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Increases to Utah Bankruptcy Exemptions

Keep More Property in Bankruptcy The Utah legislature amended the Utah bankruptcy exemptions in 2013. Bankruptcy exemptions are the laws that protect property from liquidation in bankruptcy. Since Utah has opted out of the federal bankruptcy exemptions, the Utah amendments means that bankruptcy filers can now keep more property when filing in Utah. The new [...]

Can I File Bankruptcy Without My Spouse?

Frequently clients need to file for bankruptcy, but want to do so without his or her spouse being affected. That raises the questions: Can a married person file bankruptcy alone? How is the non-filing spouse impacted when their spouse files bankruptcy alone? A person in a marriage can file bankruptcy without the spouse. While there [...]

Does Filing for Bankruptcy in Salt Lake mean You’re Dishonest or Unethical?

One of the most common concerns or misconceptions that clients express in one form or another is an insecurity that if they file bankruptcy that makes them somehow unethical or dishonest. While there may be a small minority of people who intentionally abuse the bankruptcy system, it is my overwhelming experience that people filing bankruptcy [...]

Weekes Law Opens Office in American Fork

Located in the heart of Utah County, the bankruptcy law firm of Weekes Law has opened an office in American Fork, Utah. The opening extends Weekes Law’s physical presence into Utah County. Weekes Law has long served Utah County residents with chapter 7 and chapter 13 online bankruptcy services. Now Utah County residents can chose [...]

What is Chapter 13 “Cram-down”?

Chapter 13 bankruptcy in Utah County is a consolidation of debt and a partial repayment over a period of three to five years, based on the debtor’s ability to pay. Sections 1322 and 506 of the bankruptcy code permits bankruptcy courts to reduce the balance or “cram-down” unsecured debt. This essentially converts property that is [...]

What Are The Different Chapters of Bankruptcy?

There are four primary chapters in bankruptcy–chapter 7, chapter 11, chapter 12, and chapter 13. Each chapter is designed to satisfy different needs and has different qualifications. This article will provide a basic overview of each chapter of bankruptcy. More emphasis will be given to chapter 7 and chapter 13 bankruptcies as these are the [...]

Will I Lose All My Property If I File Bankruptcy?

Naturally, one of the most frequently posed questions by our prospective Salt Lake bankruptcy clients is whether they will lose all of their property if they file for bankruptcy. The simple answer is a resounding NO! It is possible, however that you are required to surrender SOME of your property. In practice very few of [...]

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 the process is and what to expect. When Will I Go To Court? You won’t, unless something really unusual happens in your case. Most Utah chapter 7 bankruptcies never have any hearings or appearances with the Utah bankruptcy [...]

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. With a slow economy many [...]

Dealing with Mortgage or Home Foreclosure

I have just received noticed that my lender is beginning foreclosure of my home. What should I do? What are my options? In the current economic downturn and foreclosure crises, the preceding scenario is all too common. Realize that if you find yourself in this situation you are in good company. In the month of [...]