Probably yes.

Hopefully it will stay the same or get better.

No.

Under Utah law, I can protect up to $3,000 of equity in a vehicle with your name on the title.

They get stuck with the whole bill.

Your co-signer assumes full liability on your loans when they sign up as a co-signer.

Maybe.

Here in Utah, we can protect $3,000 of the equity in your car or truck when you file bankruptcy.

Usually yes.

In bankruptcy, we count “heads on beds,” regardless of whether or not you have legal custody.

This is a complicated question, and unless you’ve filed bankruptcy in the past 8 years AND received a bankruptcy discharge, it does not apply to you.

If you want to discharge your debts in a new chapter 7, you have to wait for 8 years from the date of filing the last Chapter 7 (that gave you a discharge).

You lose them.

Well, in a chapter 7 you lose them.

Maybe.

I know one longstanding bankruptcy trustee here in Utah who has told me repeatedly that if you are running a business, you’d better file a chapter 13.

No.

When you file bankruptcy, we will have to count his income as part of your household income, but not his assets.