What Should I expect in My Chapter 7 Bankruptcy?
So you’ve decided that you need to file a Utah chapter 7 bankruptcy and you’re wondering: What Should I Expect in my Chapter 7 Bankruptcy? Here’s an overview to answer that question. When Will I Go To Court? You won’t, unless something really unusual happens in your case. Most Utah chapter 7 bankruptcies never have […]
Divorce and Bankruptcy: Surprising Results
Separation Agreements that are incorporated into a divorce decree (and decrees of divorce themselves) pose difficult and sometimes unexpected results in bankruptcy. Many of the general rules of bankruptcy can be dramatically altered with a separation agreement or divorce decree. This article discusses a few of the problems that divorces and divorce decrees pose in […]
Stop the Student Loan Debt Bomb with A Bankruptcy Amendment
All Americans have felt the worst economic downturn in American history, since the Great Depression. The affects and repercussions are still being diagnosed, assessed and measured. The damage induced by the Wall Street housing bubble is far more widespread than a weak housing market, negative equity, or high unemployment rates.
Can I Discharge Federal or State Taxes in Bankruptcy?
“I heard that I can discharge my tax debt, is that true?” The preceding question is one that is frequently posed in our Utah bankruptcy practice. Federal and State income taxes may be eligible for discharge under Chapter 7 or Chapter 13 of the bankruptcy code under certain circumstances. Chapter 7 bankruptcy provides for a […]
Loan Modification or Chapter 13 Cram-down?
In 2009 Congress enacted the Helping Families Save Their Homes Act of 2009, which among other things requires federally insured lenders to engage in loss mitigation actions for the purpose of providing an alternative to foreclosure, including forbearance, loan modification, and deeds in lieu of foreclosure. Perhaps the most popular among these initiatives is loan […]
Stop The Decline of Home-Ownership: A Bankruptcy Amendment Needed
Since 2008 the U.S. real estate market has dogged our economic stability. The so-called Great Recession was largely caused by failed exotic mortgages fueled by mortgage-backed securities that created a false value of real estate. Years later, Americans continue to struggle with the resultant negative equity in their homes. Due to foreclosures of many of […]
Adopt the Principal Paydown Plan
Since 2008 the U.S. real estate market has dogged our economic stability. The recession was largely caused by exotic mortgages enabled by mortgage-backed securities creating a false value of real estate. Three years later, Americans continue to struggle with the resultant negative equity in their homes. It is generally understood by experts and laymen that […]
