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:

  1. The date you became entitled to the inheritance; and
  2. Whether the inheritance is exempt

The general rule is an...

Will I Lose My Home If I File For Bankruptcy?

Will I Lose My Home If I File For Bankruptcy?

Whеn gіvеn a сhоісе, mаnу debtors рrеfеr fіlіng Chарtеr 7 bаnkruрtсу bесаuѕе it dіѕсhаrgеѕ thе mоѕt debt. Hоwеvеr, a dеbtоr must ԛuаlіfу...

What is a Preferential Transfer in Bankruptcy

One of the principal tenants of bankruptcy is that the process should be fair to creditors. This means that creditors should share equally based on claim status in the debtor’s available assets. If the bankruptcy estate has only enough assets...