Utah Bankruptcy Inc Information

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Worried About Losing Your Assets During A Bankruptcy

Jan 19 2016, - by Michelle Howard

Quite often people who are considering bankruptcy are worried that they will lose everything if they file. The answer is “no” you will not lose all of your belongings if you file a bankruptcy. Whether you file a Chapter 13 or Chapter 7 bankruptcy you are still allowed to keep most to all of your regular household items. There is no problem with keeping your typical household items such as: ..

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Filing A Bankruptcy With Medical Debt

Jan 14 2016, - by Michelle Howard

Will My Medical Debt Affect My Bankruptcy? Anyone who has experienced a serious medical problem knows that the medical charges can be insurmountable. This is especially the case for families that are barely meeting their current monthly expenses. It’s nearly impossible for such a family to be able to manage thousands of dollars in medical debt. This is one of the most common reasons for a person to consider bankruptcy. Those medical debts left unpaid ....  ..

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Loan Modifications and Bankruptcy

Dec 04 2015, - by Michelle Howard

A loan modification is when you and your mortgage company agree change the terms of your mortgage loan. It could entail any of the following changes: a reduction of interest, reduction of principal, or putting the arrears on the back end of the loan.  ..

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When Can I File Another Bankruptcy?

Sep 25 2015, - by Michelle Howard

How to determine if you can file another bankruptcy after previously having filed a chapter 7 or 13 ..

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WHAT A BUSINESS NEEDS TO KNOW BEFORE THEY FILE FOR BANKRUPTCY

Sep 08 2015, - by Michelle Howard

If you own a small business then you understand that the flow of business can be volatile. You can face long periods with reduced or nearly no profits. A lot of small businesses cannot manage the monthly business debt during these low profit periods. Maybe the business can maintain as normal through one or two hard times but too many hits can make it unmanageable for the business to keep up with all the payments to credit cards, signature loans, etc. ..

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Do I need to have a Certain Amount of Debt in Order to File a Bankruptcy?

Aug 25 2015, - by Michelle Howard

No. There is no minimum amount of debt required for an individual to file a bankruptcy. The ability to pay back debt is completely relative. I may have a client whose debt only totals $4,000, but yet he has no source of income. I may also have a client whose debt totals $100,000. Yet the amount of time it may take each client to pay back their debt could be the same. The actual amount of debt is not the deciding factor as to whether you should consider bankruptcy. ..

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Filing Bankruptcy During a Foreclosure

Jul 30 2015, - by Michelle Howard

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Filing for Bankruptcy and Credit Card Debt

Jul 13 2015, - by Michelle Howard

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Preparing for Bankruptcy

Jul 08 2015, - by Michelle Howard

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