Bankruptcy Process

Chapter 7 (Liquidation) The Chapter 7 process is pretty straightforward. Theoretically when you file Chapter 7, all your property goes into a bankruptcy estate. The estate is then sold (liquidated) and the proceeds are paid over to your creditors. Most people filing Chapter 7 will find that most of their property is considered exempt and… [Continue Reading]

Bankruptcy Court

Chapter 13 Bankruptcy

What is Chapter 13 Bankruptcy Chapter 13 differs from chapter 7bankruptcy because the debtor actually repays some or all of the debt.  This is accomplished using a Chapter 13 restructuring plan which provides debtors with better terms such as lower interest.  Because restructuring debt involves repayment instead of discharge of debt, debtors who utilize Chapter… [Continue Reading]

Utah Bankruptcy attorney talking to client

Chapter 7 Bankruptcy

What is Chapter 7 Bankruptcy in Utah? The majority of all consumer bankruptcy filings are for Chapter 7. For those in dire financial straits, Chapter 7 provides a means for a fresh start. Chapter 7 is oftentimes referred to as liquidation because debtors are required to sell their non-exempt resources and distribute the proceeds to… [Continue Reading]

Bankruptcy utah attorney

Utah Bankruptcy Attorney

If you are like most people in financial distress, you are probably experiencing a great deal of emotional trauma and feelings you may have never felt before. Seeking help from a bankruptcy attorney in Utah can help ease the pain of insurmountable debt, relieve the sting in your ear from creditor phone calls, and give… [Continue Reading]

Utah Bankruptcy Attorney

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Chapter 7 Bankruptcy

What is Chapter 7 Bankruptcy in Utah? The majority of all consumer bankruptcy filings are for Chapter 7. For those in dire financial straits, Chapter 7 provides a means for a fresh start. Chapter 7 is oftentimes referred to as liquidation because debtors are required to sell their non-exempt resources and distribute the proceeds to creditors. While the prospect of liquidating your property is … Read More...

Chapter 13 Bankruptcy

What is Chapter 13 Bankruptcy Chapter 13 differs from chapter 7bankruptcy because the debtor actually repays some or all of the debt.  This is accomplished using a Chapter 13 restructuring plan which provides debtors with better terms such as lower interest.  Because restructuring debt involves repayment instead of discharge of debt, debtors who utilize Chapter 13 must have a regular income.  … Read More...

Stopping Foreclosure through Bankruptcy

Bankruptcy House

Many consumers are new home owners because of lax lending rules in recent years, and because of non-conventional loan schemes, including zero-interest, zero-down loans. The bad economy has left many new home owners wondering how bankruptcy will affect their mortgage and their ability to keep their homes. Bankruptcy offers a way to stop the foreclosure sale and to retain your property, even over the foreclosing creditor's objection! Facing a foreclosure is something that they never … Read More...

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