Taking on additional debt prior to filing for bankruptcy usually isn’t advisable. Doing so can lead to issues obtaining a discharge or, in some cases, allegations of fraud. However, a vehicle purchase doesn’t pose a problem with every bankruptcy claim. If you need to buy a car, certain factors – including how you plan to […]
Filing for Chapter 7 bankruptcy can provide you with debt relief. But Chapter 13 bankruptcy can achieve the same goal – and neither approach is right for everyone. For some people, deciding whether to file for Chapter 7 versus 13 is a matter of eligibility. For others, personal circumstances dictate which type of filing is […]
Filing for bankruptcy might be your best option, a way to wipe the slate clean and get a fresh financial start. But, while taking the legal step can be quite helpful, it also has a significant impact on your credit. Bankruptcy will stay on your credit report for seven to ten years, depending upon how […]
If you’re thinking about filing for bankruptcy, you’re likely hoping to eliminate all of your debts – and that might happen. But different types of financial obligations are treated differently in bankruptcy, and certain debts may remain after your case ends. The outcome for each of your debts depends upon whether they are secured or […]
If you’re planning to file for bankruptcy, yet divorce is also in your future, deciding which comes first requires careful consideration. Filing for bankruptcy before filing for divorce can be beneficial for several reasons. However, in certain situations, getting divorced first can be the smartest approach. When Filing for Bankruptcy First Makes Sense If you’ve […]
In certain circumstances, talking to a bankruptcy lawyer as soon as possible may be in your best interests. If you’ve already been thinking about filing for bankruptcy, you’re probably not in the strongest financial position. So, if life deals you another bad hand, you may not have the means to meet the challenge. Below are […]
When you file for bankruptcy and eliminate your debts, you get a fresh financial start. But what if you get into serious money troubles down the road? Is a second bankruptcy possible? The good news is that, yes, you can file for Utah bankruptcy a second time. In fact, the law does not limit the […]
When you file for Chapter 7 or Chapter 13 bankruptcy, it activates an automatic stay. This is an injunction that immediately stops most creditors from taking action to collect debts. This protection is a huge help for debtors, and it can be reason enough to file for bankruptcy. The Utah bankruptcy automatic stay does not […]
If you’re married and you live in Utah, you can file for bankruptcy alone. State law does not require you to file a joint petition with your spouse, so the choice is yours. However, the decision on whether to file for bankruptcy individually or together is not one you should take lightly. You need to […]
Technically speaking, hiring a bankruptcy lawyer is not essential – you can legally file for bankruptcy on your own, without assistance from an attorney. However, just because you can do something doesn’t mean you should. While handling the claim yourself and skipping the attorney fees might seem like a good idea, going that route could […]