I get asked this question a lot. The answer is no, but we are entering the period of the year when bankruptcy filings cyclically slow down. This is because of the tax season. The best time of the year to file bankruptcy is right after you get your tax refund and then through June or so. After
REAFFIRMATIONS IN BANKRUPTCY In bankruptcy, you have some options regarding what you can do with secured debts. A secured debt is a debt you are paying to keep a house, car, four-wheeler etc. You may either reaffirm the debt (keep paying on the debt and keep the secured item), redeem (pay fair market value for
Leverage the Homestead Exemption When Filing Bankruptcy to Maximize Your Benefits The Utah exemption for a homestead is $20,000 for each individual. If you file with a spouse you may claim $40,000 in your “primary personal residence.” Utah Code §78B-5-503. Make sure your bankruptcy paperwork (Schedule C) lists this exemption specifically applying to your personal
Bankruptcy’s effect on divorce proceedings After the new bankruptcy code amendments in 2005, a spouse is liable to another spouse for any debt arising out of a separation agreement or divorce decree. During a divorce action, the debts are divided up “equitably” between the parties, but the parties to the divorce are still liable to
At Arnold, Wadsworth & Coggins, our bankruptcy lawyers will tell you that a Chapter 7 Bankruptcy does not involve any court protected repayment plan and will legally eliminate your unsecured dischargeable debt such as credit cards, medical bills, most judgments and garnishments, repossession debt, eviction or broken lease debt, some taxes, and past due utilities.
Utah Bankruptcy Lawyers Arnold, Wadsworth & Coggins Attorneys helps Utah citizens file Chapter 7 and Chapter 13 which are the two main chapters under which individuals can file personal bankruptcy in Utah. Chapter 7 bankruptcy is a liquidation of assets, while Chapter 13 bankruptcy is a reorganization where the debtor creates a three to five
We have moved our Salt Lake City bankruptcy office to 175 W 200 S, STE 3003, Salt Lake City, UT 84111. This attorney office will provide Chapter 7 and Chapter 13 bankruptcy relief services for the greater Salt Lake City area.
What is the purpose of Exemptions? Put simply, exemptions are what property you are allowed to keep from creditors no matter what (except for rare circumstances). If you are asking this question you have probably done some research already and know that each state has its own exemptions. These exemptions apply to creditors trying to
What is the best time to file bankruptcy? This is a great question. One factor to consider are whether you have an urgent situation that is imminent like a garnishment. Another, and often more severe factor to consider is your tax filing status. What you are trying to avoid here is the bankruptcy trustee taking your
Marital Debt After your decree of divorce is signed by the judge and becomes final, what are your options in regards to the debt you are required to take care of? To answer this question you need to read your decree to see if any of your debt obligations are couched in a way that
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When it comes to family law and divorce matters, our lawyers take into account how difficult your situation may be right now. As Utah divorce attorneys, we fight aggressively for your rights in litigation, but we will always treat you with compassion and sensitivity — in the same way we would treat our own family members. In fact, the support we provide to our clients is so heartfelt that most remain in contact with us for years after their case has been favorably resolved.
The American Institute of Family Law Attorneys™ has selected us for two years in a row as one of the best lawyers in the country based on Client Satisfaction. This award is based on our commitment to fulfilling the needs of our clients and helping them get through one of the most stressful situations of their life. As we’ve grown, we’ve developed offices throughout the Salt Lake region in Salt Lake City, Ogden, and Lehi to show our commitment to servicing the families of north-central Utah and beyond.
If you are seeking legal help on divorce, divorce modification, child support, or child custody, don’t delay in contacting us. The sooner you call us, the sooner you can get things resolved for you and your kids. In some cases, you may only have a limited amount of time to act before it’s too late to defend yourself or get the resolution you want. We know how painful things are right now, and we want to resolve your issues as quickly as possible so you can rebuild your life and the precious bonds you have with your family.
Brian Arnold was recently featured on Big Talk 860 AM Radio answering Family Law Questions and is an Editor on the Utah Journal…
Matt Wadsworth earned his Bachelor’s from the University of Utah in Economics where he graduated in the top ten percent of…
Deven is a Utah native and prior to becoming an aggressive, knowledgeable and experienced attorney, he excelled…
Prior to joining Arnold, Wadsworth & Coggins Attorneys, Lauren earned her Political Science degree from the University of Utah…
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