Filing for Bankruptcy

Are you thinking about filing for bankruptcy in Utah? If so, you need the assistance of an experienced Chapter 7 or Chapter 13 bankruptcy lawyer in Salt Lake City and serving all of Utah. Rely on the practiced expertise of Utah Bankruptcy Inc., led by Salt Lake City bankruptcy attorney Robert A. Eder Jr., who’s bankruptcy law office is located in the Salt Lake City area.  Whether you live in Logan, St. George, or anywhere in between, attorney Robert A. Eder Jr. can help you with bankruptcy.

Are You Eligible to File for Bankruptcy in Utah?

If you have never filed for bankruptcy in Utah before, you may be unfamiliar with the process. You are likely aware that filing for bankruptcy provides you protection from your creditors. That means no more harassing creditors and our Salt Lake City Chapter 7 and Chapter 13 bankruptcy lawyer can help you stave off foreclosures, garnishments, and repossessions.

Filing for bankruptcy will discharge most or all of your debt, meaning you no longer have to pay the money you owe.

Even if you have already filed a bankruptcy, you are most likely still eligible to file either a Chapter 7 or Chapter 13 bankruptcy. Either one of these bankruptcy will give immediate relief from your debt.

bankruptcy-document
bankruptcy written on paper

Do you qualify for a Chapter 13 or Chapter 7 Bankruptcy in Utah?

Not everyone will qualify for a Chapter 7 bankruptcy. If you have filed a Chapter 7 bankruptcy within the past 8 years, you will not be able to file a Chapter 7 at this time. You may want to look at the possibility of filing a Chapter 13 bankruptcy. However, many people who have never filed for bankruptcy before may still be restricted from filing Chapter 7 and should consider a Chapter 13. A Chapter 13 bankruptcy consists of you working with your attorney to create a payment plan that will allow a person to make monthly payments into the bankruptcy, based on what you can afford. In a lot of cases, this means that unsecured creditors get paid a small percentage of the balance owed. Regardless of how much creditors are paid, at the end of the Chapter 13 bankruptcy, you will no longer be responsible for the debt. Whether a person files Chapter 7 or Chapter 13 will depend on a review of that person’s income level, assets, expenses and debt level. Part of this review will involve a comparison between a household’s monthly income and the median income of a similar household in that jurisdiction.

Filing for Chapter 7 Bankruptcy Protection

If you are thinking of filing for bankruptcy, talk to our Chapter 7 bankruptcy attorney in Salt Lake City. A Chapter 7 bankruptcy will erase most or all of your debt, which will give you a fresh start and allow you to start rebuilding your credit.  Most people who file a Chapter 7 bankruptcy, get to keep all of their property and assets.

Filing for Chapter 13 Bankruptcy Protection

Our Chapter 13 bankruptcy lawyer in Salt Lake City can help you file a Chapter 13 bankruptcy. A Chapter 13 will usually erase most of your debts.  But Chapter 13 bankruptcy will also allow you to restructure debt that you would like to keep, such as a house or vehicle, and prevent repossessions and foreclosures.  You can file a Chapter 13 bankruptcy even if you have recently filed a Chapter 7 bankruptcy or if you filed a Chapter 13 bankruptcy that was dismissed or discharged.

If you need a Chapter 7 bankruptcy lawyer or a Chapter 7 bankruptcy lawyer in Salt Lake City, contact Robert A. Eder Jr. at Utah Bankruptcy Inc. today.

Robert A. Eder, Jr. is an attorney and a debt relief agency and helps people file for relief under the bankruptcy code.

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