Was your car just repossessed? Do not panic, you have options for getting your back. You can Redeem the loan by paying the loan off in full, Reinstate the loan by catching up all the back payments or file a chapter 13 bankruptcy. In a chapter 13...
Do I have Enough Debt to File Bankruptcy?
Your non-bankruptcy options
I always advise people to avoid filing for bankruptcy, if you can. Anything that gives you immediate or a better long-term outcome is more preferable than bankruptcy. For instance,...
How will my Inheritance be Treated in a Chapter 7 Bankruptcy
Whether your inheritance will be turned over in a Utah Chapter 7 Bankruptcy depends on two things:
- The date you became entitled to the inheritance; and
- Whether the inheritance is exempt
The general rule is an...
What is the Automatic Stay?
This article is about the automatic stay in bankruptcy. This is one of the things that an individual or a company filing bankruptcy really wants, and this is the part of the law that says that on the filing of a bankruptcy petition, all...
How Long After Bankruptcy Can I Buy A House?
If you absolutely had to file for bankruptcy in Utah, it's what you had to do. You discharged your unsecured debts. Great. They're gone and you have a fresh start. So now you want to purchase a house.
After bankruptcy, you are off to a...
Not All Debts Are Dischargeable in a Utah Bankruptcy
Certain debts are non-dischargeable in a Utah Chapter 7 Bankruptcy and Utah Chapter 13 Bankruptcy. Examples of debts that are generally non-dischargeable in a Utah Bankruptcy are student loans, any debt procured by fraud, taxes less than three...
What is Chapter 13 Bankruptcy
Chapter 13 Bankruptcy
Chapter 13 Bankruptcy offers individuals a number of advantages over liquidation under Chapter 7. Chapter 13 can be a good solution for people who need time to pay off certain debts and who have enough income to meet the...
Who can file a chapter 13 bankruptcy?
Chapter 13 provides debt relief to individuals. The debtor must have a regular source of income and his or her debt must be within limits set by law. The individual is eligible for Chapter 13 bankruptcy relief as long as the individual's...
Advantages of a Chapter 13 Bankruptcy
Utah Chapter 13 Bankruptcy offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure. By filing a chapter 13,...
What happens to my property in a Chapter 13 Bankruptcy
In a Utah Chapter 13 bankruptcy proceeding, debts included in the Chapter 13 plan must either be paid completely or the property securing the debt must be surrendered. On-going payments on home mortgages and other long-term secured debts may be...