsuit
Bankruptcy can be a valuable tool to stop a lawsuit. It depends, of course, on what kind of bankruptcy you file and if your debts are dischargeable or nondischargeable. Many people file what is called a preemptive bankruptcy where they file after being sued by a creditor but before a judgment is actually entered… Continue reading Bankruptcy to avoid lawsuit
Bankruptcy when you own a home
Most of the time when you are thinking about bankruptcy it comes at a stressful point in your life. One of the principal worries is probably if you’ll be able to keep your home or not. This will depend on several factors including the type of bankruptcy you file. The good news is that with… Continue reading Bankruptcy when you own a home
Bankruptcy when you own a house
Many people want to know if they file bankruptcy what will happen to their house. The treatment of your house in bankruptcy will be different depending on which type of bankruptcy you end up filing. There are a number of types of bankruptcy. The type of bankruptcy you file can be tricky decision and any… Continue reading Bankruptcy when you own a house
Who pays the bankruptcy trustee
The answer to this common bankruptcy question is that it depends on what kind of bankruptcy you are filing. In bankruptcy there are a number of different trustees – and it can sometimes get confusing if you don’t deal with them everyday. There are Chapter 7 Trustees, Chapter 11 Trustees, Chapter 12 Trustees, and Chapter… Continue reading Who pays the bankruptcy trustee
Three Ways To Improve Your Credit Score After Bankruptcy
Good financial habits must be cultivated and maintained over time in order to raise your credit score after you file for bankruptcy. Here are three simple steps that can help you improve your credit rating. 1.Pay your debts early and religiously to make sure you are always in good standing. 2.Getting a secured, affordable loan and paying it back… Continue reading Three Ways To Improve Your Credit Score After Bankruptcy
If I'm married do I have to file bankruptcy with my spouse?
No, the United States Bankruptcy code does not require married couples to file together. However, in most of the cases I see, both spouses usually choose to file together. But there are exceptions, such as recent newlyweds, sometimes only one spouse files thereby preserving the credit standing of the other, non-filing spouse. You do need to… Continue reading If I'm married do I have to file bankruptcy with my spouse?