Find the best information on Utah Bankrtupcy and what you can do to plan out your strategic bankruptcy.
OverviewBankruptcy [wex:law] provides for the reduction or elimination of certain [wex:debt|debts], and can provide a timeline for the repayment of [wex:nondischargeable debts] over time. It also pe
It depends on what you want to happen. If you want to keep the financed tools, then you keep them and keep paying on them. If you want to surrender the tools and wipe out the debt, then you can give
It’s tough. First off, let me put this out there: I am a bankruptcy attorney, not a financial advisor. This is not legal advice, investment advice, and may not even be good advice. Short answer:
I ask myself this question more than I actually hear it from clients, so I think it’s more of a crazy- person-talking-to-himself-internal-monologue kind of question. So to answer that internal voice
Basically, if you are over, then you are a chapter 13. If you are under, then you are a chapter 7. Now remember that these numbers can be adjusted by child support payments (received or made)
Generally, you wipe out the debt. Every week or so I look at the “insights” on my blog to see what searches people run. Here is today’s entry: If you look at the searches, you can see t
I am not an accountant and I don’t do taxes! So take this with a grain of salt. This is just what one of my clients did recently with the Utah State Tax Commission (“USTC”). We are si
You lose them unless you keep paying for them. When we file a chapter 7 bankruptcy, you list secured items (like your home or car or tools) and then list the secured creditor. If you want to kee
There’s a pretty good chance that they will. When you file bankruptcy, you are required to list any person to whom you pay child support/alimony (what we call a “Domestic Support Obligation”
Every year around tax season our clients ask us how bankruptcy will impact the tax refund they are expecting. Some of the questions posed include: Can I spend my tax refund before filing? Can I use my
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
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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
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
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
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
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
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
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
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