by freelesson | Jan 12, 2018 | Bankruptcy, Inheritance
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 inheritances received within 180 days of your Chapter 7...
by freelesson | Jul 29, 2017 | Creditors
Upon confirmation of a Chapter 13 plan, any secured debt in which a debtor is making direct payments the following will occur: The automatic stay under 11 USC 362 and 11 USC 1301 is terminated as to the collateral of the secured debt. The claim will not be discharged....
by freelesson | Jul 1, 2017 | Creditors
Even if you owe the money, there are some actions that a debt collector cannot take pursuant to the Fair Debt Collect Practices Act. A debt collector may only contact you between the hours of 8:00 am and 9:00 pm. The debt collector may not contact you at work also. A...
by freelesson | Jan 3, 2017 | Bankruptcy, Preferential Transfer
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 to pay creditors five...
by freelesson | Jan 2, 2017 | Automatic Stay, Bankruptcy
Upon the filing of your Chapter 7 or 13 Bankruptcy, an automatic stay goes into place which means that most creditors are prohibited from taking any action to collect a debt that you owe. If a creditor tries to collect a debt in violation of the automatic stay then...
