Managing Your Mortgage Payment During Covid-19

Managing Your Mortgage Payment During Covid-19

During these uncertain times, it’s natural to worry about making your regular mortgage payments – especially if you have already fallen behind on your account, or if your family has suffered COVID-19 related job losses. The unemployment rate in Utah is currently at 3.6%, and 4.4% in the nation.

Bankruptcy – Can Someone Get Rid of Tax Debt Through Filing Chapter 7 in Utah?

Bankruptcy – Can Someone Get Rid of Tax Debt Through Filing Chapter 7 in Utah?

Chapter 7 is the most common type of bankruptcy for personal debtors. It is also referred to as straight or liquidation bankruptcy. Chapter 7 is most suitable, and most frequently used, by individuals, but can also be an option for businesses as a last resort to have their slate wiped clean. Chapter 7 bankruptcy is most often used by people who are far behind on their bills with unsecured debts to reset their finances.

Bankruptcy- What Property Can You Keep in a Chapter 7?

Bankruptcy- What Property Can You Keep in a Chapter 7?

Chapter 7 bankruptcy could also be known as liquidation, or straight bankruptcy. It requires the court to appoint a trustee. Who then takes your assets, sells them, and distributes the money to creditors who have filed the proper claims. They cannot receive payment without correct claims filed. Being the most common type of bankruptcy filed in the U.S., chapter 7 is still complex.

Estate Planning- Asset Protection Planning Methods

Estate Planning- Asset Protection Planning Methods

An asset is anything already of value, or a resource of value that can be turned into cash at any time. Assets may be owned by individuals, companies, or the government. It may contain economic value, or future benefit. Future cash benefit assets may be something such as a company, or a patent. So how do you determine the different categories of assets?