Utah Bankruptcy & Tax Refunds

Some come to see their income tax refunds as a type of yearly bonus.  In reality these refunds are usually caused by having paid too much in taxes during the past year

Utah small business bankruptcy options

If you are a Utah business owner and are considering bankruptcy, it’s a good idea to consult with a Utah bankruptcy attorney to understand your options and to ensure that you make the best decision for you, your business and your financial future.

How to find the right bankruptcy lawyer in Utah

Filing for bankruptcy in Utah can have a long-lasting impact on your finances, so it’s important to choose the right person to help you with the process.

Loan After Your Bankruptcy

The waiting period on getting a loan after your bankruptcy can vary depending on a host of factors, but a big one is the type of bankruptcy you experienced. With a Chapter 7 bankruptcy, lenders typically wait two years after the date of discharge. As for Chapter 13 bankruptcy, you may be eligible for a VA loan just 12 months removed from the filing date.

What Should I Do I Just Got A Wage Garnishment Notice?

You need to understand that when employer gets that wage garnishment order, by law they must begin withholding 25% of your take-home pay right away. The papers say there is a period of time before a response is due but that just means your employer has to keep the money collected until they get an order telling them where to send the money.

7 Utah Bankruptcy Myths

Learn the facts from the Utah Bankruptcy Guy and avoid the myths out there about bankruptcy.  During the past year, the team here at the office keep t a list of the most common misconceptions floating around Utah about bankruptcy.  In no particular order here we go:

What to know: Filing For Chapter 7 Bankruptcy?

In a nutshell you file a Chapter 7 case by submitting a petition in which you disclose all your assets, debts, income and expenses to the court. The documents are reviewed by a series of Trustee’s and at the end of the proceeding, the bankruptcy court issues an order of discharge, and you are no longer liable for applicable debts.

Why file bankruptcy Chapter 7

The Supreme Court has said that “[t]he principal purpose of the Bankruptcy Code is to grant a fresh start to the honest but unfortunate debtor.” The filing of a Chapter 7 bankruptcy puts a stop to most attacks on, and efforts to collect from the debtor. It is also the fastest, simplest and most common type of bankruptcy.

Prepare Bankruptcy Papers Fast

In order to prepare Bankruptcy papers fast, getting together information and documents for your attorney can take a lot of time. But it doesn’t have to be that way.