What happens to my fishing property after bankruptcy in Utah?
- We've helped over 1,000 families each clear on average $51,912 of debt.
- Our users often file within 10 days of starting.
- Our award winning nonprofit's help is 100% free.
Most people are not able to protect fishing property in Utah chapter 7 bankruptcy cases.
Utah does not allow the use of federal exemptions. You will have to use the state exemption scheme.
Under that scheme, most people are not able to exempt fishing property in a Utah bankruptcy case.
Here is a list of some statutes available in Utah that are available for filers.
It is worth taking your time on these exemptions. If you do not cover an asset with an exemption in a Utah bankruptcy case, it may be seized by a trustee. If you do not feel comfortable with these decisions and want assistance, read more about exemptions or consider using our free bankruptcy help.
When filing Chapter 7 or Chapter 13 bankruptcy you must report your assets. Exemptions are the laws that allow you to protect those assets from being taken by a Trustee. Take your time with this so you avoid losing property.