The decision to file a Chapter 13 case may be an easier one if you know that you can always change it into a Chapter 7 one if needed.
Being able to convert to a Chapter 13 case can be extremely helpful if the unexpected happens shortly after filing your Chapter 7 case. Here’s the sentence that we’re explaining today: If you file a Chapter 7 ‘straight bankruptcy” case you can “convert” it into a Chapter 13 “adjustment of …
Making Sense of Bankruptcy: Debts That Are Not Discharged (Written off) in a Utah Chapter 7 Bankruptcy
Start by assuming that debts are written off in bankruptcy, while knowing that there are some important exceptions that may apply to you.
Making Sense of Bankruptcy: How Secured Debts in Utah are Treated in a Chapter 7 “Straight Bankruptcy”
Bankruptcy pays a lot of attention to and can help you deal with your secured debts in many favorable ways.
Bankruptcy is about debts, and about how your different kinds of debts are handled under either Chapter 7 or Chapter 13.
Be careful about trying to be nice and paying back relatives and friends in order to keep them out of your bankruptcy case.
Making Sense of Utah Bankruptcy: Losing the Crucial “Automatic Stay” through Multiple Bankruptcy Filings
A law designed to stop the “serial filing” of bankruptcy cases could take away from you one of your most important weapons against creditors.
To discourage disposing of assets before bankruptcy, a trustee can potentially undo a prior transaction in order to benefit all creditors.