Many people have the wrong idea about bankruptcy, thinking that filing for Chapter 7 is something to avoid at all costs. In their eyes, it’s an admission of failure – but in reality, declaring bankruptcy can set the stage for a better financial future and an improved quality of life. If you’re facing a mountain […]
If you’re like many people who file for Chapter 7 bankruptcy, you may not have much in the way of non-exempt assets. In Utah, as in other states, the law allows you to protect your home, your vehicle and some other types of property up to a certain value. As a result, you shouldn’t have […]
You likely have absolutely no intention of committing bankruptcy fraud – you simply want to get a fresh financial start. However, if you do not follow the filing guidelines to the letter, or accidentally miss important information bad things can happen. If the bankruptcy trustee suspects you intentionally tried to deceive the court, you could […]
If you are struggling under a mountain of debt, now may be the best time to file for bankruptcy. With the holidays fast approaching, you likely feel stressed about your financial situation. But, you may also feel that moving forward with bankruptcy at this time would put a damper on the festivities. The truth is, […]
Before the Bankruptcy Abuse Prevention and Consumer Protection Act went into effect in 2005, the decision on whether a debtor was eligible for Chapter 7 bankruptcy was largely left to up to a judge. Under the current bankruptcy law, debtors must meet specific criteria in order to qualify. The stricter rules can make it more […]
Bankruptcy laws can be confusing. Unfortunately, too many people turn to the internet for answers to their questions about filing a Chapter 7 or Chapter 13 bankruptcy. The problem? Not all the information found online is correct. Numerous false facts about bankruptcy are floating around, and you don’t want to base any decisions involving your […]
Filing for bankruptcy can provide you with debt relief, but can it stop an eviction? If the eviction is based upon your failure to pay rent, the answer is yes. However, if you don’t file quickly enough, your landlord can still evict you. And, bankruptcy is only a temporary solution – filing won’t allow you […]
If you’re planning on filing for bankruptcy, an experienced attorney can help you eliminate more debt and protect more property. And with a bankruptcy lawyer working on your behalf, your case will proceed smoothly. But, to get the fresh financial start you deserve, you may need to take care of a few matters first. Here’s […]
Most people who file for Chapter 13 bankruptcy hire an attorney, as navigating the process alone can be a daunting challenge. However, before you get the ball rolling, you may want to know what you can expect during this process. Here, the Salt Lake City bankruptcy lawyers at Davis & Jones P.C. explain the steps […]
You may want to pay back a loan from your family before filing for bankruptcy, but doing so may not be in your best interests. Many debtors have certain debts that they would like to pay off prior to filing, but bankruptcy law is designed to treat all creditors fairly. If you give your family […]