Brian Johnson

So you have filed for bankruptcy. You have reaped the benefits of your decision. You are no longer in bankruptcy and you are finally able to start fresh. What happens now? Is it possible to “bounce back” or “repair your finances?” For how long will your credit score be affected? These are important questions that […]

You may hear the term ‘disposable income’ thrown around by your Draper bankruptcy attorney during the course of your preparation and filing for bankruptcy. It is potentially confusing; if you had disposable income, why would you file for bankruptcy in the first place? However, disposable income is not simply extra money, and even with a […]

The threat of foreclosure can be devastating. What happens now? What will we do if we lose our home? Where else can we live? What can we do to save our home? These questions may seem daunting at first, but if your financial situation is dire, bankruptcy may be your best and most effective option. […]

Very soon after making the decision to file for bankruptcy, you must decide which type of bankruptcy you would like to file. In some cases, this may seem like a no-brainer; people with no income or those in massive debt should file a Chapter 7. For those who are in less dire situations, however, it […]

When most people think of bankruptcy, they think of a Chapter 7. This is the type of bankruptcy that, using liquidation of assets, effectively cancels most debt. Though things like student loans and debts to the IRS are not wiped away, Chapter 7 bankruptcy is the quickest and most complete erasure of debt available. However, […]

As you may already know, an individual — or a jointly filing couple — has access to two different types of bankruptcy. These bankruptcy types, called ‘chapters,’ are wildly different in execution. While the general goal of both types of bankruptcy is to get on top of crippling debt, Chapter 13 bankruptcy is the most […]

One of the most common concerns expressed by potential clients is whether or not a Chapter 7 will ruin one’s credit. While the answer is no, it will not ruin one’s credit, it does have an effect. Your decision to file a 7 may depend on whether or not the effects are more beneficial than […]

Filing a Chapter 7 can seem like a difficult and dangerous task, especially to those who do have assets to their names. You might be worried about your home or your vehicle, or perhaps you are simply worried about heirlooms; without the requisite information, things like “liquidation of assets” might be enough to scare you […]

The question of housing often comes up during discussions of bankruptcy. Many people assume that filing automatically means a loss of homes, but this is not always the case; in many situations, one can keep one’s home. The deciding factor is generally the worth of the dwelling, and if you are worried about losing it […]

Once you have made the decision to file for bankruptcy, it is time to start making decisions. In order to make the process go faster, it is a good idea to consider which type of bankruptcy is right for you. As an individual or part of a couple, you have two options available to you: […]