For the best results, your preparation for Provo bankruptcy needs to start even before your free consultation.

Debtors in trouble often struggle for years to keep up with mounting debt.  Once the debt becomes too overwhelming, many debtors turn to Provo bankruptcy for immediate relief.  Chapter 7 Provo bankruptcy does bring debtors fast relief from debt, but our clients enjoy greater success when they plan and prepare their bankruptcy in advance.

If you are in trouble with rising debts, start following these simple guidelines today, come in for a free consultation, and plan a better Provo bankruptcy.

• Credit Cards: Be careful how you use your credit cards.  The Provo bankruptcy court claims credit card expenses of $600 or more made within 90 days before your filing.  If at all possible, avoid these expenses.
• Preference: Some debtors prefer particular creditors and attempt to pay their debts to these creditors before filing Provo bankruptcy.  To ensure fair treatment of all creditors, the court claims all payments made to creditors within 90 days before filing.  The court also claims all payments made to family members within 1 year before filing.  It’s best not to attempt to pay back certain loans and not others.
• Inheritance: The court claims all non-exempt assets that debtors have inherited within 120 days before filing Provo bankruptcy.  If you and struggling with debt and planning for bankruptcy, be careful of inheriting valued family heirlooms and other property.  Our attorneys will fight to protect all your property, but you might consider keeping these valuables elsewhere in the family.

Debtors who anticipate the need for bankruptcy and prepare properly get better results.  Even if you aren’t in serious financial trouble, if you are falling behind on your debts please start today by following these simple steps and coming in for a free consultation.  Start by filling out our free evaluation, let us help you find the solution to your problems with debt, before it becomes a crisis.

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You can avoid financial distress in the future if you follow the steps that lead to strong credit and stable finance.

Debtors come to us for personal bankruptcy services to get them out of financial trouble.  We are happy to help, but we’d like to do more.  We are dedicated to the long-term success of our clients.  That means solving the problems our clients are facing now and helping them rebuild their finances afterward.

Many debtors worry that Provo bankruptcy will ruin their credit.  I would like to show you that your credit can be stronger than ever if you follow a few simple steps, even after filing Provo bankruptcy.  We will help you get your fresh start, these steps will help you make the most of it.

• Have A Steady Job: Many debtors file Provo bankruptcy because they lost their jobs.  Times are hard and finding a job can be tough, but do whatever it takes to get a job and keep it.  A steady income is very important to a good credit score and feeds into each of the other steps.
• Pay Bills On Time, Every Time: We can get your old debts discharged through Provo bankruptcy, but you will acquire new debts in the future.  Use a budget and be careful not to get into more debt than you can handle.  Always pay your bills on time, set up an automatic pay system or reminders so that you never miss a payment.
• Low-Limit Credit Card: You must successfully manage a credit card to get a good credit score.  Start with a low-limit card from a major company.  Never max out a card, in fact, try not to use more than 30% of your available credit.  And never get behind on your payments.  Pay your credit card bill every month.
• Savings And Checking Accounts: Maintain a good balance in a checking account and make monthly deposits into a savings account.  The people who give you a credit score love to see money in the bank.  Besides, this is just good personal money management.

Debtors who follow these steps recover their credit quickly and have minimal financial trouble in the future.  At Utah County Fresh Start, we are commited to the success of our clients.  We want to get you out of debt and help you avoid provo bankruptcy in the future.  Come in for a free consultation to see what we can do for you.  To start on the road to financial recovery, fill out a free evaluation form today!
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Some creditors have stronger claims on your assets than others.  How can you maximize your debt relief while minimizing the risk of losing your property?

Not all debts are the same, and not all creditors have the same power in your 341 meeting during Provo bankruptcy.  With good planning, you can discharge the debts that give you the relief you need and minimize the risk of losing your car or your home.  The difference is in secured debt, unsecured debt, and a contract stipulation called a lien.

Secured debts are made for specific, high-cost assets such as automobiles and real estate.  Your car and home mortgage loans are secured debts.  Secured debt contracts give the rights to the asset (the car or home) to the creditor if the debtor stops making payments on the debt.  The creditor’s legal claim on your property is a lien. If the debtor has filed for Provo bankruptcy and wants the secured debt discharged, the creditor can make a claim on the asset.  These secured claims are the first consideration during the 341 meeting.

Unsecured debts have no assets connected to them.  Credit card and medical debts are unsecured.  If a debtor stops making payments on these debts, the creditor has a general unsecured claim on the debtor’s property.  These claims are less powerful than secured claims during the 341 meeting of Provo bankruptcy.  Debtors can defend their assets from unsecured creditors more easily than from secured creditors.

The temptation is to discharge as much debt as possible.  In truth, which debts you choose to discharge is an important decision that can make the difference between successful provo bankruptcy and failure.  If you can get control of your finances by only discharging unsecured credit card and medical bills, the risk of losing your car or home are nearly zero.

This is an important option to keep in mind while planning your Provo bankruptcy.  The best way to find your best option is to fill out a free evaluation form today.

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Debtors can get into a lot of trouble if the debts they need to escape turn out to be non-discharging.

Debtors from all over the country and all walks of life turn to bankruptcy for help when their financial supports are taken out from under them. That’s what bankruptcy is for, to give us a fresh start when we need one. Bankruptcy is diverse too. Everyone from penniless individuals to billion dollar corporations have a place in modern bankruptcy law.  That’s good too, because our modern economy needs the insurance that bankruptcy provides.  Bankruptcy is not, however, a cure-all.

In Utah County, debtors occationally seek out personal bankruptcy services with the intent of discharging debts that are non-discharging.  Meaning that no matter how good your attorney is, the Provo bankruptcy court will not release the debtor from these debts.  Any Provo bankruptcy attorney worth his or her salt will warn their clients about these kinds of debts right away.  The people who get into trouble are debtors who are planning for a bankruptcy to cover these kinds of debts.

So it is important for people considering Provo bankruptcy to make sure that their debts can be discharged.  Debts that cannot be discharged are those the government feels debtors are responsible for no matter what.  Taxes, for example.

Federal and state taxes cannot, for the most part, be discharged.  Neither can debts related to a previous court judgement, such as DUI and criminal punishment fines.  No bankruptcy attorney in the world can get your alimony or child-support debts discharged.

The one that surprises most is school loan debt.  Only rarely will the Provo bankruptcy court discharge these fines.  So rarely, in fact, that debtors should not expect it.  It isn’t uncommon for new BYU or UVU graduates to have difficulty finding employment to pay off all the student loans they’ve accumulated.  Sadly, Provo bankruptcy really isn’t a solution.

I want Utah County debtors to know about this because time spent planning a bankruptcy for student loans is time wasted.  Be sure your debts are dischargeable.  If they are, we’re here to help.

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