As you start to think about bankruptcy, you should understand there are actually five types. For most people a couple of them will be your best option. The first one and most common is Chapter 7
Tag: #utahbkguy
5 Ways Your Bankruptcy Could Be Denied
We always say it better to give too much information that too little. You are seeking forgiveness of your debts and need to approach the process with clean hands. Rest assured however that if you honestly disclose your required information you should have no problems with the bankruptcy court.
Utah Small Business Bankruptcy
Utah small business bankruptcy is considerably more complex than consumer (personal) bankruptcy. Be careful do not accept the “one-size-fits-all” approach most bankruptcy firms employ. Look for a law firm that will sit down with you discuss whether a Utah small business bankruptcy is your best option. Work with an attorney that is will to suggest non-bankruptcy options as well as bankruptcy option
Who Files For Chapter 7 Bankruptcy?
It is important to talk with a bankruptcy attorney to understand the impact of filing bankruptcy with these kinds of debts. In Utah, check out the Utah Bankruptcy Guy Team we can help.
5 Questions About Bankruptcy With A Car Loan
Here are 5 common questions about bankruptcy with a car loan you want to talk with your attorney about. Since every situation is different an experience bankruptcy attorney will be able to clarify the options… but you should ask them the questions for piece of mind.
Why file Chapter 13 Bankruptcy
If you’ve ever wondered, “Why file Chapter 13 bankruptcy?” This post might help. Before we can answer that question, however, we will need to learn more about what Chapter 13 Bankruptcy is and what it entails.
Should I file for Bankruptcy before I get Married?
Here’s the thing, if you’re about to get married you’re smart to take time to strategize financially. Taking a large amount of debt into a marriage can be destructive on many different levels. One of the leading causes of divorce is money problems so it is defiantly wise to consider your options before you tie the knot.
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.
Bankruptcy in Retirement
Filing a Utah bankruptcy in retirement is a legitimate effort to rid oneself of oppressing debt that cannot be tackled on a fixed income. Being stuck with a lot of debt in retirement is challenging
Bankruptcy Planning
Because of abuses of the bankruptcy system in the past the current Bankruptcy Code is designed to penalize multiple bankruptcy filers. This multiple filing is called “serial filing” in the bankruptcy world. Individuals who are “serial filers” can lose important benefits in their bankruptcy – the most important of which is called the automatic stay – the act of stopping immediately a foreclosure, lawsuits or other collection activity.