tag:blogger.com,1999:blog-38468470593233428742024-03-08T13:29:31.026-08:00Gregersen LawAnonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-3846847059323342874.post-14993212291446438772014-10-08T11:07:00.001-07:002014-10-08T11:07:55.971-07:00Bankruptcy is not a four-letter word, while DEBT is.<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Guilt, Fear, and Humiliation: these
negative emotions are perpetuated by the mortgage banks, credit card companies
and pay-day loan companies who stand to lose when one of their customers (or
should we say victims?) files for personal bankruptcy. They are perpetuated by
bank-controlled consumer credit counseling agencies who refuse to mention the
word bankruptcy. This is because bankruptcy is your most powerful weapon in
debt relief. This is also why some people believe they should avoid bankruptcy
at all costs even to the point of using (throwing away) their retirement
accounts to pay part of the DEBT. <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="line-height: 150%; margin-bottom: .0001pt; margin: 0in;">
<b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; line-height: 150%;">Put
the shame where it belongs</span></b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 150%;"> <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt;">Why is Bankruptcy in America becoming a
very common occurrence? Because for many years banks, insurance, credit card,
and pay-day loans companies have engaged in predatory lending practices to
generate fees and bonuses for themselves without regard to whether the debtor
can repay. They extend credit through one-sided contracts without provisions
for real life situations such as job loss or family illness. When their
customers experience these often devastating situations the banks actually make
more money by charging late fees and raising interest rates! When illness
strikes and medical bills pile up they deny claims and cancel insurance
policies. Then when payments are missed they deny loan modifications and start
the foreclosure process. Yet the stigma rests on you? Something is wrong with
that picture.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="line-height: 150%; margin-bottom: .0001pt; margin: 0in;">
<b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; line-height: 150%;">Your
right to a level playing field<o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt;">By leveling the playing field Bankruptcy
protects debtors in these situations. Without the legal remedy of bankruptcy,
people in financial distress would have no real options to get relief from
these companies and insurers. Bankruptcy is written right into the Constitution
(Article I, Section 8, Paragraph 4) and therefore, United States Bankruptcy Laws
has been around for more than 200 years. Bankruptcy is actually good for the
economy. By allowing people to remove unmanageable debt, and to receive a Fresh
Start, they are better able to contribute to their community.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="line-height: 150%; margin-bottom: .0001pt; margin: 0in;">
<b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; line-height: 150%;">You
are not alone<o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt;">There have been prominent people in history
who have filed for bankruptcy, such as former presidents of the United States
Abraham Lincoln, Harry Truman and Thomas Jefferson all filed for bankruptcy.
American icons such as Milton Hershey, Henry Ford, and Mark Twain also filed
for bankruptcy. These highly successful people filed for bankruptcy prior to
their greatest achievements. If the legal right of bankruptcy had not been
available to these great Americans we might not even recognize their names
today. Bankruptcy allowed them to learn from their mistakes and go on to
contribute great ideas, experiences and inventions to our country. Over one
million Americans not only survive but are helped through bankruptcy every year.<o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0in;">
<br /></div>
<div style="line-height: 150%; margin-bottom: .0001pt; margin: 0in;">
<b><span style="font-family: "Calibri","sans-serif"; font-size: 14.0pt; line-height: 150%;">Begin
your journey to a Fresh Start now!<o:p></o:p></span></b></div>
<br />
<div style="margin-bottom: .0001pt; margin: 0in;">
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt;">It is time to end the cycle. The constant
worry, fear and stress are not worth it and can even damage your health. With
the help of a knowledgeable bankruptcy lawyer, you can find a way out. Get on
solid ground and head in a better direction with <b>Salt Lake City Bankruptcy Attorney Mark J. Gregersen</b>. At our firm,
Gregersen Law, we focus on </span><a href="http://www.utah-bankruptcy-attorneys.com/Practice-Areas/Bankruptcy.shtml"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt;">bankruptcy</span></a><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt;"> and debtor relief
services.<o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com1tag:blogger.com,1999:blog-3846847059323342874.post-44714358883413783012014-03-08T16:21:00.000-08:002014-03-08T16:21:23.588-08:00Don't wait any longer! Call us today!<div class="separator" style="clear: both; text-align: center;">
<object width="320" height="266" class="BLOGGER-youtube-video" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" data-thumbnail-src="https://ytimg.googleusercontent.com/vi/ssTX-R_JmOE/0.jpg"><param name="movie" value="https://youtube.googleapis.com/v/ssTX-R_JmOE&source=uds" /><param name="bgcolor" value="#FFFFFF" /><param name="allowFullScreen" value="true" /><embed width="320" height="266" src="https://youtube.googleapis.com/v/ssTX-R_JmOE&source=uds" type="application/x-shockwave-flash" allowfullscreen="true"></embed></object></div>
<br />Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com0tag:blogger.com,1999:blog-3846847059323342874.post-34788386833148003252014-02-20T10:00:00.000-08:002014-02-20T10:00:00.956-08:00Can Filing for Bankruptcy Affect my Tax Refund?Should I file my taxes before I file for bankruptcy? While every situation is different, the most common answer is yes, file your taxes before you file for bankruptcy if you are expecting a refund. <br />
<br />
When filing for bankruptcy, remember that any and all cash is considered part of the bankruptcy estate and is given to the trustee once you file. You will not be able to keep it. Tax refunds received after filing for bankruptcy are considered part of the bankruptcy estate. So, if you anticipate receiving a tax refund, it may be in your best interest to file your taxes and receive your refund before filing for bankruptcy. However, make sure you have a plan in place for where that refund will be going. Because as we mentioned, if you keep it as cash or leave it in the bank, it goes to the trustee once you file. <a href="http://gregersenlaw.blogspot.com/2014/02/the-proper-way-to-go-broke-before.html" target="_blank">Here is a great blog post</a> we wrote on smart ways to spend your tax refund prior to filing for bankruptcy. <br />
<br />
Something important to remember-timing is everything. While you may want to wait until after receiving your tax refund before filing for bankruptcy, don't wait too long to file. Any income earned prior to filing becomes part of the bankruptcy estate, and that includes a pro-rated portion of your next years tax refund. <br />
<br />
Come in and receive a free consultation and we will discuss your situation specifically to ensure you are making the best choices on how to get the most out of your fresh start! Call Today!<br />
<br />
<br />Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com1tag:blogger.com,1999:blog-3846847059323342874.post-32669281623654126432014-02-16T15:26:00.001-08:002014-02-16T15:26:32.504-08:00The Proper Way to Go Broke Before Filing BankruptcyFrom our experience, we have seen many smart ways, and many not so smart ways people use their money prior to filing bankruptcy. Here are a few lessons that people have learned along the way:<br />
<br />
1. Make sure on the day you file there is nothing in your bank account. This doesn't mean withdraw everything you have just prior to filing and stuff it under your mattress. Any and all cash is considered part of the bankruptcy estate as of the day you file, and it all goes to the trustee. You don't get to keep any of it. <br />
<br />
2. You are allowed to plan or "get your ducks in a row" prior to filing bankruptcy. You are also allowed to maximize the exemptions and increase the property you get to keep. That includes converting non-exempt assess (such as cash) into exempt assets (like a washer or dryer). Making smart purchases with your money prior to filing can help you transition out of bankruptcy and help reduce the amount of cash that may become part of the bankruptcy estate.<br />
<br />
3. Don't use your money in a way that can be considered as preferential payments. This includes paying back debts owed to family or friends. Any money that goes back to family or friends (or even a favorite institution) prior to filing bankruptcy could be viewed as an attempt to defraud your other creditors, and could be recalled by the trustee. Show your family your love and appreciation for their patience and caring another way, like by painting their fence or baking them brownies. You can always repay them after the bankruptcy is discharged.<br />
<br />
4. Some exempt assets to consider purchasing prior to filing bankruptcy include:<br />
<div style="text-align: center;">
Most major appliances (NOT televisions)</div>
<div style="text-align: center;">
Beds and bedding</div>
<div style="text-align: center;">
Clothing and shoes</div>
<div style="text-align: center;">
Food - up to a year supply</div>
<div style="text-align: center;">
Back payments on secured assets such as cars or homes (NOT recreational vehicles)</div>
<div style="text-align: center;">
Bringing utility payments current</div>
<div style="text-align: center;">
Necessary and current bills such as rent or cell phone bills</div>
<div style="text-align: center;">
It can also be used for paying the cost of your bankruptcy</div>
<br />
5. Some items we recommend NOT purchasing or spending money on prior to filing bankruptcy include:<br />
<div style="text-align: center;">
Vacations or any travel (this includes a weekend in Wendover)</div>
<div style="text-align: center;">
Jewelry</div>
<div style="text-align: center;">
Televisions</div>
<div style="text-align: center;">
Recreational Vehicles</div>
<div style="text-align: center;">
Paying more than your current rent</div>
<div style="text-align: center;">
Anything that would not be considered exempt. Call us if you have any questions about what is considered exempt.</div>
<br />
6. Plan all payments just prior to filing bankruptcy in such a way that you have not pending transactions on the day you file. If you have a payment that hasn't been processed by the bank and still has not cleared your account, it will be considered part of the estate. It may be wise to make any payments the week before you file by withdrawing the money and making the payment as a cashier's check.<br />
<br />
Still unsure about how best to plan for your bankruptcy? Call us today for a free consultation and we will help you maximize your options.<br />
<br />
<br />Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com0tag:blogger.com,1999:blog-3846847059323342874.post-58514420379818695452013-09-08T16:13:00.000-07:002013-09-08T16:13:33.604-07:00Bankruptcy Reality Check: "Too Broke to File for Bankruptcy"At almost every initial free consultation bankruptcy meeting, with a prospective client, the question arises, “if I’m broke, how am I supposed to pay for the bankruptcy”?<br /><br />Many consumers worry about paying for bankruptcy, thinking they may never be able to afford it. If you are thinking of resolving your debts by filing bankruptcy, time may be on your side. You may be able to stop making payments on some, or maybe even all of your current debt. Freeing up of that income may then be used to pay your bankruptcy fees. In fact, many people pay for bankruptcy by doing just that. Every situation is different, so you need the advice of an experienced Utah bankruptcy attorney to determine which creditors you may stop paying, and when.<br /><br />Borrowing from a credit card or any other institutional lender, is not an option that an attorney can recommend as a solution for paying your bankruptcy fees. Generally, a decision to take money out of retirement accounts (whether IRA or 401k), may not be a wise choice. To file bankruptcy and pay in this manner could be a last resort, realizing that it may have unintended tax or retirement consequences. <br /><br />Getting help from your family members, however, may be appropriate, as long as you are honest about why you need the money. Only you can determine whether your relationship is strong enough, but if you have sympathetic family members or close friends, then this may be a good option for you.<br /><br />The easiest time of year and one of the easiest ways to pay for bankruptcy is with your tax refund. This is especially true if you are accustomed to using your tax refund to catch up on all the bills that have gotten behind over the past year. If you are living in that kind of yearly pattern, you probably need to consider bankruptcy. <br /><br /><div>
Speak with an experienced Utah bankruptcy attorney about your individual financial situation. You may find that you can use your tax refund or other potential options along with the advice of an experienced bankruptcy attorney to get a fresh start.</div>
Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com0tag:blogger.com,1999:blog-3846847059323342874.post-91032747583720534872013-08-26T11:00:00.000-07:002013-08-26T11:00:29.408-07:00What is a Chapter 13 Bankruptcy?<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
A Chapter 13
bankruptcy is filed by individuals who are either capable of paying back a
portion of his or her debt or need to file it to protect assets that cannot be
protected in a Chapter 7. It can also be
filed when a debtor is behind on mortgage payments and is about to lose their home. </div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
Chapter 13
Bankruptcy is a “reorganization” bankruptcy.
It is basically a court-supervised debt repayment plan. Chapter 13 Bankruptcy allows you to
restructure your debts into a payment plan that you can afford. Also, in a Chapter 13 Bankruptcy, there is no
mandatory liquidation of your assets, which means you usually keep all of your
property.</div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<br />
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
First your Petition
is filed, most actions by your creditors are blocked or suspended by the
“Automatic Stay.” The Automatic Stay
prohibits your creditors from collecting on most types of debts. While in a Chapter 13, the debtor is
protected by the Bankruptcy Court from collection actions. The law prohibits
creditors from taking actions to collect debt without the Court’s permission.
This include repossessing cars and foreclosing on real estate. For this reason,
a Chapter 13 is an attractive option that can help save your assets. </div>
Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com1tag:blogger.com,1999:blog-3846847059323342874.post-48340847240444350472013-08-19T08:56:00.000-07:002013-08-19T08:56:04.116-07:00Utah Bankruptcy Do's and Dont's<span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;"><b>Bankruptcy Do's:</b></span><br style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;" /><br />
<ul>
<li><span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;">Do be open and honest with your attorney — We handle all personal information matters with confidentiality and privacy. Be sure to tell us everything so we can file your bankruptcy petition accurately.</span></li>
<li><span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;">Do continue making payments on property you wish to keep — If you are in default, your creditors can repossess the vehicle or begin foreclosure on your home. We can help even up </span><span class="text_exposed_show" style="background-color: white; color: #333333; display: inline; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;">to the last moment, but it is best to avoid it altogether.</span></li>
<li><span style="background-color: white; color: #333333; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;">Do consider adjusting your tax withholding status — The goal is to get close to no refund. If you get a refund, it is considered an asset in Chapter 7 or could affect your Chapter 13 plan.</span></li>
</ul>
<span class="text_exposed_show" style="background-color: white; color: #333333; display: inline; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 13px; line-height: 18px;"><br /><b>Bankruptcy Don'ts:</b><br /><br /><ul>
<li>Don't use your credit cards — Once you decide to file bankruptcy, do not incur additional debt that you cannot pay. In some cases, that debt may not be discharged. You should not use your credit cards within 90 days of filing.</li>
<li>Don't hide your property — Even though you may fear losing your property, transferring it to another person may be seen as fraudulent.</li>
<li>Don't pay off personal loans — If you owe money to family members, now is not the time to repay them. Let the bankruptcy court determine the priority of your creditors and handle it through the proper channels.</li>
<li>Don't spend your retirement money — You have worked hard and do not want to lose the nest egg you have saved for retirement. By taking an early withdrawal from those accounts, however, you face penalties and taxes. It is not worth it. In fact, retirement accounts are often exempt in bankruptcy.</li>
</ul>
<br /><b>Learn About Your Options Today During A Free Consultation! Call us at 801-478-6823 or 801-614-8066.</b></span>Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com0tag:blogger.com,1999:blog-3846847059323342874.post-49867177045209572202013-08-05T09:49:00.001-07:002013-08-05T09:49:46.307-07:00Utah Bankruptcy Exemptions<div style="color: #222222; font-family: Helvetica; font-size: 11.5pt; line-height: 15pt; margin-bottom: 15pt; margin-left: 0pt; margin-right: 0pt; margin-top: 0pt;">
<div style="color: #666666; font-size: 9pt; line-height: 15pt; margin: 0pt 0pt 11pt;">
When you
file Chapter 7 bankruptcy, the bankruptcy code states that certain assets that
belong to the debtor become part of the bankruptcy estate. A trustee is
appointed to sell these assets and that the proceeds are to be distributed to
the creditors as a partial compensation for their loss. However, bankruptcy
code allows certain Federal or State exemptions so that individuals who file
bankruptcy are usually able to keep most or all of their property.</div>
<br />
<div style="color: #666666; font-size: 9pt; line-height: 15pt; margin: 0pt 0pt 11pt;">
Utah
allows individuals to exempt all or part of various forms of property including
equity in a home and car, insurance benefits, pension benefits, and household
personal property. Utah Exemption statutes were last updated in May of 2013,
and provide specific detail and dollar amounts for each available exemption.</div>
</div>
Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com0tag:blogger.com,1999:blog-3846847059323342874.post-11702310609244579192013-06-27T14:45:00.004-07:002013-06-27T14:58:20.868-07:00Myth #3 Filing bankruptcy will hurt your credit for 10 years.<span class="subsubhead">Myth #3: Filing bankruptcy will hurt your credit for 10
years.</span><br />
<br />
<br />
Myth, not true. <span style="font-family: Calibri; font-size: 11pt;"><a href="http://www.utah-bankruptcy-attorneys.com/" target="_blank">Bankruptcy</a> may appear on your credit report for 10 years, however it does not
effect your credit for that length of time.</span><span style="font-family: Calibri; font-size: 11pt;">
</span><span style="font-family: Calibri; font-size: 11pt;">There is a common misconception that bankruptcy permanently ruins your
credit and there is no coming back after filing.</span><span style="font-family: Calibri; font-size: 11pt;"> </span><span style="font-family: Calibri; font-size: 11pt;"><a href="http://www.utah-bankruptcy-attorneys.com/" target="_blank">Bankruptcy</a> helps people resolve financial
problems. Many clients are able to obtain secured credit and begin to rebuild
their credit within months of their<a href="http://www.utah-bankruptcy-attorneys.com/" target="_blank"> debt </a>being <a href="http://www.utah-bankruptcy-attorneys.com/" target="_blank">discharge</a>. It is possible to see
a huge improvement in your credit score in as little as two years. As long as
you regularly pay your bills, then you will see your score improve.</span><br />
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
If you have
financial problems it is best to deal with them, and not ignore them until your
wages begin to be <a href="http://www.utah-bankruptcy-attorneys.com/" target="_blank">garnished</a> or you are served. Bankruptcy may be one way to do
that. Seek advice from a qualified <a href="http://www.utah-bankruptcy-attorneys.com/" target="_blank">lawyer</a> to find out about your options.</div>
Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com0tag:blogger.com,1999:blog-3846847059323342874.post-1658258127298724042013-06-04T11:09:00.001-07:002013-06-04T13:20:23.543-07:00Myth #2 If you have been SUED by a creditor it is TOO LATE to file for bankruptcy.<br />
<div style="font-family: Calibri; font-size: 11pt; margin: 0in;">
Myth #2: If you have
been SUED by a creditor it is TOO LATE to file for bankruptcy.</div>
<br />
<div style="font-family: Calibri; font-size: 11pt; margin: 0in;">
Truth: Bankruptcy
can stop a <a href="http://www.utah-bankruptcy-attorneys.com/Practice-Areas/Stop-Garnishments-Liens.shtml">wage garnishment</a>,<a href="http://www.utah-bankruptcy-attorneys.com/Practice-Areas/Stop-Foreclosure-Repossession.shtml"> foreclosure</a>, sheriff sale and/or lawsuit through
the Automatic Stay under section 362 of the Bankruptcy Code .<span style="mso-spacerun: yes;"> </span>This Section of the <a href="http://www.utah-bankruptcy-attorneys.com/">Bankruptcy</a> Code states
all creditors of a debtor to cease collection activities. There is little
exception to this section of law.<span style="mso-spacerun: yes;"> </span>In
most cases it stops a lawsuit or judgment collection in its tracks.</div>
Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com0tag:blogger.com,1999:blog-3846847059323342874.post-56501651997557589112013-04-29T11:01:00.002-07:002013-04-29T11:01:32.092-07:00Myths<br />
<div style="font-family: Georgia; font-size: 10pt; margin: 11pt 0pt;">
<span style="background: white;">Bankruptcy
is a form of debt relief which helps debtors through the legal process to
wipe out their debts through <a href="http://www.utah-bankruptcy-attorneys.com/">Chapter 7 Bankruptcy</a> or consolidate and repay them through <a href="http://www.utah-bankruptcy-attorneys.com/">Chapter 13 Bankruptcy</a>. Here you can find out what is actual myths vs. what are actual facts:</span></div>
<div style="margin: 11pt 0pt;">
</div>
<div style="font-family: Georgia; font-size: 10pt; margin: 11pt 0pt;">
<span style="background: white; font-weight: bold;">Myth #1: Debtors will lose everything they have by
filing for bankruptcy</span></div>
<div style="margin: 11pt 0pt;">
<span style="font-family: Calibri; font-size: 15px;">This is a </span><span style="font-family: Calibri; font-size: 15px; font-weight: bold;">MYTH</span><span style="font-family: Calibri; font-size: 15px;">. While it may seem that when your file for bankruptcy you may lose everything such as your home, car, personal belongings, and retirement this can most certainly be a large concern for those who are dealing with mounting debt.</span><span style="font-family: Calibri; font-size: 15px;"> </span><span style="font-family: Calibri; font-size: 15px;">You may not know this but, a vast majority of bankruptcy filers don’t lose anything! Moreover, there are types of bankruptcy which can protect your possessions. For instance, you can file <a href="http://www.utah-bankruptcy-attorneys.com/">Chapter 13 bankruptcy</a> to help save your house from foreclosure while</span><span style="font-family: Calibri; font-size: 15px;"> </span><span style="font-family: Calibri; font-size: 15px;">you catch up on back payments.</span><span style="font-family: Calibri; font-size: 15px;"> </span><span style="font-family: Calibri; font-size: 15px;">In a<a href="http://www.utah-bankruptcy-attorneys.com/"> Chapter 7 Bankruptcy</a> you are able keep your house and cars by reaffirming</span><span style="font-family: Calibri; font-size: 15px;"> </span><span style="font-family: Calibri; font-size: 15px;">the debt.</span><span style="font-family: Calibri; font-size: 15px;"> </span><span style="font-family: Calibri; font-size: 15px;">A reaffirmation is when a new contract is signed between you and your lender that reaffirms the debt and personal liability you have for the obligation.</span><span style="font-family: Calibri; font-size: 15px;"> </span><span style="font-family: Calibri; font-size: 15px;">Thus, you being able to keep your possession.</span></div>
<div style="font-family: Georgia; font-size: 10pt; margin: 11pt 0pt;">
<span style="background-color: white; font-size: 10pt; font-weight: bold;">One myth debunked more to come.......</span></div>
<br />
<br />
<div style="font-family: Calibri; font-size: 11.0pt; margin: 0in;">
<br /></div>
Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com0tag:blogger.com,1999:blog-3846847059323342874.post-47459076777463600502013-03-09T20:51:00.001-08:002013-03-09T20:51:55.768-08:00Filing Chapter 7, and Tax Returns<br />
<div style="margin-bottom: 11.0pt; margin-left: 0in; margin-right: 0in; margin-top: 11.0pt;">
<span style="background-color: white; background-position: initial initial; background-repeat: initial initial; font-family: Georgia, serif; font-size: 10pt;">Did you know that it’s best to wait to file <a href="http://www.utah-bankruptcy-attorneys.com/">Chapter 7 bankruptcy</a> until
you file your taxes? We tell our
clients to file your tax refund, and spend it on necessary expenses. Why
is this a good idea? Depending upon when
you file, the bankruptcy trustee is going to take some or all of your tax
refund to pay your creditors. Spending your tax return before filing Chapter
7 bankruptcy is recommended, However remember that you need to be cautious as
to where your tax refund is spent. So where do you spend your tax
refund? Your tax refund should be spent on necessary expenses prior to filing.
Necessary items may include groceries, utility bills, mortgage or rent, and <a href="http://www.utah-bankruptcy-attorneys.com/">bankruptcy attorneys’ fees</a>. Stay tuned more to come….<o:p></o:p></span></div>
Anonymoushttp://www.blogger.com/profile/16417623507254334192noreply@blogger.com0