Bankruptcy can stop collection activities, eliminate most types of debt, and allow you to reorganize your debts and catch up on missed mortgage or car loan payments. Filing for bankruptcy relief can help you get out of debt. Depending on the chapter you file, you’ll be able to: Eliminate Most Types of Debt You can contact your nearest Citizens Advice to get advice about your debt problems and bankruptcy. Most debts that you have when a bankruptcy order is made will be covered by your bankruptcy. If you become liable for things such as court costs or benefit overpayments because of something that happened before the date of your bankruptcy, any debts that arise will still be included in your bankruptcy order. This includes if you’re asked to pay them after you’re discharged from bankruptcy. This means you won’t have to pay them at the end of the bankruptcy period. However, not all types of debt are included in bankruptcy. The people you owe these debts to can still take action to get their money back. This means that before you apply for bankruptcy you should work out how you’ll deal with any debts that aren’t covered. Guarantor debts Common Categories of Dischargeable Debt • repossession deficiency balances Bankruptcy LawyerWhen you need to file for bankruptcy in Utah, please call Ascent Law LLC for your free consultation (801) 676-5506. We want to help you.
Ascent Law LLC
8833 S. Redwood Road, Suite C West Jordan, Utah 84088 United States Telephone: (801) 676-5506
Ascent Law LLC
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