Bankruptcy Chapter 11 Chapter 11 bankruptcy is designed to allow struggling businesses to restructure their finances and maximize the return to their creditors and owners. Businesses turn to Chapter 11 bankruptcy when pinched financially, often due to a temporary downturn. It can help a viable business keep the doors open long enough to regroup and… Continue reading Bankruptcy Chapter 11
Bankruptcy V.S. Doing Nothing If you’re struggling with debt, filing for bankruptcy can be a good way to get your finances back on track. But not everyone needs to start a bankruptcy case right away. Whether you should file for bankruptcy or do nothing will depend on whether you’re vulnerable to creditors. In some cases,… Continue reading Bankruptcy V.S. Doing Nothing
Bankruptcy Attorneys Utah Reasons Hiring Bankruptcy Attorneys Can Actually Be A Good Thing They Know Which Chapter Is Better for You There are two different types of bankruptcies, which are referred to as Chapter 7 and Chapter 13. There are benefits and drawbacks to each type, and without the council of a bankruptcy lawyer, you… Continue reading Bankruptcy Attorneys Utah
Automobile Repossessions- How To Get Your Car Back Typically, when you purchase a new vehicle you take out a loan to pay for part or all of it. At that time, you signed an agreement with the lender to get a loan which holds you legally accountable for making monthly payments on the vehicle. If… Continue reading Automobile Repossessions- How To Get Your Car Back
Bankruptcy Attorney Salt Lake City UT If your debts have become unmanageable and you feel there is no other way out, you may be wondering if bankruptcy is your next logical step. While it’s true that nobody wants to leave their financial fate in the hands of the courts, there are times when bankruptcy may… Continue reading Bankruptcy Attorney Salt Lake City UT
Bankruptcy And The Personal Guarantee A personal guarantee is a contract wherein an individual agrees to pay a business debt. A business owner will often sign a personal guarantee if a company needs to make a purchase on credit for things such as real estate, inventory, supplies, or services. By signing the agreement, the owner… Continue reading Bankruptcy And The Personal Guarantee
Are There Financial Benefits To Adoption? The two major financial benefits available to adoptive parents are federal tax credits and adoption subsidies. A federal tax credit is a reduction of your federal income tax in the year in which you adopt a child. The conditions for claiming this credit are complicated depending on many factors… Continue reading Are There Financial Benefits To Adoption?
Utah Bankruptcy Bankruptcy is a legal process through which you are declared unable to pay your debts when they fall due. You may file for bankruptcy (voluntary bankruptcy), or alternatively, creditors can apply to have you declared bankrupt. If you are declared bankrupt by either of the above means, you will be removed from managing… Continue reading Utah Bankruptcy
Pre-Negotations Of Real Estate Loans A pre-negotiation letter establishes the framework for the parties to discuss either a loan modification, loan workout, or some other option. It is commonly entered into if the borrower requests a loan workout or forbearance following one or more default notices but before the start of formal enforcement proceedings. This… Continue reading Pre-Negotations Of Real Estate Loans
Bankruptcy Utah If your debts have become unmanageable or you’re facing foreclosure on your home, you might be thinking about declaring bankruptcy. While bankruptcy may be the only way out for some people, it also has serious consequences that are worth considering before you make any decisions. For example, bankruptcy will remain on your credit… Continue reading Bankruptcy Utah
