Personal Bankruptcy Information in Utah

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Utah Personal Bankruptcy Information (Definitions)

The following are common terms used on this site regarding personal bankruptcy information in Utah:


Any property that a business or individual owns.

Automatic Stay

This injunction stops the creditor from attempting to collect from the debtor. An automatic stay takes effect immediately after the debtor files for bankruptcy.

Chapter 7

The Utah bankruptcy court seizes non-exempt assets owned by the debtor and sells them to pay the creditor. A Utah bankruptcy attorney will help you protect your property in this process. This is the most common Utah person bankruptcy.

Chapter 13

The Utah bankruptcy court permits the debtor to retain his or her assets. The court requires the debtor to make payments to its creditors according to a repayment plan, which is approved by the court.


The business or individual that is owed money by a debtor.


The business or individual that owes money to the creditor.

Discharged Debt

Debt that the debtor no longer legally responsible to pay and removes it from the debtor’s credit history. A Debt discharge will be awarded by the Utah bankruptcy court by successfully completing bankruptcy.


The dollar amount that an asset can be sold for in excess of the money owed on the asset.

Exempt Assets

Property that state and federal laws protect. This property will not be taken from the debtor. A Weekes Law bankruptcy attorney will help you understand these laws and protect your property.

Non-Exempt Assets

The property that the Utah bankruptcy court takes from the debtor and sells (liquidates) to pay the creditors.

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Now that you understand the important Utah bankruptcy terms, you are ready to begin the process of returning to financial stability. Submit a free evaluation form and let our experienced Utah bankruptcy lawyers help you recover from debt and accomplish your financial goals.

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Get To Know Us

There are reasons that Capstone Law helps more people get financial relief in the State of Utah. Find out why.

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$0 Down 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.

Which Chapter of Bankruptcy is Right For Me?

Utah Chapter 7 Bankruptcy

Chapter 7 in Utah is often called a liquidation. In chapter 7 you are entitled to keep all your “exempt” property–or property that is protected. Any non-exempt property may be liquidated or sold on behalf of your creditors. Most people that file for chapter 7 don’t lose any property.

To find out how chapter 7 will impact your property, schedule your free Utah bankruptcy consultation today!

Our Utah Bankruptcy Attorneys will help you understand your situation and guide you through the entire process.

Utah Chapter 13 Bankruptcy

Chapter 13 in Utah is a debt consolidation and repayment plan. Generally, your plan repayment plan amount will be based on your disposable income. The repayment plan will normally last between 36 and 60 months.  Chapter 13 is appropriate when:

  • You have a higher income
  • You have more substantial assets
  • You want to avoid foreclosure
  • You want to avoid repossession
  • You want to restructure a secured loan such as a mortgage or auto loan

To find out how chapter 13 can help you, schedule a free consultation today!


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(c) Copyright Weekes Law, PLLC 2011-2019. All Rights Reserved. This website is not intended to be legal advise or create an attorney-client relationship. Information, forms or documents are intended for general information only and may not be regarded as legal advice. Laws change periodically, and the contents of this site is not guaranteed to be up-to-date. It is highly recommended that you seek professional legal advice so you can understand your full rights and obligations under the law.