How Can a Chapter 7 Bankruptcy Utah Lawyer Can Help People Get Out of Debt?
A Chapter 7 Bankruptcy Utah lawyer can help people file “liquidation” bankruptcy, the most common bankruptcy filed. When a debtor hires a Chapter 7 Bankruptcy Utah lawyer, the lawyer prepares a bankruptcy petition for the bankruptcy court to eliminate most of the debts and the debtors keep most of their personal property. Debts such as personal loans, medical bills, older unpaid federal and state taxes, credit cards, breached leases, deficiencies from car repossessions, and other similar debts may be discharged through a Chapter 7 Bankruptcy.
What Happens After I File a With Chapter 7 Bankruptcy Utah Lawyer?
Immediately after a debtor files a Chapter 7 bankruptcy petition, the federal “automatic stay” takes effect providing the debtor protection from all collection activities, including home foreclosure sales, car repossessions, wage garnishments, and any other collection activities during the duration of the Bankruptcy proceeding.
How Do I Prepare to File With a Chapter 7 Bankruptcy Utah Lawyer?
When filing a Chapter 7 Bankruptcy in Utah, debtors must make an inventory of their personal property and the bankruptcy attorneys will assist in determining which property is “exempt” (the debtors can keep) and “non-exempt” (the debtors must surrender). Each state has different exemption laws related to vehicle and home values.
A Utah Bankruptcy Attorney can help the client with drafting a Chapter 7 Bankruptcy petition. An experienced bankruptcy attorney can better aid the debtor with creating a plan that discharges debts while protecting much of the debtor’s personal property. The bankruptcy lawyer team at Pearson, Butler & Carson, PLLC, has collectively filed over 3,500 bankruptcy petitions over the past 10 years.
Other types of bankruptcy include Chapter 11 bankruptcy and Chapter 13 bankruptcy.
Contact a Chapter 7 Bankruptcy Utah Lawyer
Contact Pearson, Butler & Carson, PLLC today at (801) 495-4104 to schedule a free bankruptcy consultation and take the first step toward a life free of uncertainty and debt. Contact one of our South Jordan bankruptcy, Layton bankruptcy attorney, and Salt Lake City bankruptcy attorney offices.