CHAPTER 7 & CHAPTER 13 BANKRUPTCY
Provo Chapter 7 Bankruptcy Attorneys
If you are struggling to keep up with unpaid bills and are being harassed by creditors, you owe it to yourself to seek help. At Esplin | Weight, our Provo Chapter 7 bankruptcy lawyers can work with you to get the debt relief you need to start a new financial future.
We can explain your debt relief options, prepare your bankruptcy filing and provide experienced representation throughout the entire process. Contact our Utah credit card debt relief attorneys online or call 801-373-4912 to schedule a FREE initial consultation.
Chapter 7 Filings
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 and permanently eliminate those debts.
Chapter 7 is known as liquidation bankruptcy, which means the court can sell off your assets to partially repay your creditors. However, 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 qualify for this filing do not have to give up any property. The lawyers at our Provo debt liquidation law firm will review your case and let you know if this might be an option for you.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy differs from Chapter 7 in that instead of asset liquidation, your debts will be reorganized into an affordable payment plan. This will allow you to pay off only a percentage of your debts over a set number of years (three-to five years), and is only an option for people who have a steady source of income. Even if you qualify for Chapter 7, Chapter 13 bankruptcy may still be more advantageous, depending on your situation. In any case, our Utah consumer bankruptcy attorneys will keep you fully informed of your case’s progress every step of the way.
Put an End to Creditor Harassment
Regardless of which filing you choose to make, both will place an automatic stay on all creditor proceedings. This will stop wage garnishments as well as put a stop to creditor harassment, repossession and foreclosure actions. Debt relief is available. It is time to set yourself on the path to a brighter financial future and rebuild your credit.
Call for a FREE Consultation With a Utah County Chapter 13 Bankruptcy Lawyer
If you are drowning in credit card debt, medical debt, or other secured and unsecured debts, we can help. Contact our Chapter 7 bankruptcy lawyers online Contact our Chapter 7 or Chapter 13 Bankruptcy lawyers now by calling 801-373-4912 for a FREE initial consultation to discuss your case.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.