Helping Utah Clients File for Bankruptcy Protection
Are your creditors harassing you to pay debts that you simply cannot afford? Are you stuck owing money on a deficiency judgment after a foreclosure or repossession? Are your wages being garnished to pay your creditors when you need that money for your family?
Filing for Chapter 7 bankruptcy may help you get debt relief and make a fresh start. At Esplin | Weight, our experienced bankruptcy lawyers can explain your options, prepare your bankruptcy filing and represent you throughout the process. Contact us at our offices in Provo to schedule a free initial consultation.
Eliminating Debts From Your Record Permanently
Chapter 7 bankruptcy is a procedure set forth in federal law and administered by special federal bankruptcy courts. It allows people with debts they cannot pay — such as credit card bills, medical bills and deficiency judgments — to discharge (permanently eliminate) those debts.
A successful Chapter 7 bankruptcy filing will completely discharge all of your eligible debts within a period of four to five months so you can make a fresh start and begin rebuilding your credit.
Technically, the Chapter 7 procedure is a liquidation, which means the bankruptcy court can sell off debtors' assets to partially repay their creditors. However, in Utah, many assets — including household goods, personal items and limited amounts of home or vehicle equity — have exemptions from liquidation. As a result, most people who file for Chapter 7 bankruptcy in Utah do not have to give up any property.
Getting Immediate Relief From Creditors
The moment you file for bankruptcy, an automatic stay is placed on all creditor proceedings against you. That means creditors and debt collection agencies must immediately stop calling you; your wages can no longer be garnished; and impending lawsuits, foreclosures and repossessions must be canceled.
The automatic stay is one of the most powerful aspects of bankruptcy, and an experienced attorney can expedite the process so you can get debt relief quickly. Contact us to get one of our bankruptcy lawyers working on your case right away.
