A Utah Chapter 13 bankruptcy is a good option for individuals who are struggling with debt. It allows individuals to keep their assets, provides a structured repayment plan, provides relief from creditor calls and collection efforts, can help improve their credit score, provides a fresh start, and gives individuals a sense of control over their finances.
Tag: Utah Chapter 13
Bankruptcy trustee
Although the trustee in bankruptcy is not a judge, he or she has tremendous influence over a bankruptcy case. Many of my clients do not know what this person does. So here is the quick version of the role of a bankruptcy trustee in Utah and nationwide. So just who is the bankruptcy trustee? Trustee… Continue reading Bankruptcy trustee
Bankruptcy for child support
Congress decided that child support is too important to be discharged in a bankruptcy. It is not possible to get a discharge in bankruptcy for child support. Child support has been granted a priority status in bankruptcy. As a result of that your child support will be placed in as a priority debt in… Continue reading Bankruptcy for child support
Utah Bankruptcy Laws
Chapter 13 Bankruptcy or Chapter 7 Bankruptcy in Utah. Utah bankruptcy laws were created to provide specific relief for business owners, individuals and families whose lives are being disrupted by excessive debt. The laws have two basic goals: Debt elimination and property protection. The Utah bankruptcy laws are set forth under federal law. Article I,… Continue reading Utah Bankruptcy Laws