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...
Direct Payments Made by Creditors for Secured Claims
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...
What Actions Must a Debt Collector Avoid
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...
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...
What is the automatic stay?
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...