How can you avoid personal bankruptcy?

Well, you’d have to get your finances in order. This means living below your means or spending less than you make. Dave Ramsey has a good course on taking baby steps to get your financial life in order. You can start there. But I disagree with his position that you should never file for bankruptcy because depending on where you are at, you might need to file to start over and start fresh.

It's easy to see how personal bankruptcy can happen: what starts off as a minor financial problem can quickly snowball into a full-blown financial crisis. If you're tired of always worrying about money and not having enough, there are plenty of things you can do to make sure you don't end up in bankruptcy court.


If you need help in filing for bankruptcy, please call Ascent Law Firm at 801-676-5506. They will help you.

First, figure out whether your problems are caused by debt or by a lack of savings. Are you spending too much and not earning enough? Or is it that you're not making enough money to cover your basic living expenses? If the latter is the case, you might be eligible for public assistance, which will give you a temporary tax break until your income improves.

The next thing to do is to come up with a plan for getting yourself out of debt. If your financial problems are being caused by credit card bills that are threatening to bury you under a mountain of interest payments, selling some stuff on eBay or Craigslist so that you have extra cash on hand can help keep you afloat while you pay down the rest of your debts. You can also try asking around to see if anyone needs any odd jobs done—you might be surprised what generous people will offer to pay for some work around their house or garden.

When you need to file for bankruptcy or if you just want to talk with someone about the option, call this bankruptcy law firm, they can help you.

Ascent Law LLC

8833 S Redwood Rd Ste C

West Jordan UT 84088

(801) 676-5506

https://g.page/AscentLaw

https://www.ascentlawfirm.com/bankruptcy-utah/ 


Comments

Post a Comment

Popular posts from this blog

What will I lose if I file for bankruptcy?

Image
This depends on several things. First, what state do you live in - the state exemptions will allow you to keep certain property. Each state’s laws are different. Second, the chapter of bankruptcy that you file. Typically, in chapter 13, you keep most (if not all of your property) because it is more of a reorganization than it is a liquidation. If you are filing a chapter 7 bankruptcy, you should really speak with a lawyer because you can lose things if you don’t do the paperwork right. Just because the law allows you to keep something under an exemption law, if you don’t put the law in your paperwork, you don’t get it. You might think that the only thing you lose when you file for bankruptcy is a bunch of money (and some of your things, if you can't keep them after the bankruptcy). But what you lose is really a lot more than that. It's very important to think about what you'll be giving up before choosing whether or not to hire a bankruptcy attorney in your area. If ...
Read more

Why should I have to pay my wife alimony when she is able to work?

Image
Alimony is a payment that one spouse will make to the other after they separate or divorce. You are not required to pay alimony if you don't want to, and if you're the one who asks for alimony, you'll have a hard time getting it. But if your spouse is able to earn money, and you aren't, you could be forced to pay the alimony.   My wife and I have been married for the past 7 years. We have 3 kids. In any other case, she would be entitled to 60% of the marital assets.   However, she is a stay-at-home mother who does not work. I am employed full-time as a manager at a local bank.   I do not make enough money to support our family on my own, so I want her to contribute as well. She is against this idea, and I don't understand why.   Is there anything that can be done?   When you get married, you make a commitment to support each other. You mutually agree on your goals and economic situation, then build a life together and solidify that agreement by creating a legal ...
Read more

How do you change the executor of a will?

Image
Changing the executor of a will is an important decision that requires the specific attention of an estate planning attorney. If you're looking to change your will and add a new executor, you should consult with an attorney for help. The first step is to decide who you want to appoint as your new executor. Your choice must be reviewed by your attorney to ensure that person is legally able to fulfill the duties of the position , including knowing what documents are needed from them and how they need to be filed. The next step is telling your current executor. This person can be informed in person, over the phone, or via a letter that includes their current contact information so they can get in touch with the proper offices if anything needs updating. You'll also need to update any health care proxies or powers of attorney. Your next step after this is to call your estate planning attorney. Parklin Law LLC 5772 West 8030 South, Unit N206 West Jordan, UT 84081 (801) 61...
Read more