When experiencing financial difficulties that are insurmountable based on the level of debt and income, bankruptcy can be an effective solution. One of the first things that one must do is decide which type of bankruptcy is right for their particular situation. The two options for most people are Chapter 7 bankruptcy and Chapter 13 bankruptcy, so take some time to learn about the differences between each of Read More
Chapter 7 Bankruptcy: What You Must Know About “The Means Test”
When going through bankruptcy, most people prefer chapter 7 because it is better able to wipe out debts completely, rather than just restructure them so they can still be repaid. In order to qualify for a chapter 7 bankruptcy, however, you must pass ‘the means test’ which looks at your income level. This test is intended to prevent high-income filers from being able to wipe out debts that they could repay with a Read More
Salt Lake Bankruptcy Lawyer
Get Relief From Creditors Now Stop Harassing Telephone Calls. Stop Collection Letters. Stop Lawsuits, Wage Garnishments. Stop Bank Attachments. Stop Evictions, Foreclosures and Repossessions. Save Your House and Business. Get Rid of all Dischargeable Debt, such as Credit Card Debt, Medical Bills and Personal Loans. Get Rid of all Dischargeable IRS and State Taxes. Not Sure whether you should use Debt Consolidation Read More
Stop Foreclosure, Stop Garnishments
You can stop garnishments and foreclosures immediately by filing for bankruptcy. To see if you qualify, call our office in Ogden or Salt Lake City to have an immediate no obligation consultation with one of our bankruptcy attorneys. Call us Today! Ogden, UT: 801-475-0123 Salt Lake City, UT: 801-503-0015 Read More
Where do I Find the Utah Property Exemptions?
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 enforce their judgments in and outside of bankruptcy. In other words, if you have Read More
What to do with marital debt after a divorce?
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 sounds like they are really alimony or child support. Such as, "in the form of alimony, the Petitioner shall be required to pay the Read More
What is a cheap bankruptcy?
If you are looking for a cheap bankruptcy you will likely find it. There are many options around from paperwork preparers that can cost below $500 to the thousand dollar complete Chapter 7. Make sure whomever you choose to do your bankruptcy is competent and it is wise if the person you choose does other law besides bankruptcy. At first glance, a bankruptcy sweatshop may seem like a good idea until you get signed up. Read More
What is Chapter 7 Bankruptcy?
The federal bankruptcy code has two main chapters that are applicable to debtors. These two chapters are Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, there are three main players, the debtor (you), the creditors, and the trustee. In a Chapter 7, all of your non-exempt property becomes property of the bankruptcy estate and the person in charge of that estate is the trustee. The trustee is required to obtain Read More
What is a Chapter 7 Bankruptcy Discharge?
A bankruptcy discharge is a court order. Such order grants a "discharge" (forgiveness and elimination of debt) to the persons named as the "debtor" in the bankruptcy petition. Collection of Discharged Debts is Prohibited. The discharge prohibits (makes illegal) any attempt to collect from the debtor a debt that has been discharged. For example, a creditor must never contact a debtor by mail, phone, fax, email or Read More
Best Bankruptcy Attorney?
When selecting your attorney, if you are reviewing or consulting with a number of attorneys take care to not select the one that overly pushes you into filing bankruptcy. I see all too often debtors filing with only $5,000 in unsecured debt. Unless some extenuating circumstance exists, this is not in the best interest of the client because it assumes that the client will not incur any other obligations in the near Read More
