I am single home owner. I am facing foreclosure and received a Notice of Intent to Sell. My house is for sale. I want to sell and recover as much equity as possible, to use to put down on another house and fund business, before I lose my home.
You should meet with a bankruptcy lawyer. Most bankruptcy lawyers will give you a free initial consultation. You can face some financial consequences with either option. The attorney can help you understand the pros and cons of either filing first or selling first. My office is in South Jordan.See question
HI am a 24 year old single woman who about 3 and a half years ago stopped paying my credit card bills because I wanted to serve an lds mission. I wasn't sure what to do with my debt When I got back and haven't taken any action towards handling it....
Your best option is to talk with a bankruptcy lawyer.See question
how do i file for bankruptcy in utah? what do i do first?
If you have friends who have filed for bankruptcy, ask if they thought their lawyers did a good job. If so, reach out to those lawyers. Most bankruptcy lawyers offer free initial consultations. And just like it would be wise to get two or three medical doctors' opinions, you may want to have a free initial consultation with a few lawyers and go with the one that you think will do the better job for you. Don't just go with the less expensive lawyer, but choose one with good experience. The price different is not going to vary much between bankruptcy lawyers, so go with the one you think will represent you the best.See question
Its my only means to get back and forth to work.
You should take the time to meet with a lawyer soon. Once a creditor obtains a judgment, the creditor can attempt to garnish paychecks, levy bank accounts, and lien vehicles and homes. You probably should call a bankruptcy lawyer and schedule a consultation. Most lawyers, like at my office, offer free initial consultations. Take the time to find out your rights and risks.See question
Don't want to loose home. 15% equity in home and protected up to 30% with Utah laws. Home is not investment property, just couldn't afford home so instead of foreclosing I rented it. Probably file Chapter 7, unless advised differently, because ...
You should talk with a bankruptcy attorney regarding your case. Most Utah bankruptcy lawyers, like at my office, offer free consultation. The issue isn't the percentage of equity in your house, it's the actual dollar amount allowable under the Utah homestead exemption. A single person can claim $30K as a homestead exemption ($60K for a married couple) if actually occupying the house. You will actually need to live there because you want to be honest with the court (and there are serious consequences if one is not forthright with the court). Also, there are advantages to a Chapter 13 based on the limited facts you provided. So call a lawyer for a consultation.See question
What can I do I was being garnished before and I cant have this released? Thank you
You should call a bankruptcy lawyer who can review the Order. You will likely need to re-file your case. If you are anticipating a large tax refund in 2014, that refund is likely at risk if you file a Chapter 7. A bankruptcy lawyer can help you weigh the consequences of getting garnished again versus what your tax refund will be.See question
Are collection agencys that bought debts entitled to be paid if they file a proof of claim and how do I know who filed my attorney has not showed me these things but the plan was confimed
Collection agencies who buy up debts may file a proof of claim. You can ask your attorney to show you the creditors who filed a proof of claim.See question
I am saving for bankruptcy at the moment and so far my collectors are not aware of where I work, but I'm fearful my Ex may have divulged that information recently as I have one calling me at work now. How can I buy my self some time because I p...
Some bankruptcy lawyers, like at my office, will allow clients to put a small deposit down to retain the lawyers for assistance. This assistance at times includes contacting creditors and inform them that the clients are preparing to file bankruptcy.See question
This is for a payday loan that I defaulted on in 2010. The summons doesn't include a case #.
You probably should meet with a lawyer and have the lawyer review the paperwork. A bankruptcy attorney will likely review the paperwork for free since people getting served often file bankruptcy in order to avoid getting their wages garnished.See question
If it's more than just income level, what else determines this decision?
You don't have to file a Chapter 7 bankruptcy if your income is below the median household income. Some people prefer filing a Chapter 7 so that they can discharge unsecured debt. Bankruptcy law offices run a means test. There are other considerations, including how much or little equity is in your primary residence, if you have a car loan, whether you have IRS debt, how much student loans you may have, etc. It's best to meet with a lawyer and get a free initial consultation.See question