Bankruptcy Lawyers UT Bankruptcy provides a solution by giving people saddled with substantial debt the opportunity to get out from under it while treating creditors in a fair manner. Once complete, a debtor (the person filing for bankruptcy) will often describe the relief that comes with a clean financial plate as a “fresh start.” They… Continue reading Bankruptcy Lawyers UT
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 your own… Continue reading Bankruptcy
Bankruptcy Chapter 13 Bankruptcy is a federal court process designed to eliminate debts or repay them under the protection of the bankruptcy court. For individuals, most people file either Chapter 7 or Chapter 13, because a court order can call an automatic stay, prohibiting most creditors from hounding you in order to collect what you… Continue reading Bankruptcy Chapter 13
Bankruptcy Case: Dismissed Without Prejudice A bankruptcy dismissal happens when something goes wrong and the bankruptcy court rejects your case. There are many reasons this can happen and many consequences. The word “dismiss” shouldn’t be confused with discharge, which is when certain debts are eliminated. Instead, dismissal means that the bankruptcy case has been thrown… Continue reading Bankruptcy Case: Dismissed Without Prejudice
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
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
Estate Formation Salt Lake City Utah Estate planning is an important aspect of life in any city, and Salt Lake City is no exception. It is the process of organizing and arranging the financial and legal aspects of an individual’s estate. This includes the distribution of assets, the payment of taxes, and the management of… Continue reading Estate Formation Salt Lake City Utah
