Filing bankruptcy will give you immediate protection from your creditors and provide long term relief by eliminating your credit card debt, medical debt, and most other unsecured debt. It will take a little bit of work and time, and probably just under $400 (for court filing fees and the mandatory credit counselling courses) to get to your discharge, which is typically not too much to pay in exchange for eliminating several thousand dollars worth of debts. Some debts, such as student loans, child support, alimony, and recent tax debts can’t be eliminated in a Chapter 7 bankruptcy. If most of your debt is in this category of non-dischargeable debts, filing bankruptcy may not be worth it because it will only minimally impact your day-to-day life. On the other hand, if you are subject to wage garnishment or have credit card companies and payday lenders constantly requesting payments you simply can’t afford to make, filing bankruptcy is often the most effective and efficient way to get permanent relief and start fresh. Utah Bankruptcy FilingsBankruptcy filings in the United States fall under one of several chapters of the Bankruptcy Code, including Chapter 7, which involves the liquidation of assets; Chapter 11, which deals with company or individual reorganizations; and Chapter 13, which arranges for debt repayment with lowered debt covenants or specific payment plans. Bankruptcy filing costs vary, depending on the type of bankruptcy, the complexity of the case, and other factors. Chapter 11 Bankruptcy Chapter 13 Bankruptcy Advantages and Disadvantages of Filing for Bankruptcy Loss of credit cards Bankruptcy LawyerWhen you need to file for bankruptcy, 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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