Utah Debt Relief Attorney
Do you get harassing calls from creditors? Are you unable to keep up with your credit card debt or medical bills? In today's economy, many people find themselves in a tough position, but you do not have to keep struggling with debt. Chapter 7 bankruptcy can provide you with immediate relief and a fresh start.
At the law offices of Enderton & Mathews, our Salt Lake City Chapter 7 bankruptcy attorneys have helped thousands of people get the debt relief they deserved. We work closely with all our clients and will educate you about your options, so you can make a well-informed decision about your financial future.
Is Chapter 7 Bankruptcy Right for You?
Not everybody qualifies for Chapter 7 bankruptcy. Before you can file, you have to pass a means test. Individuals with too many assets or an above-median income may have to file for Chapter 13 instead. Frequently, if you are required to file a chapter 13, it is in your best interests anyway. However, not all above-median income debtors have to file a Chapter 13. Our attorneys will look at every possible scenario to try to keep you in a Chapter 7, provided Chapter 7 is in your best interest.
A Chapter 7 bankruptcy will wipe out all of your dischargeable debts within three to five months, including:
- Medical bills
- Credit card debt
- Payday loans
- Some tax debt
- Repossession deficiencies
Some debts such as student loans, past due child support or alimony, and some tax debt cannot be discharged in any type of bankruptcy.
While Chapter 7 bankruptcy will stay on your credit report for up to 10 years, it will give you the opportunity to make a quick financial recovery and start rebuilding your credit score almost immediately.
Filing for Chapter 7 bankruptcy does not mean you will lose everything. Our lawyers will tell you what exemptions are available for someone in your situation. You may be able to keep your property.
Contact Us
With so many things to consider in the Chapter 7 bankruptcy process, you want to start exploring your rights and options as soon as possible. Contact our Salt Lake City offices today to schedule a free initial consultation and learn more.
