Utah Bankruptcy

Utah Bankrtupcy information to help you decide the best solution for your situation. Check out the information on how to best prepare for bankruptcy in Utah.

I am still on a car loan with my ex-wife (ex-husband). What happens when I file bankruptcy?

It depends on what you want to happen. Most likely, we will take you off of the car loan and discharge that debt.  Your ex-spouse is still on the hook for the full loan, and they will need to keep pa

What happens to my tax refund in a chapter 13 bankruptcy?

It’s complicated.  Plan on losing all but $1,000 of it for the next 3-5 years. And don’t forget, when you pay this tax refund money into your chapter 13 case, it does NOT pay off your plan early.

What happens to my 2017 tax refund if I file bankruptcy in 2018?

You lose it unless you receive it and spend it first.   In other words, if you are contemplating bankruptcy, you should probably figure out how much of a refund you’ll be getting before you pull t

Now that I’ve filed bankruptcy, how many years will the trustee take my tax refund?

Hopefully just the next one (in a Chapter 7). You will normally only lose one tax refund to the bk trustee, and if you do it right, then you won’t lose any refund money at all.   When we file bank

I just received my order of discharge. Does my bankruptcy case close now?

No. When you file your chapter 7 case, you are seeking a discharge of your debts.  In most cases, you file the case, meet with the bk trustee a month later, take the second online class (the Debtor E

One of our clients filed bankruptcy. Where do I send the bill to be included in bankruptcy?

(This is a creditor question, and I don’t represent creditors.  I represent the people who need to seek bankruptcy protection from creditors, but I get asked the question enough that I thought it w

My mortgage company just filed a motion for relief from the automatic stay in my bankruptcy case. What do I do?

It depends on whether you want to keep the home or give it up. Short Answer: Fight it if you want to try to save the home. Ignore it if you’re surrendering the home anyways. Long Answer: So when you

What caused the cryptocurrency (bitcoin, etc.) market crash on December 21, 2017? (video)

I know.  This isn’t bankruptcy.  But it could lead you to bankruptcy, and it is pretty interesting financial news.  

What happens if I don’t make my filing fee installment payments to the bankruptcy court?

Your case gets dismissed, you still owe the money, and you are no longer protected from your creditors.   So when you file bankruptcy, you are required to pay a filing fee to the bankruptcy court. 

What To Expect At Your 341 Meeting

What To Expect at Your 341 Meeting in Utah 341 Meeting Instructions Your section 341 meeting of creditors is approaching, so to help ensure a smooth meeting this video will provide you with instructio

What Happens to Rental Property in Bankruptcy

The post What Happens to Rental Property in Bankruptcy appeared first on UtahBankruptcyAttorneys.net.

When Can I Buy A Home After Bankruptcy

When Can I Buy A Home After Bankruptcy and Foreclosure? I was speaking with a friend the other day who about a year ago short sold a home following a job loss and related struggles. She had a short-sa

Should I Sign A Reaffirmation Agreement

What Is a Reaffirmation Agreement? A reaffirmation agreement is an agreement by which the debtor agrees to remain personally liable for a debt post-bankruptcy.   A reaffirmation agreement essentiall

Why Is Bankruptcy A Constitutional Principle?

Ever wondered why is bankruptcy a Constitutional Principle? The United States constitution has only 4,400 words. It is the oldest and shortest written Constitution of any major government in the world

What Happens After You File Chapter 13?

Once a chapter 13 bankruptcy case is filed, the automatic stay prevents creditors from legally foreclosing, garnishing, repossessing or collecting against the debtor or any individual joint debtors. A

What Is a Section 341 Meeting of Creditors?

Many of our clients are initially somewhat concerned about the meeting of creditors.  The meeting of creditors need not cause substantial concern. Frequently after the meeting our clients will commen

Are Federal or State Taxes Dischargeable in Bankruptcy?

One of the most frequently asked questions that we hear in our Utah bankruptcy practice is whether taxes can be discharged in bankruptcy. The answer to such a seemingly simple question is actually qui

Increases to Utah Bankruptcy Exemptions

Keep More Property in Bankruptcy The Utah legislature amended the Utah bankruptcy exemptions  in 2013.  Bankruptcy exemptions are the laws that protect property from liquidation in bankruptcy.  Sin

Can I File Bankruptcy Without My Spouse?

Frequently clients need to file for bankruptcy, but want to do so without his or her spouse being affected.  That raises the questions: Can a married person file bankruptcy alone? How is the non-fili

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