The stress of being deeply in debt can be an overwhelming burden. Though bankruptcy is often seen as a highly negative thing, it is often the case that the alternatives—failing to pay bills, having property repossessed, etc.—are much worse for your overall credit.
It is important to note that there are a limited number of things bankruptcy does not do. Among these are the discharge of criminal fines, debts owed to ex-spouses or as spousal or child support, debts incurred through fraud or false pretenses, some taxes, and debts incurred after filing for bankruptcy. A bankruptcy also does not protect cosigners unless you propose to pay the creditor 100% of the debt in a chapter 13 case.
Deciding whether or not to file for bankruptcy is a highly personal and often extremely difficult choice. However, it is sometimes the best option for finding a way out of debt. We recommend coming in and speaking to one of our Salt Lake City bankruptcy attorneys to help determine what course of action is right for you and your family.Bankruptcy may or may not be the best option. At Enderton & Mathews, you are not just another bankruptcy case. Our attorneys will discuss all of the available options with you.
Contact us today at (801) 701-8644 to schedule your free consultation and learn more about how we can help you get out from under your debt.