Salt Lake Chapter 7 bankruptcy is the most comment, quickest and least expensive form of bankruptcy. Chapter 7 bankruptcy in Salt Lake is sometimes call a liquidation or “straight” bankruptcy. That’s because the debtor’s property is divided into exempt and non-exempt property. All exempt assets will be retained by the debtor. The debtor potentially trades any non-exempt assets to the trustee who sells the assets and pays the proceeds to the debtor’s creditors. The debtor’s remaining unpaid debts are then discharged, with only a few exceptions. In essence, a chapter 7 bankruptcy is an exchange of non-exempt proeprty for a discharge of your debt.
Exempt assets differ by jurisdiction. A qualified Salt Lake bankruptcy chapter 7 attorney with our firm can help you determine if you have any non-exempt assets. More importantly, our Salt Lake 7 bankruptcy lawyers can give you the chapter 7 bankruptcy help you need to keep your assets.
How do I know if I should get Chapter 7 Bankruptcy Help?
If you are experiencing any of the following, you should get a Chapter 7 bankruptcy evaluation from one of our experienced attorneys:
The loss of a job.
You’ve fallen behind on some of your credit card payments.
You’ve had unexected medical debt that you can’t afford.
Your credit card companies increased your minimum monthly payment and you can’t afford it.
You’ve had to borrow money from “pay day” loan companies.
You’ve reached or exceeded the limit on some of your credit cards.
You’ve had to juggle credit card payments by using some credit cards to pay off other credit cards.
You have trouble sleeping at night because you stress about making ends meet.
You need money to pay your creditors so you’re thinking about borrowing from your 401k retirement account or worse, taking out a home equity loan!
You are having marital problems because you and your spouse argue about finances.
If any of the situations listed above sound familiar, it is time for you to consult with an experienced Utah Ch 7 bankruptcy attorney who can give you sound advice about whether you should file bankruptcy Chapter 7 or whether Chapter 13 might be better for you. Filing bankruptcy 7 may finally give you the relief that you need to once again enjoy life.
Are you drowning in debt? Bankruptcy is the honest and constitutional method of dealing with debts that you cannot afford. Find out how our Utah bankruptcy attorneys can help you get your finances under control and your life back on track.
of Successful Cases
Experience You Can Trust
Our Utah bankruptcy attorneys have successfully helped thousands of people obtain financial relief with a bankruptcy discharge. Let us help you be our next success story.
Free Bankrupcy Evalaution
Take your first step to financial relief by requesting a free bankruptcy evaluation. Our experienced bankruptcy attorneys will review you situation and recommend the best course of action.
$0 Down Chapter 7 Bankruptcy in Utah
Are you being garnished, about to be garnished, or have another emergency and need to file immediately, but don’t have the upfront attorney’s fees to file? We can help. With our Affordable Bankruptcy Program, we can file your case for $0 down. After your emergency case is filed we will setup affordable monthly payments to pay for the cost of bankruptcy.
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Russell and his team made my situation nothing short of amazing…. I have already referred a friend and would refer any family and friends to him and his team. Continue Reading >
Thank you so much for everything, I will give a good referral to my friends and family who need to file bankruptcy about your firm. I want to thank you also cause your office is casual and you make people feel comfortable. Continue Reading >
Areas We Serve
Salt Lake City, Sandy, Draper, West Valley, Logan, South Jordan, West Jordan, Taylorsville, Herriman, Magna, Logan, Bluffdale, Riverton, Magna, Midvale, Cottonwood Heights, Provo, Orem, Eagle Mountain, American Fork, Saratoga Springs, Payson, Springville, Lehi, Alpine, Pleasant Grove, Springville, Spanish Fork, Payson, Bountiful, Layton, Ogden, Centerville, Clearfield, Heber, Park City, Vernal, & Price
Utah County Office
207 East 860 South
Orem, Utah 84058
Salt Lake Office
8823 South Redwood Rd.
West Jordan, Utah 84088
6901 West Emerald St.
Boise, Idaho 83703