Bankruptcy Attorney Taylorsville Utah

Bankruptcy Attorney Taylorsville Utah

Bankruptcy is a legal proceeding in which an individual who cannot pay his or her bills can get a fresh financial start. The right to file for bankruptcy is provided by federal law, and all bankruptcy cases are handled in federal court. Filing bankruptcy immediately stops all of your creditors from seeking to collect debts from you, at least until your debts are sorted out according to the law.

Bankruptcy may make it possible for you to:

• Eliminate the legal obligation to pay most or all of your debts. This is called a “discharge” of debts. It is designed to give you a fresh financial start.
• Stop foreclosure on your house or mobile home and allow you an opportunity to catch up on missed payments. (Bankruptcy does not, however, automatically eliminate mortgages and other liens on your property without payment.)
• Prevent repossession of a car or other property, or force the creditor to return property even after it has been repossessed.
• Stop wage garnishment, debt collection harassment, and similar creditor actions to collect a debt.
• Restore or prevent termination of utility service.
• Allow you to challenge the claims of creditors who have committed fraud or who are otherwise trying to collect more than you really owe.

What Doesn’t Bankruptcy Do In Taylorsville, Utah?

Bankruptcy cannot, however, cure every financial problem. Nor is it the right step for every individual. In bankruptcy, it is usually not possible to:

• Eliminate certain rights of secured creditors. A secured creditor has taken a mortgage or other lien on property as collateral for the loan. Common examples are car loans and home mortgages. You can force secured creditors to take payments over time in the bankruptcy process and bankruptcy can eliminate your obligation to pay any additional money if your property is taken. Nevertheless, you generally cannot keep the collateral unless you continue to pay the debt

• Discharge types of debts singled out by the bankruptcy law for special treatment, such as child support, alimony, certain other debts related to divorce, some student loans, court restitution orders, criminal fines, and some taxes.

• Protect cosigners on your debts. When a relative or friend has co-signed a loan, and the consumer discharges the loan in bankruptcy, the cosigner may still have to repay all or part of the loan. – Discharge debts that arise after bankruptcy has been filed.

How Often Can I File Bankruptcy?

You cannot receive a discharge in a Chapter 7 case if you received a discharge under a Chapter 7 case filed in the last eight years or a Chapter 13 filed in the last six years. You cannot receive a discharge in a Chapter 13 case if you received a discharge under a Chapter 7 case filed in the last four years or a Chapter 13 filed in the last two years. If didn’t received a discharge in the previous bankruptcy filing, depending on why this is the case, you can file and receive a discharge without any time restrictions.

Different Types of Bankruptcy

There are four types of bankruptcy cases provided under the law:

• Chapter 7 is known as “straight” bankruptcy or “liquidation.” It requires a debtor to give up property which exceeds certain limits called “exemptions”, so the property can be sold to pay creditors.

• Chapter 11, known as “reorganization”, is used by businesses and a few individual debtors whose debts are very large

• Chapter 12 is reserved for family farmers.

• Chapter 13 is called “debt adjustment”. It requires a debtor to file a plan to pay debts (or parts of debts) from current income.

Most people filing bankruptcy will want to file under either chapter 7 or chapter 13. Either type of case may be filed individually or by a married couple filing jointly. In a bankruptcy case under chapter 7, you file a petition asking the court to discharge your debts. The basic idea in a chapter 7 bankruptcy is to wipe out (discharge) your debts in exchange for your giving up property, except for “exempt” property which the law allows you to keep. In most cases, all of your property will be exempt. But property which is not exempt is sold, with the money distributed to creditors. If you want to keep property like a home or a car and are behind on the payments on a mortgage or car loan, a chapter 7 case probably will not be the right choice for you. That is because chapter 7 bankruptcy does not eliminate the right of mortgage holders or car loan creditors to take your property to cover your debt.

Chapter 13 Bankruptcy In Taylorsville UT

In a chapter 13 case you file a “plan” showing how you will pay off some of your past-due and current debts over three to five years. The most important thing about a chapter 13 case is that it will allow you to keep valuable property especially your home and car which might otherwise be lost, if you can make the payments which the bankruptcy law requires to be made to your creditors. In most cases, these payments will be at least as much as your regular monthly payments on your mortgage or car loan, with some extra payment to get caught up on the amount you have fallen behind.
You should consider filing a chapter 13 plans if you:

• own your home and are in danger of losing it because of money problems;

• are behind on debt payments, but can catch up if given some time; (3) have valuable property which is not exempt, but you can afford to pay creditors from your income over time.

You will need to have enough income in chapter 13 to pay for your necessities and to keep up with the required payments as they come due.

What Does It Cost to File for Bankruptcy?

It now costs over $300 to file for bankruptcy under chapter 7 and well over $300 to file for bankruptcy under chapter 13, whether for one person or a married couple. The court may allow you to pay this filing fee in installments if you cannot pay all at once. If you hire an attorney you will also have to pay the attorney’s fees you agree to. But also, all the payments depends on your attorney choice. In a chapter 7 case, you can keep all property which the law says is “exempt” from the claims of creditors. Utah exemptions provides list of the exemptions available for Utah. In determining whether property is exempt, you must keep a few things in mind. The value of property is not the amount you paid for it, but what it is worth now. Especially for furniture and cars, this may be a lot less than what you paid or what it would cost to buy a replacement. You also only need to look at your actual equity in any property. This means that you count your exemptions against the full value minus any money that you owe on mortgages or liens. For example, if you own a $50,000 house with a $40,000 mortgage, you count your exemptions against the $10,000 which is your equity if you sell it. While your exemptions allow you to keep property even in a chapter 7 case, your exemptions do not make any difference to the right of a mortgage holder or car loan creditor to take the property to cover the debt if you are behind on payments. In a chapter 13 case, you can keep all of your property if your plan meets the requirements of the bankruptcy law. In most cases you will have to pay the mortgages or liens as you would if you didn’t file bankruptcy.

What Will Happen to My Home and Car If I File Bankruptcy in Utah?

In most cases you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. Even if your property is not fully exempt, you will be able to keep it, if you pay is non-exempt value to creditors in chapter 13. However, some of your creditors may have a “security interest” in your home, automobile or other personal property. This means that you gave that creditor a mortgage on the home or put your other property up as collateral for the debt. Bankruptcy does not make these security interests go away. If you don’t make your payments on that debt, the creditor may be able to take and sell the home or the property, during or after the bankruptcy case. There are several ways that you can keep collateral or mortgaged property after you file bankruptcy. You can agree to keep making your payments on the debt until it is paid in full. Or you can pay the creditor the amount that the property you want to keep is worth. In some cases involving fraud or other improper conduct by the creditor, you may be able to challenge the debt. If you put up your household goods as collateral for a loan (other than a loan to purchase the goods), you can usually keep your property without making any more payments on that debt.

Furthermore, many people believe they cannot own anything for a period of time after filing for bankruptcy. This is not true. You can keep your exempt property and anything you obtain after the bankruptcy is filed. However, if you receive an inheritance, a property settlement, or life insurance benefits within 180 days after your bankruptcy, that money or property may have to be paid to your creditors if the property or money is not exempt. You can also keep any property covered by Utah bankruptcy exemptions through the bankruptcy.

Will Bankruptcy Wipe Out All My Debts?

Bankruptcy will not normally wipe out:
• money owed for child support or alimony, fines, and some taxes;
• debts not listed on your bankruptcy petition;
• loans you got by knowingly giving false information to a creditor, who reasonably relied on it in making you the loan;
• debts resulting from “willful and malicious” harm;
• student loans owed to a school or government body, except if:– the court decides that payment would be an undue hardship;
• mortgages and other liens which are not paid in the bankruptcy case (but bankruptcy will wipe out your obligation to pay any additional money if the property is sold by the creditor).

Will I Have to Go to Court?

In most bankruptcy cases, you only have to go to a proceeding called the “meeting of creditors” to meet with the bankruptcy trustee and any creditor who chooses to come. Most of the time, this meeting will be a short and simple procedure where you are asked a few questions about your bankruptcy forms and your financial situation. Occasionally, if complications arise, or if you choose to dispute a debt, you may have to appear before a judge at a hearing. If you need to go to court, you will receive notice of the court date and time from the court and/or from your attorney.

Will Bankruptcy Affect My Credit?

There is no clear answer to this question. Unfortunately, if you are behind on your bills, your credit may already be bad. Bankruptcy will probably not make things any worse. The fact that you’ve filed a bankruptcy can appear on your credit record for ten years. But since bankruptcy wipes out your old debts, you are likely to be in a better position to pay your current bills, and you may be able to get new credit. While technically not a credit card you could use a bank or debit card to perform activities for which you normally would use a credit card. You also may be able to keep the credit card you already have if the creditor grants approval. If these options do not work you can get secured credit card which is backed by your own bank account.

I’m Married, Can I File by Myself?

Yes, but your spouse will still be liable for any joint debts. If you file together you will be able to double your exemptions. In some cases where only one spouse has debts, or one spouse has debts that are not dischargeable then it might be advisable to have only one spouse file. If the spouses have joint debts, the fact that one spouse discharged the debt may show on the other spouses credit report.

How Long After Filing Will The Creditors Stop Calling?

Once a creditor or bill collector becomes aware of a filing for bankruptcy protection, it must immediately stop all collection efforts. After you file the bankruptcy petition, the court mails a notice to all the creditors listed in your bankruptcy schedules. This usually takes a couple of weeks. Creditors will also stop calling if you inform them that you filed the bankruptcy petition, and supply them with your case number. In some cases, you or your attorney should contact the creditor immediately upon filing the bankruptcy petition, especially if a lawsuit is pending. If a creditor continues to use collection tactics once informed of the bankruptcy they may be liable for court sanctions and attorney fees for this conduct.

Generally, student loans are not discharged in bankruptcy. In Taylorsville, Utah, there are two exceptions to this general rule:

1. The student loan may be discharged if it is neither – Insured or guaranteed by a governmental unit, nor made under any program funded in whole or in part by a governmental unit or nonprofit institution.

2. The student loan may be discharged if paying the loan will “impose an undue hardship on the debtor and the debtor’s dependents.” Whether an exception applies depends on the facts of the particular case and may also depend on local court decisions. Even if a student loan falls into one of the two exceptions, discharge of the loan may not be automatic. You may have to file an adversary proceeding in the bankruptcy court to obtain a court order declaring the debt discharged.

The following debts will usually fall outside of bankruptcy

• Secured Debts A secured creditor (e.g. mortgage company) will usually opt to rely on their security (the property or asset) rather than claim in bankruptcy. However they could claim for any ‘shortfall’ debt where the value of the asset is less than what they are owed.

• Benefit and Tax Credit over-payments by means of fraud Over payments of benefits and tax credits made before the date of bankruptcy will be included in the bankruptcy and cannot be recovered by other means except in the case of over-payment by means of fraud.

• Child Maintenance Liabilities from an order made in a family or domestic court, such as CSA claims for child support are outside of bankruptcy.

• Student Loans Most educational loans would not be discharged in Bankruptcy.

• Personal Injury Claims Debts from personal injury claims made against you are outside of bankruptcy.

• Fraud Debts arising from an act of fraud will not be written off as part of a bankruptcy order.

• Debts in joint names if you owe debts jointly with someone else, these will still be included in your bankruptcy. The creditor will chase the other party until the entire balance owed is repaid (or otherwise resolved).

Bankruptcy Free Consultation Taylorsville Utah

It’s not a matter of if, it’s a matter of when. Legal problems come to everyone. Whether it’s your son who gets in a car wreck, your uncle who loses his job and needs to file for bankruptcy, your sister’s brother who’s getting divorced, or a grandparent that passes away without a will -all of us have legal issues and questions that arise. So when you have a law question, call Ascent Law for your free consultation (801) 676-5506. We want to help you!

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506
Ascent Law LLC

4.9 stars – based on 67 reviews


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Taylorsville, Utah

From Wikipedia, the free encyclopedia
 
 
Taylorsville, Utah
Location in Salt Lake County and the state of Utah.

Location in Salt Lake County and the state of Utah.
Coordinates: 40°39′18″N 111°56′58″WCoordinates40°39′18″N 111°56′58″W
Country United States
State Utah
County Salt Lake
Settled 1848
Incorporated July 1, 1996
Named for John Taylor
Government

 
 • Mayor Kristie Overson
 • City Council Ernest Burgess, Anna Barbieri, Meredith Harker, Curt Cochran & Bob Knudsen
 • Presiding Judge Christopher Bown
Area

 • Total 10.85 sq mi (28.10 km2)
 • Land 10.85 sq mi (28.10 km2)
 • Water 0.00 sq mi (0.00 km2)
Elevation

 
4,295 ft (1,309 m)
Population

 (2020)
 • Total 60,448
 • Density 5,571.24/sq mi (2,151.17/km2)
Time zone UTC−7 (Mountain (MST))
 • Summer (DST) UTC−6 (MDT)
ZIP codes
84129, 84123
Area code(s) 385, 801
FIPS code 49-75360[2]
GNIS feature ID 1433206[3]
Website http://www.taylorsvilleut.gov/

Taylorsville is a city in Salt Lake CountyUtah. It is part of the Salt Lake City metropolitan area. The population was 60,448 at the time of the 2020 census. Taylorsville was incorporated from the Taylorsville–Bennion CDP and portions of the Kearns metro township on July 1, 1996. The city is located adjacent to Interstate 215 and Bangerter Highway. It is located in the middle of the Salt Lake Valley.

Taylorsville, Utah

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Reviews for Ascent Law LLC Taylorsville, Utah

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John Logan

starstarstarstarstar (5)

We've gotten divorce and child custody work from Ascent Law since the beginning because of my ex. We love this divorce firm! Staff is gentle, friendly and skilled. Tanya knows her stuff. Nicole is good and Ryan is fun. Really, all the staff here are careful, kind and flexible. They always answer all my questions, explain what they're doing and provide great legal services. I personally think they are the best for divorce in Utah.

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Jacqueline Hunting

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I have had an excellent experience with Ascent Law, Michael Reed is an absolutely incredible attorney. He is 100% honest and straight forward through the entire legal process of things, he also has a wonderful approach to helping better understand certain agreements, rights, and legal standing of matters, to where it was easy to know whats going on the entire process. I appreciate the competency, genuine effort put forth, and assistance I received from Ascent and attorney Michael Reed, and I will be calling these guys if ever I have the need again for their legal assistance! 5star review Wonderful attorneys!

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Anthony Ziegler

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This review is well deserved for Ryan and Josh. New clients should know they are worth the 5 star rating we give them. We needed 2 sessions from them because of the complexity of the matter, but they are both very passionate about his helping others in need.  My sister needed bankruptcy and I needed divorce.  Sometimes they go hand in hand but a large shout out to this team - also Nicole is one of the sweetest people you ever did meet - she offered me warm cookies!

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Thomas Parkin

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Mike Anderson and his colleagues & staff are knowledgeable, attentive and caring. In a difficult and complex case that eventually went to trial, Mike was the voice of reason and the confidence I needed. His courtroom abilities are amazing and I felt his defense of me was incredible. His quick thinking and expertise allowed for a positive result when I felt the World was crumbling. His compassion, after the case, has helped me return to a good life. I trust Mike and his staff. They are friendly and very good at what they do.

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Yeran Merry

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I worked with Attorney Alex and Paralegal Ami in my divorce case. I got to know the team very well over the course of two years. I cannot think of a better team to have worked with. Ami and Alex are not only exceptional law professions who are very knowledgeable and thorough, they are also the best human beings who empathize with the emotions I was experiencing. Alex was conscious of my budget and worked efficiently to try to reduce unnecessary legal expenses. My case also involved some dealings with a foreign country that Alex and his team had previously dealt with.  They did an amazing job addressing cultural barriers in a very respectful manner and did not fall short in quality of work or in standards when dealing with some of these new challenges. Ami deserves a medal for being extremely professional, calming, and compassionate when it is needed most.  When you need family law attorneys, call this firm. I now feel I can move forward with grace and dignity.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews


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Bankruptcy Lawyer West Jordan Utah

Bankruptcy Lawyer West Jordan Utah

You and I both know that if you are looking for a bankruptcy lawyer in West Jordan Utah you should call Ascent Law LLC.
Bankruptcy laws were passed because Congress acknowledged that it was better to give people a second chance to pay their way through life than to condemn them to penury. To file for Chapter 7 bankruptcy, speak to an experienced West Jordan Utah bankruptcy lawyer and schedule an initial consultation. Once a judge discharges your debts, you are no longer responsible for paying them. No creditor can even attempt to make you repay. You cannot be harassed—ever. However, depending on the court’s judgment, you may still be responsible for “non-dischargeable debts,” including alimony, student loans, and tax obligations. But your assets will not be wiped out. Utah allows bankrupts to keep the equity in their homes, their automobile, and their personal property.

Once the court relieves you of your debts, you have only those assets. If you are employed, your wages have to sustain you, because no bank will lend you money and no merchant will extend credit to you. Should you change jobs, any prospective employer could request your credit report and learn of your situation. However, that’s an unlikely event, so you can look for a better paying job that improves your finances.

As soon as possible, you want to restore your credit and get ahead of the game. First, correct everything in your credit reports that is false or misleading. Send corrections by certified mail, with a return receipt requested. If need be, you can later prove that the bureaus received your request. Unless corrected, bad credit information remains in your file for seven years. By law, bankruptcy stays on your record for ten years.

Chapter 13 Bankruptcy In West Jordan Utah

If you have steady income and don’t want to place yourself in the hands of a credit counselor, choosing Chapter 13 bankruptcy can restore your credit in three years. Unlike Chapter 7 applications, Chapter 13 bankruptcies still require you to pay your creditors most of what you owe them, but only over an extended time, during which they cannot harass you. You need a judge’s approval to stretch out payments, but you won’t need to pay a lawyer to make your case for you. If Chapter 13 is your choice, experts advise that you allocate no more than 25 percent of your income to debt repayment. You must list all debts with the court and show that you can pay them off in about three years. When your application is approved, you make a single payment from each paycheck to the court, which then disburses the money to your creditors. They cannot bother you or charge you additional interest for the extended repayment period. In April 2005, Congress passed, and the president signed, a law restricting those who could file for complete dismissal of their debts (Chapter 7) to persons with incomes at the median or less in their state of residence. If you earn more than the average citizen of your state, you must file for Chapter 13 instead. Moreover, the new law requires that anyone filing for bankruptcy pay for credit counseling.

The Utah bankruptcy process is complex. If you want to file for bankruptcy in Utah, seek the assistance of an experienced West Jordan Utah bankruptcy attorney. If you have a lot of debts to pay off, use bankruptcy as the last option. Try and negotiate with your creditors. If the debt is backed by a collateral, surrender the collateral. If you have exhausted all your options, consider bankruptcy filing.

The exact Utah bankruptcy process will depend on your chapter of filing. Individual debtors in Utah usually file for bankruptcy under Chapter 7 or 13. Individuals can also file under Chapter 12 but Chapter 12 is exclusively for discharging the debts of a family farmer or fisherman. The process involved in a Chapter 12 bankruptcy is more or less similar to a Chapter 13 process.

Chapter 7 Bankruptcy In West Jordan

Chapter 7 is by far the most popular bankruptcy for individuals. A Chapter 7 bankruptcy is often called liquidation because the Chapter 7 bankruptcy process is essentially a liquidation process. The Utah Chapter 7 bankruptcy process begins with the filing of the petition in a bankruptcy court. However not all individual debtors are eligible for filing a Chapter 7 bankruptcy petition. Prior to 2005 just about any individual debt could file a Chapter 7 bankruptcy. The federal government wanted to stop the misuse of Chapter 7 bankruptcy by individuals who were in a position to pay their creditors over a period of time. The bankruptcy law was amended in 2005.

Under the new law, individual debtors whose monthly income exceeds the Utah median income must undergo a Means Tests to be eligible for a Chapter 7 filing. Individual debts whose monthly income is less than the median income are automatically eligible for filing a Chapter 7 bankruptcy. The means test subtracts from the current monthly income various expenses approved by the IRS. These may be, but probably will not be, the same as the actual expenditures. Monthly payments on secured debts and priority debts are also subtracted. Priority debts include child support, alimony, taxes, and wages. If the result of this calculation is less than $100, the debtor can file a Chapter 7.

After the filing of a Chapter 7 bankruptcy petition in Utah, the court will appoint a trustee to oversee the case. The trustee’s main job is to liquidate the debtor’s non-exempt assets and pay of the debts from the sale proceeds. Once all the non-exempt assets are liquidated, the debtor will receive a discharge. This generally takes about 3 months.

A Chapter 13 bankruptcy does not involve any form of liquidation. Chapter 13 is essentially for debtors who can pay off their debts over a period of time. The debtor is a Chapter 13 bankruptcy must submit a payment plan to the court specifying how he or she intends to pay off the debts over a period of time. Most Chapter 13 payment plans are of three years. The court may sometimes approve a five year payment plan. The debtor is a Chapter 13 bankruptcy gets to keep all of his or her assets. Speak to an experienced West Jordan Utah bankruptcy lawyer to know if you can file a Chapter 13 bankruptcy petition in Utah.

Bankruptcy And Your Credit Score

If you want to remove your bad credit ratings sooner than ten years after Chapter 7, experts recommend that you write to each creditor and strike a bargain. For example, if you owed $1,000 to a furniture company before having that debt discharged by the court, consider offering the store $200 on the understanding (in writing) that the merchant will remove the bad debt notice altogether from your report. That’s not bribery, just a good bargain all around. The furniture store gets $200 (instead of nothing) and you get a chance to start over with a good credit rating. If you have many creditors and little cash, that course may not be feasible. In that case, disregard your bad credit report and start establishing a good one:
Establish a savings account in a bank or credit union and make small but regular contributions to it.

Then go to a loan officer in the same institution and ask to borrow an amount equal to your savings on the understanding that your loan will be secured by your savings account. Make sure that the loan is reported to the credit bureau.

Then take the borrowed money and open a savings account in another bank, making it collateral for another loan there. Now you have two savings accounts. Of course, you’re paying interest on your two loans, but your regular payments prove that you’re trustworthy. You’re rebuilding credit.
Apply for a VISA or MasterCard, using one of your savings accounts as collateral. Often, a bank will offer you a credit line of 150 percent of your savings balance. With a $1,000 passbook savings account, you have a credit card with a $1,500 spending limit. But here’s a warning: apply for these cards directly, not through a middleman.

Resume use of any accounts that you did not include in your bankruptcy application—those that had a zero balance when you filed for protection. There is no reason why these former creditors would know, or think to ask, about your financial condition. As far as they’re concerned, you’ve always been solvent.

Now, keep up with your payments. Practically speaking, you’re solvent.
But here’s another warning: many Americans emerging from Chapter 7 bankruptcy find their mailboxes filled with offers of new “preapproved” credit cards, which can appear to be manna from heaven. The credit card companies actually target bankrupts with these offers, knowing that any unpaid balances run up on the new cards do not have bankruptcy protection but must be paid in full with accumulated interest. These cards can charge upward of 15 percent interest on unpaid balances. To default on such cards could mean jail time.

As you are surely aware, however, families break up over money, so it may be better to ask a friend rather than a relative to co-sign with you on a loan. If you don’t have a co-signer, you can still probably purchase a car on credit, but your required down payment will be larger. So, too, will be the interest on your loan.

What about a new start on housing while you’re still under the cloud of bankruptcy? Assuming that you can afford the payments, you can still rent a house or apartment if you explain your situation to the landlord before he or she sees your credit report. Then offer a larger than usual security deposit. That’s free money to any landlord, and landlords can evict you before they are out of pocket on your rent.

If you are in the market to buy a house or condo, start with the bank where you’ve established a savings account and taken out a loan. If the loan officer still rates you as too great a risk, try your credit union. Credit unions tend to be more liberal with auto loans and can be understanding about home loans as well. At worst, you’ll be required to provide a larger than usual down payment and to pay somewhat higher interest. But, after a few payments, your credit will be restored, and later you can refinance at a lower rate.

You can apply for a Federal Housing Authority (FHA) mortgage loan within just one year after your bankruptcy discharge; you need only a modest down payment, and you can enjoy market interest rates. If you are a veteran, you can apply for a mortgage with no money down. If you’re not a veteran, you can still assume an existing Veterans Administration loan on the home that you want.

Every year, more Americans file for bankruptcy than graduate from college. Rest assured, the bankrupt are not all poor people. Many are middle-class Americans with steady jobs who are simply spending way beyond their means. Stand in a checkout line and note how many people pay by check, using a credit card only for identification. There’s a reason why anyone would use a credit card in such a strange way. Because they’ve exceeded their credit limit; their card is no longer good for anything except as identification.
In dire cases, bankruptcy is a sensible and welcome option. At the very least, it allows you to consolidate your debts and pay them off slowly so that you don’t starve and won’t be bothered by creditors. At best, all of your debts will be forgiven and you can start afresh. Either way, however, your credit rating suffers for a time, so it’s better to discipline your spending now rather than have the courts and credit agencies do it later.

Speak to Experienced Utah Bankruptcy Attorney

If you are considering bankruptcy, you should first speak to an experienced West Jordan Utah bankruptcy lawyer. Bankruptcy is not for everyone. Sometimes you may have alternatives to bankruptcy. The attorney will review your circumstances and advise you of your options.

West Jordan Utah Bankruptcy Attorney Free Consultation

When you need to stop a garnishment, stop a foreclosure, keep your car or your home, please call Ascent Law LLC (801) 676-5506 for your Free Consultation. We can help you with chapter 7 bankruptcy. Chapter 13 Bankruptcy. Return Of Repossessed Cars. Chapter 9 Bankruptcy. Chapter 11 Bankruptcy. Chapter 12 Bankruptcy. Meetings of Creditors. And Much More. We want to help you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews


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West Jordan, Utah

From Wikipedia, the free encyclopedia
 
 
West Jordan, Utah
City
Location in Salt Lake County and the state of Utah

Location in Salt Lake County and the state of Utah
Coordinates: 40°36′23″N 111°58′34″WCoordinates40°36′23″N 111°58′34″W
Country United States
State Utah
County Salt Lake
Settled 1848
Incorporated 1941
Named for Jordan River
Government

 
 • Mayor Dirk Burton [1]
Area

 • Total 32.33 sq mi (83.73 km2)
 • Land 32.33 sq mi (83.73 km2)
 • Water 0.00 sq mi (0.00 km2)
Elevation

 
4,373 ft (1,333 m)
Population

 (2020)
 • Total 116,961
 • Density 3,617.72/sq mi (1,396.88/km2)
Time zone UTC−7 (Mountain (MST))
 • Summer (DST) UTC−6 (MDT)
ZIP codes
84081, 84084, 84088
Area code(s) 385, 801
FIPS code 49-82950[3]
GNIS feature ID 1434086[4]
Website www.westjordan.utah.gov

West Jordan is a city in Salt Lake County, Utah, United States. It is a suburb of Salt Lake City and has a mixed economy. According to the 2020 Census, the city had a population of 116,961,[5] placing it as the third most populous in the state.[6] The city occupies the southwest end of the Salt Lake Valley at an elevation of 4,330 feet (1,320 m). Named after the nearby Jordan River, the limits of the city begin on the river’s western bank and end in the eastern foothills of the Oquirrh Mountains, where Kennecott Copper Mine, the world’s largest man-made excavation, is located.

Settled in the mid-19th century, the city has developed into its own regional center. As of 2012, the city has four major retail centers; with Jordan Landing being one of the largest mixed-use planned developments in the Intermountain West.[7] Companies headquartered in West Jordan include Mountain America Credit Union, Lynco Sales & Service, SME Steel, and Cyprus Credit Union. The city has one major hospital, Jordan Valley Medical Center, and a campus of Salt Lake Community College.

City landmarks include Gardner Village, established in 1850, and South Valley Regional Airport, formerly known as “Salt Lake Airport #2”. The airport serves general aviation operations as well as a base for the 211th Aviation Regiment of the Utah Army National Guard flying Apache and Black Hawk helicopters.

West Jordan, Utah

About West Jordan, Utah

Bus Stops in West Jordan, Utah to Ascent Law LLC

Bus Stop in Redwood Rd @ 8739 S West Jordan, Utah to Ascent Law LLC

Bus Stop in West Jordan City Center Stn (Bay A) West Jordan, Utah to Ascent Law LLC

Bus Stop in 7800 S @ 2320 W West Jordan, Utah to Ascent Law LLC

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Bus Stop in South Jordan Pky (10400 S) @ 4518 W West Jordan, Utah to Ascent Law LLC

Bus Stop in Redwood Rd @ 7521 S West Jordan, Utah to Ascent Law LLC

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Bus Stop in Redwood Rd @ 8001 S West Jordan, Utah to Ascent Law LLC

Map of West Jordan, Utah

Driving Directions in West Jordan, Utah to Ascent Law LLC

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Reviews for Ascent Law LLC West Jordan, Utah

Ascent Law LLC Reviews

John Logan

starstarstarstarstar (5)

We've gotten divorce and child custody work from Ascent Law since the beginning because of my ex. We love this divorce firm! Staff is gentle, friendly and skilled. Tanya knows her stuff. Nicole is good and Ryan is fun. Really, all the staff here are careful, kind and flexible. They always answer all my questions, explain what they're doing and provide great legal services. I personally think they are the best for divorce in Utah.

Ascent Law LLC Reviews

Jacqueline Hunting

starstarstarstarstar (5)

I have had an excellent experience with Ascent Law, Michael Reed is an absolutely incredible attorney. He is 100% honest and straight forward through the entire legal process of things, he also has a wonderful approach to helping better understand certain agreements, rights, and legal standing of matters, to where it was easy to know whats going on the entire process. I appreciate the competency, genuine effort put forth, and assistance I received from Ascent and attorney Michael Reed, and I will be calling these guys if ever I have the need again for their legal assistance! 5star review Wonderful attorneys!

Ascent Law LLC Reviews

Anthony Ziegler

starstarstarstarstar (5)

This review is well deserved for Ryan and Josh. New clients should know they are worth the 5 star rating we give them. We needed 2 sessions from them because of the complexity of the matter, but they are both very passionate about his helping others in need.  My sister needed bankruptcy and I needed divorce.  Sometimes they go hand in hand but a large shout out to this team - also Nicole is one of the sweetest people you ever did meet - she offered me warm cookies!

Ascent Law LLC Reviews

Thomas Parkin

starstarstarstarstar (5)

Mike Anderson and his colleagues & staff are knowledgeable, attentive and caring. In a difficult and complex case that eventually went to trial, Mike was the voice of reason and the confidence I needed. His courtroom abilities are amazing and I felt his defense of me was incredible. His quick thinking and expertise allowed for a positive result when I felt the World was crumbling. His compassion, after the case, has helped me return to a good life. I trust Mike and his staff. They are friendly and very good at what they do.

Ascent Law LLC Reviews

Yeran Merry

starstarstarstarstar (5)

I worked with Attorney Alex and Paralegal Ami in my divorce case. I got to know the team very well over the course of two years. I cannot think of a better team to have worked with. Ami and Alex are not only exceptional law professions who are very knowledgeable and thorough, they are also the best human beings who empathize with the emotions I was experiencing. Alex was conscious of my budget and worked efficiently to try to reduce unnecessary legal expenses. My case also involved some dealings with a foreign country that Alex and his team had previously dealt with.  They did an amazing job addressing cultural barriers in a very respectful manner and did not fall short in quality of work or in standards when dealing with some of these new challenges. Ami deserves a medal for being extremely professional, calming, and compassionate when it is needed most.  When you need family law attorneys, call this firm. I now feel I can move forward with grace and dignity.

Bankruptcy Lawyer Bountiful Utah

Bankruptcy Lawyer Bountiful Utah

When you are in the midst of deciding whether or not to file for bankruptcy, it can be an extremely stressful time. You may not be able to take proper decisions. That’s why you need someone to guide you. Speak to experienced Bountiful Utah bankruptcy lawyer if you are considering filing for bankruptcy. Utah bankruptcy laws are complex. One of the first things that you need to do when you are considering bankruptcy is choosing the right chapter. Depending on your specific circumstances and your debts, you may be eligible to file for bankruptcy protections under one of the various bankruptcy chapters. Individual debtors generally file for bankruptcy protection under Chapter 7 or Chapter 13. Bankruptcy can help you get most debts wiped out. Once the debts are discharged in bankruptcy, you are no longer legally liable for them. There is nothing the creditor can make you do. The debt does not exist anymore.

Chapter 7

A Chapter 7 bankruptcy proceeding is the most common form of individual bankruptcy. This is ideal if you do not have much assets that you want to protect. You have to pass the Bankruptcy means test to qualify to file under Chapter 7. Means test is a complex process. Let an experienced Bountiful Utah bankruptcy lawyer check to see if you pass this test. If you do not qualify under Chapter 7, your experienced Bountiful Utah bankruptcy lawyer will explain your options. You may be able to file for bankruptcy under other chapters and get your debts discharged.

Chapter 7 bankruptcy is essentially a liquidation proceeding. Liquidation is the legally process in which the assets of the owner are sold to pay off the creditors. So when you file a Chapter 7 bankruptcy proceedings, your assets will be sold and the money received from the sale will be used to pay off your creditors. All your assets will not be sold. Some assets are exempt and you will be allowed to keep such assets. Speak to an experienced Bountiful Utah bankruptcy lawyer to know which of your assets are exempt from a Chapter 7 bankruptcy in Utah. The bankruptcy trustee cannot touch the exempt assets. If you believe the trustee has taken over an exempt asset, get in touch with an experienced Bountiful Utah bankruptcy lawyer. The attorney can get the exempt asset released from the trustee.

Once you file a bankruptcy petition in Utah, the bankruptcy court will appoint a trustee to oversee your case. It’s the responsibility of the bankruptcy trustee to sell your assets and pay off your creditors. Once your file for protection under Chapter 7 in Utah, a bankruptcy trustee is appointed for your non-exempt assets. You can no longer do as you please with these assets. They are now under the control of the trustee. If you sell or deal with these non-exempt assets once the trustee has been appointed in your bankruptcy case, you can be in big trouble. Always hire the services of an experienced Bountiful Utah bankruptcy lawyer when you are filing for bankruptcy. Even minor unintentional mistakes can prove costly. Don’t take chances. Be safe. Speak to an experienced Bountiful Utah bankruptcy lawyer before you sell or deal with any assets during bankruptcy.

Chapter 13

If you do not qualify for Chapter 7, you can file under Chapter 13. Chapter 13 bankruptcy is also known as reorganization. This type of bankruptcy is ideal for individuals who have a source of income and have many assets that they do not want to lose in bankruptcy. The debtor in a Chapter 13 bankruptcy gets to keep his assets during the bankruptcy. In a Chapter 13 bankruptcy, you essentially pay off your creditors over a period of time under a court supervised payment plan. The plan must be submitted to the court. The plan must be prepared by you. An experienced Bountiful Utah bankruptcy lawyer can assist you prepare your repayment plan. The plan must be approved by the creditors. Sometimes the creditors may oppose the plan. In such cases, your bankruptcy attorney will deal with the opposition.
This Chapter is ideal for individuals with high valued assets. However, you must have a steady source of income to make the payments under the reorganization plan.

Before filing bankruptcy

Before you file for bankruptcy in Utah, consult with an experienced Bountiful Utah bankruptcy lawyer. The time just before filing for bankruptcy can be a very stressful one. Bankruptcy is a complicated process. Having an experienced Bountiful Utah bankruptcy lawyer assist you can make the process less stressful. You must provide your experienced Bountiful Utah bankruptcy lawyer with all the information he requires to file your bankruptcy. You should have the following information ready:

1. A full list of the debts you owe including the amount

2. Details of all the assets you own

3. All your property documents – deeds, titles, etc

4. Your tax returns for the previous three years

5. Details of all court ordered payments which are still pending to be paid or which have been partly paid

6. Any court orders passed against you

7. Child support payments that you are required to pay

8. All loan paper work

9. Details of your retirement account

10. Details of joint accounts

Bankruptcy law does not say that the debtor must be represented by an attorney. You can file for bankruptcy without an experienced Bountiful Utah bankruptcy lawyer. But you will be doing so at your own risk. Filing alone can be time consuming and confusing. An experienced Bountiful Utah bankruptcy lawyer can advise you on the various bankruptcy chapter and how you can get your debts discharged, the laws of Utah that will affect your bankruptcy filing and how to deal with your creditors till the time your bankruptcy petition is filed. The attorney will only be too happy to answer all your questions on bankruptcy and how you can get your debts discharged.

Creditors meeting

In a personal bankruptcy proceeding, the only time the debtor will be required to visit the bankruptcy court is for the creditor meeting. The bankruptcy trustee appointed by the bankruptcy court to oversee your bankruptcy proceedings will schedule this meeting. You must attend this meeting. This is the only time you will come face to face. Some of your creditors will question you. Never go to a creditor meeting without your experienced Bountiful Utah bankruptcy lawyer by your side. Let your experienced Bountiful Utah bankruptcy lawyer answer all the questions. Do not speak unless you have been asked to do so by your lawyer. The meeting will usually last less than 15 minutes.

During Bankruptcy

In a Chapter 7 bankruptcy you will have no control over your non-exempt assets. The trustee will take over your assets and they will be sold and your creditors paid off from the proceeds. If you have sold off any high value assets just before bankruptcy, the bankruptcy court can investigate the sale. It is therefore very important that you disclose all such sale transactions to your experienced Bountiful Utah bankruptcy lawyer before you file for bankruptcy. The attorney will then advise you on the steps to be taken.

In a Chapter 13 bankruptcy, you retain all your assets. However, do not indulge in any high value purchase or luxury spending. Your financial dealings will be closely scrutinized. Your creditors may point out to your new purchase and request the court that the payment plan be reworked. Speak to an experienced Bountiful Utah bankruptcy lawyer before you make a high value purchase or if you are likely to receive a hike in your income during the pendency of your Chapter 13 bankruptcy.

Cost of Bankruptcy in Utah

The total cost of filing for bankruptcy in Utah will vary depending on your Chapter of filing. The filing fee, which the debtor has to pay to the court is $335. However, there could be other expenses. Speak to an experienced Bountiful Utah bankruptcy lawyer to know the cost of filing for bankruptcy in Utah. No experienced Bountiful Utah bankruptcy lawyer will be in a position to quote a fee over the phone without meeting you in person and going through your papers. But the attorney fee is something you should never try to compromise on. You may end up having to pay more later.

Alternatives to Bankruptcy

An experienced Bountiful Utah bankruptcy lawyer will review your circumstances and let you know if there are viable alternatives. There may be alternatives but the question to be asked is “is the alternative a viable alternative?” A viable alternative is one that can work. For example, an alternative could be renegotiation. However, the creditor may ask for a lump sum payment upfront. This is not a viable alternative. Don’t get carried away by websites and advertisements that offer alternatives to bankruptcy. An experienced Bountiful Utah bankruptcy lawyer is the best person who can tell you if you indeed have a viable alternative to bankruptcy. If the lawyer feels you should try the alternative, you may indeed be better off choosing the alternative.

Credit Repair

Bankruptcy will adversely affect your credit. This in turn will affect your chances of getting credit after a bankruptcy discharge. When you get a bankruptcy discharge, speak to you experienced Bountiful Utah bankruptcy lawyer to know how you can repair your credit. The lawyer will advise you or may refer you to a reliable credit repair organization. There are many out there who are waiting to make a quick buck. You may come across advertisements or emails offering to remove the bankruptcy from your credit report for a fee. There is no way they can do that. A Chapter 7 bankruptcy remain on your credit report for 10 years while a Chapter 13 bankruptcy remains on your credit report for 7 years. Bankruptcy will also adversely affect your credit score. An experienced Bountiful Utah bankruptcy lawyer can advise you on how you can build your credit score post bankruptcy. A good credit is very important.

Hire legal help

The fees shouldn’t be the only criteria for selecting a Bountiful Utah bankruptcy lawyer. Hiring the lawyer who quotes the lowest fee is probably the biggest mistake you will be making. Remember bankruptcy filing is an emotionally stressful time. You need an honest and experienced Bountiful Utah bankruptcy lawyer. Integrity and experience should be the main criteria for selection of a bankruptcy lawyer in Utah. When you meet a bankruptcy lawyer in Utah, it is always a good thing to ask for verifiable references. Talk to the references. This will help you. Also make sure the attorney is qualified to practice law in Utah.

There are many reasons why you should hire an experienced Bountiful Utah bankruptcy lawyer. First of all bankruptcy law is complex. For a bankruptcy lawyer, bankruptcy filing is what he does for a living. He is a professional. This is what he does. On the other hand, for you it may even be the first time you are getting involved with the court process. It can be intimidating. Not to mention the stress. All this can be a recipe for disaster.

An experienced Bountiful Utah bankruptcy lawyer understands that taking the decision to file for bankruptcy isn’t easy. He knows what you are going through and will do everything necessary to make you feel at ease. It is his job to make sure that you file under the right chapter and submit all required forms and schedules to the court. He will accompany you to the creditors meeting and answer the questions for you. He will co-ordinate with the bankruptcy trustee appointed in your case. He will only be too happy to answer your questions during your bankruptcy. Remember it may be a personal bankruptcy for you but to succeed, you need to work as a team with your experienced Bountiful Utah bankruptcy lawyer. Do not conceal any facts from your Utah bankruptcy attorney. Disclose all information that you feel is important to your case. Remember he is your attorney and will not disclose what you say to him. The information that you provide your attorney is protected by attorney client privilege.

Bountiful Utah Bankruptcy Lawyer Free Consultation

When you have questions about bankruptcy or when you know you’re ready to file, please call Ascent Law at (801) 676-5506 for your free consultation. We want to help you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews


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Bountiful, Utah

From Wikipedia, the free encyclopedia
 
 
Bountiful, Utah
Mueller Park Trail a popular hiking trail located in Bountiful,Utah

Mueller Park Trail a popular hiking trail located in Bountiful,Utah
Location in Davis County and the State of Utah.

Location in Davis County and the State of Utah.
Coordinates: 40°52′47″N 111°52′18″WCoordinates40°52′47″N 111°52′18″W
Country United States
State Utah
County Davis
Settled September 27, 1847
Incorporated 1892
Founded by Perrigrine Sessions
Named for Bountiful (Book of Mormon)
Government

 
 • Mayor Kendalynn Harris
Area

 • Total 13.22 sq mi (34.23 km2)
 • Land 13.19 sq mi (34.17 km2)
 • Water 0.02 sq mi (0.06 km2)
Elevation

4,797 ft (1,462 m)
Population

 (2010)
 • Total 42,552
 • Estimate 

(2019)[3]
43,981
 • Density 3,333.41/sq mi (1,287.07/km2)
Time zone UTC−7 (MST)
 • Summer (DST) UTC−6 (MDT)
ZIP code
84010, 84011
Area codes 385, 801
FIPS code 49-07690[4]
GNIS feature ID 2409885[2]
Website http://bountifulutah.gov

Bountiful is a city in Davis CountyUtah. As of the 2010 census, the city population was 42,552, a three percent increase over the 2000 figure of 41,301. The city grew rapidly during the suburb growth of the late 1940s, 1950s, and 1960s and was Davis County’s largest city until 1985, when it was surpassed by Layton. Bountiful is Utah’s 15th-largest city.

Although a part of the Ogden–Clearfield metropolitan area, it serves as a bedroom community to Salt Lake City and the surrounding area. However, due to the very narrow entrance into Salt Lake County, roads between the counties often reach near-gridlock traffic during rush hour. The FrontRunner commuter rail has been running since April 2008, and the Legacy Parkway was opened on September 13, 2008. These were built to help alleviate the traffic load on Interstate 15 through the Bountiful area.

Bountiful, Utah

About Bountiful, Utah

Bus Stops in Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 1 N (Bountiful) Bountiful, Utah to Ascent Law LLC

Bus Stop in Main St @ 1199 S (Bountiful) Bountiful, Utah to Ascent Law LLC

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Map of Bountiful, Utah

Driving Directions in Bountiful, Utah to Ascent Law LLC

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Reviews for Ascent Law LLC Bountiful, Utah

Ascent Law LLC Reviews

John Logan

starstarstarstarstar (5)

We've gotten divorce and child custody work from Ascent Law since the beginning because of my ex. We love this divorce firm! Staff is gentle, friendly and skilled. Tanya knows her stuff. Nicole is good and Ryan is fun. Really, all the staff here are careful, kind and flexible. They always answer all my questions, explain what they're doing and provide great legal services. I personally think they are the best for divorce in Utah.

Ascent Law LLC Reviews

Jacqueline Hunting

starstarstarstarstar (5)

I have had an excellent experience with Ascent Law, Michael Reed is an absolutely incredible attorney. He is 100% honest and straight forward through the entire legal process of things, he also has a wonderful approach to helping better understand certain agreements, rights, and legal standing of matters, to where it was easy to know whats going on the entire process. I appreciate the competency, genuine effort put forth, and assistance I received from Ascent and attorney Michael Reed, and I will be calling these guys if ever I have the need again for their legal assistance! 5star review Wonderful attorneys!

Ascent Law LLC Reviews

Anthony Ziegler

starstarstarstarstar (5)

This review is well deserved for Ryan and Josh. New clients should know they are worth the 5 star rating we give them. We needed 2 sessions from them because of the complexity of the matter, but they are both very passionate about his helping others in need.  My sister needed bankruptcy and I needed divorce.  Sometimes they go hand in hand but a large shout out to this team - also Nicole is one of the sweetest people you ever did meet - she offered me warm cookies!

Ascent Law LLC Reviews

Thomas Parkin

starstarstarstarstar (5)

Mike Anderson and his colleagues & staff are knowledgeable, attentive and caring. In a difficult and complex case that eventually went to trial, Mike was the voice of reason and the confidence I needed. His courtroom abilities are amazing and I felt his defense of me was incredible. His quick thinking and expertise allowed for a positive result when I felt the World was crumbling. His compassion, after the case, has helped me return to a good life. I trust Mike and his staff. They are friendly and very good at what they do.

Ascent Law LLC Reviews

Yeran Merry

starstarstarstarstar (5)

I worked with Attorney Alex and Paralegal Ami in my divorce case. I got to know the team very well over the course of two years. I cannot think of a better team to have worked with. Ami and Alex are not only exceptional law professions who are very knowledgeable and thorough, they are also the best human beings who empathize with the emotions I was experiencing. Alex was conscious of my budget and worked efficiently to try to reduce unnecessary legal expenses. My case also involved some dealings with a foreign country that Alex and his team had previously dealt with.  They did an amazing job addressing cultural barriers in a very respectful manner and did not fall short in quality of work or in standards when dealing with some of these new challenges. Ami deserves a medal for being extremely professional, calming, and compassionate when it is needed most.  When you need family law attorneys, call this firm. I now feel I can move forward with grace and dignity.

My Credit Card Company Is Suing Me

You’ve received a summons and complaint, your credit card company has filed a lawsuit. What to do now? Should you file for bankruptcy?

My Credit Card Company Is Suing Me

First, understand that credit card debt is a type of unsecured debt, meaning that if you can’t make payments, your credit card company cannot come after your personal property right away. In order to come after your assets, they must first sue and obtain a judgment, which is a court document stating a valid debt is owed and which gives the creditor the right to pursue assets of the debtor to satisfy it.

The extent to which a judgment creditor can pursue a consumer is a function of state law, with each state granting creditors slightly different options for pursuing judgments. Read on for what happens if a credit card company sues you, and how bankruptcy and debt settlement options may help.

When a Credit Card Company Sues You, They Want a Judgment

Why is my credit card company suing me? Because they want a judgment.

If the debt owed is valid (which it usually is), it is likely that the credit card company will be able to obtain a judgment for the full amount that is past due — although there are credit card lawsuit defenses that can be raised.

This is not because the credit card companies have a team of star litigators on the payroll. No, it’s because debtors usually do nothing when faced with a lawsuit. It is a rare debtor that will file an answer to a complaint to dispute even a valid debt. This allows the credit card company to win the lawsuit by default.

Why is this important?

As mentioned above, the judgment is the court’s determination that the debt is due. In most states, obtaining this validation of the debt from the court system is a condition that must be met before the credit card company can attempt to change its position from unsecured creditor to secured creditor. In other words, they sue to obtain a judgment, which allows them to come after your property or income in satisfaction of the debt.

The judgment will be recorded in the county where you live. From there, the credit card company can go forward with a bank levy or wage garnishment. Your credit card company may even put a lien on your real estate.

What will bankruptcy do in a credit card lawsuit?

Bankruptcy (either Chapter 7 or Chapter 13) puts a stop to any collection proceedings, including lawsuits, through the power of the automatic stay. Your creditors will be notified of the stay, so any wage garnishments or foreclosure actions also will stop.

Filing for Chapter 7 bankruptcy also can eliminate the personal liability associated with the judgment, which will clear your obligation to pay the debts. However, be aware that once a judgment attaches as a lien on your property, it will be harder to get rid of. For this reason, it is not a good idea to wait too long to act once a collections proceeding has been initiated against you.

You will not be able to sell the property until the lien is paid or removed, and in some cases, the creditor may sell the property to pay the lien. If the property is exempt (e.g., your house or car), that lien can be removed pursuant to 11 U.S.C. Sec. 522(f).

This is not part of the ordinary bankruptcy procedure. While your bankruptcy is open, you must request your attorney to file a Complaint to Avoid Lien, such as this example in Utah; there is typically an extra charge for such an action.

Should I do debt settlement or bankruptcy?

In some cases, being sued by a credit card company can be a positive thing as you or your attorney can call the firm on the other side of the suit and negotiate a large reduction in the balance you owe. Often, debt settlement negotiation can help the debtor avoid bankruptcy as well as an unpleasant judgment.

However, debt settlement is an industry wrought with scams. Most companies require you go further in default while saving up to pay off creditors. While you save, creditors can take action. There also may be tax consequences associated with debt settlement.

The bottom line is this: if you’ve been sued by a credit card company, call an attorney right away to explore your options. Ignoring the lawsuit will only play into the hands of your creditors — which is exactly what the credit card company is banking on.

Free Consultation with Utah Bankruptcy Lawyers

If you have a bankruptcy question, or need to file a bankruptcy case, call Ascent Law now at (801) 676-5506. Attorneys in our office have filed over a thousand cases. We can help you now. Come in or call in for your free initial consultation.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews


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Can Credit Card Companies Take Your House?

Credit card debt, unlike mortgage debt, is unsecured debt. This means your credit card company can’t come immediately take your stuff — including your home or car — when you don’t pay.

Having said that, if you fall behind on credit cards, your lender will quickly try to transition from an unsecured creditor, who can’t take your stuff, to a secured creditor who can. The goal of credit card lawsuits is to strengthen the lender’s collection position. Once an unsecured creditor obtains a judgment, they can then attach your non-exempt property in satisfaction of past-due debts. Let’s break down each step in the process.

Can Credit Card Companies Take Your House

You fall behind on credit card bills. Now what?

First, you fall behind on your credit card bills. No lender is going to sue you after a few missed payments, but they’ll definitely start calling. If the collection calls don’t work, there is a decent chance that the credit card company or a debt collector will eventually file a lawsuit. A debt collector is a person or business whose primary purpose is to collect debts, and include collection law firms. As original creditors, a bank or credit card company’s primary purpose is not to collect debt, and so are not regulated under the same federal law.

Your debt collector files a lawsuit against you.

You’ll receive a summons and complaint when a credit card company files a lawsuit against you. Of course, you have the option of defending against the lawsuit if you don’t actually owe the debt or if you have some other defense against payment. Don’t necessarily take it for granted that you owe. Some collectors will try to illegally resurrect zombie debt. If you owe the debt and don’t file an answer to the lawsuit, and most people don’t, the court will enter what is known as a default judgment. The judgment is a court decree stating you owe the debt and that the credit card company has the right to take some of your assets to satisfy it. Now they have the right to come after your stuff, but exactly what can they take?

Your debt collector comes after your stuff.

What a debt collector can take will depend on your state’s exemption laws. If you need a quick and dirty summary, it’s best to think of exemptions as laws that shield your property from creditors, both inside and outside of bankruptcy.

Generally speaking, each state has enacted its own exemption laws and a good consumer lawyer in your state will be happy to walk you through how they work.

How do property exemptions work?

Need an example? Let’s look at Texas. Assuming the property meets certain criteria, the Texas homestead exemption allows residents to exempt the entire value of their home from creditors. This means that, no matter how much you owe, you won’t lose your house because of debt in Texas. The Texas homestead exemption is generous.

Perhaps another state has a car exemption that allows you to protect up to $4,500 in a single car. If you have equity in your car above that, a judgment creditor may be able to sell it to get at the non-exempt equity. As a practical matter, there are costs associated with selling property at auction and creditors are often willing to settle for cash rather than go through with the sale.

Filing for bankruptcy will stop a lawsuit.

Well, there you have it. Whether a credit card company can take your stuff after non-payment depends on whether they’ve obtained a judgment by filing a lawsuit and the size of your state’s property exemptions.

If you are facing a credit card lawsuit, it’s always best to call a lawyer. Also be aware that filing for bankruptcy will eliminate your credit card debt and stop a lawsuit, even if it’s already been filed.

Free Consultation with a Utah Bankruptcy Lawyer

If you have a bankruptcy question, or need to file a bankruptcy case, call Ascent Law now at (801) 676-5506. Attorneys in our office have filed over a thousand cases. We can help you now. Come in or call in for your free initial consultation.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews


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If I File Bankruptcy, Do I have to Go to Court?

For most people, lawyers and lawsuits conjure up images of wood-paneled courtrooms with scary judges presiding over heated exchanges. “ORDER IN THE COURT! OBJECTION, YOUR HONOR!” Many bankruptcy clients are concerned that a judge will be reviewing and second-guessing their petition.

If I File Bankruptcy Do I have to Go to Court

This concern is usually unwarranted. In the vast majority of cases, debtors never step foot in a courtroom and do not appear before a judge.

Here’s what you need to know about filing for bankruptcy and what will be expected of you.

The 341 Meeting of Creditors

Debtors are required to attend what is known as the meeting of creditors or section 341 meeting, a proceeding at which the debtor testifies under oath that the information contained in their bankruptcy filing is accurate.

In many jurisdictions, the 341 meeting doesn’t even take place in the courthouse. It might be across the street or nearby the federal court. Your bankruptcy trustee (not a judge) will preside over the meeting of creditors, but don’t worry, your bankruptcy attorney will be there to guide you through the process.

In most Chapter 7 cases, the 341 meeting is fairly painless and only lasts between 3 to 10 minutes. During that time, the trustee will ask you a series of questions about your property, debts, and financial history. Some debtors will receive very few questions; others with more complicated cases may receive more.

The key to success is being open and honest with your lawyer.

Here are five things to expect during your 341 meeting:

  1. Your attorney will attend the meeting with you, whether you filed for Chapter 7 bankruptcy or Chapter 13 bankruptcy;
  2. During the meeting, assets will be administered in a Chapter 7, and your disposable income will be verified in a Chapter 13 repayment plan;
  3. You’ll have to swear in. That means your testimony is under oath; you cannot lie, otherwise you will face severe consequences (least of which is having your bankruptcy denied);
  4. You’ll be asked if all of your financial documents are in order and accurate;
  5. In most Chapter 7 cases, no assets will be found. In Chapter 13 cases, you may be asked for additional verification of your income or expenses.

And that’s it!

When a Bankruptcy Court Appearance is Required

Although the likelihood of a court appearance is low, debtors must realize that filing for bankruptcy is more than just filling out some forms. A bankruptcy case can turn to litigation fairly quickly. Debtors may be required to appear in court when a trustee objects to one of their exemptions or the judge orders them to appear and show cause. In addition, an adversary proceeding will likely require a court appearance, as well.

Objections to Exemptions

When filing for bankruptcy, a debtor will state which of their property is exempt under bankruptcy laws. This allows the debtor to protect certain property, such as their house, car, retirement accounts, and more. However, debtors must carefully follow exemption rules in their state; in some states, you can choose between federal exemptions or state exemptions, while others only allow you to use state rules. Some states have better exemptions than others. A bankruptcy attorney will thoroughly review exemptions with you to determine which property you will be able to keep. The majority of Chapter 7 cases, if debtors qualify, will allow them to keep all their property.

Show Cause Order

A show cause order is typically used in cases of contempt, in which debtors can go to jail. Essentially, it’s used on either difficult debtors who have lied to the court, or debtors who simply forgot a step during their bankruptcy (failing to disclose assets, not providing documents to the bankruptcy trustee, etc.), who then have to show the court why their bankruptcy discharge should not be denied. While some debtors who have been given a show cause order have actually been honest, they may not have done their paperwork correctly. This happens often in pro se cases, in which a debtor tries to file bankruptcy themselves. This is when a good bankruptcy attorney needs to step in.

Adversary Proceedings

Adversary proceedings are lawsuits filed separate from your bankruptcy case, though it’s related. An adversary proceeding can be filed by anyone in a bankruptcy, including the debtor, when someone requires relief through a judge’s order.

Types of adversary proceedings include:

  • Fraudulent transfers: Bankruptcy trustees will file these if you’ve moved around any money or property in the two years leading up to your bankruptcy.
  • Preferential transfers: Bankruptcy trustees will file these if you pay back creditors more than $600 in the three months leading up to your bankruptcy, or a year in the case of family members.
  • Lien stripping: Debtors will file these during a Chapter 13 bankruptcy if they have more than one mortgage on a house.
  • Dischargeability of debt: Creditors will file these to request a debt not be discharged due to fraud of the debtor.
  • Joint property sale: A trustee can file these to split property from you and your spouse in order to sell it.
  • Objection to discharge: Trustees and creditors can file these when you’ve committed fraud or failed to comply with court order.

Free Consultation with Bankruptcy Lawyer

If you have a bankruptcy question, or need to file a bankruptcy case, call Ascent Law now at (801) 676-5506. Attorneys in our office have filed over a thousand cases. We can help you now. Come in or call in for your free initial consultation.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews


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How to Pay Off High Interest Credit Card Debt

Perhaps like many Americans your New Year’s resolution involves paying down credit card debt. After all, even the most ardent supporter of the plastic hears that little voice in the back of their head “credit card interest rates are a huge ripoff, I shouldn’t use my Visa card as much as I do.” To be sure, if you’re trying to get your financial life in order, taming high interest credit card debt is job number one. Unfortunately, many consumers get caught in the minimum monthly payment trap, leaving stagnant balances that seem to never go away. So how do you go about paying down credit card debt and getting rid of Mr. Visa once and for all?

How to Pay Off High Interest Credit Card Debt

Damage Assessment

The first step to paying off your credit card debt is to figure out the exact amount that you currently owe. It’s not until you have exact balances and the interest rates you’re being charged that you’ll know how high of a mountain you’re faced with climbing. In addition to outstanding balances, add up the monthly payment for each card and figure out how much of your income is going to credit card payments every month. Organization is key. We’ve created a simple chart to help you organize what you owe.

Break Your Dependence on Credit Cards

In other words, stop using the credit cards! The idea in starting a plan to pay down credit card debt is to attack the principal balances rather than just paying interest every month. The credit card companies want you stuck in debt, feeding them their interest every month. The only way to stop interest from increasing is to stop the balances from increasing. Put together a budget and stick to it, without using your credit cards. Often, aggressive budgeting is the fastest way out of debt. It might hurt at first, but the sense of satisfaction you’ll receive from paying off your credit card debt will far outweigh any temporary inconvenience. If you absolutely need credit cards to live, it might be time to consider filing for bankruptcy.

Pay Off One of the Cards

To gain momentum in your quest out of credit card debt, pay off the smallest card first. Completely retire one of the balances, it feels good. Some will argue that tackling the highest balances first makes sense, but momentum will play a big role in getting you out of credit card debt. Get rid of the smallest card and the rest will start to fall in line.

Pay More Than the Minimum Monthly Payment

Salt Lake City bankruptcy attorney wrote an excellent post on the National Bankruptcy Forum describing the major problems consumers face when they try to pay just the minimum on a credit card. He listed a table showing how long it takes to pay off small debts at low interest rates which we’ve included here:

$1000 balance, 18% interest, minimum payment $100 = 11 months to payoff $1000 balance, 18% interest, minimum payment $50 = 24 months to payoff $2000 balance, 18% interest, minimum payment $100 = 24 months to payoff $2000 balance, 18% interest, minimum payment $50 = 62 months to payoff $3000 balance, 18% interest, minimum payment $150 = 24 months to payoff $3000 balance, 18% interest, minimum payment $100 = 40 months to payoff $4000 balance, 18% interest, minimum payment $200 = 24 months to payoff $4000 balance, 18% interest, minimum payment $150 = 34 months to payoff $5000 balance, 18% interest, minimum payment $200 = 32 months to payoff $5000 balance, 18% interest, minimum payment $150 = 47 months to payoff $5000 balance, 18% interest, minimum payment $100 = 93 months to payoff

As John points out in his article, these figures don’t even factor in administrative or late fees which can add up quickly! The bottom line is that minimum monthly payments on credit cards usually represent interest only, the underlying balances aren’t touched by making these payments. To actually get out of credit card debt it will be crucial to pay more than the minimum monthly payment, there’s simply no other way.

Transfer Debt to Lower Interest Cards

As the table above demonstrates, the credit card companies kill you with high interest rates. As we’ve established, if you’re trying to get out of debt, paying the minimum won’t do. Instead, try transferring balances from one lower interest card to another, and keep doing it as opportunities arise. Many banks offer promotional “teaser” rates to induce consumers to open a line of credit. If you pay enough attention to deadlines, you can move your credit card balances around to banks offering the lowest rate, this will cut down on some of the money you’re throwing away on interest.

Negotiate With The Bank

Many lenders are open to settling past-due credit card bills for less than the full amount owed and a good consumer attorney can aid in negotiating with your credit card lender as a way to avoid bankruptcy. How is this possible? Once a loan goes into default for long enough, lenders no longer carry it on their books as a performing asset. In cases where a consumer has fallen behind for many months, recovering anything at all may be considered gravy by the credit card lender. This doesn’t mean your lender will be a push over, they’ll likely ask that you produce financial information as part of the negotiation process, but to the extent you have some cash to throw at the problem, you might be able to get out of debt for far less than what you owe. In these cases, the amount of debt forgiven will be taxed as income come April. For more information, see: Tax Consequences of Forgiven Debt.

Know When to Look for Help

If you fallen behind on your credit card bills or need credit cards to purchase basic necessities such as groceries and gas, it may be wise to meet with a bankruptcy attorney. Although options outside of bankruptcy should always be explored, filing for bankruptcy protection will eliminate credit card debt as well as medical bills.

Free Consultation with Bankruptcy Lawyer

If you have a bankruptcy question, or need to file a bankruptcy case, call Ascent Law now at (801) 676-5506. Attorneys in our office have filed over a thousand cases. We can help you now. Come in or call in for your free initial consultation.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

Ascent Law LLC

4.9 stars – based on 67 reviews


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Lawyers Salt Lake City

lawyers salt lake city

If you find yourself in a situation where you are faced with an impending legal action in Salt Lake City, Utah; you should call the lawyers at Ascent Law right away for help. We will provide you with sound legal advice that will help guide your actions going forward.

We help people in many different types of cases. Bankruptcy, Probate, Business law, Criminal law, Real Estate, Divorce, Car Accidents, Slip and Falls, IRS tax issues, Contracts and litigation.

Even whеn уоu dесidе tо buу оr ѕеll a hоuѕе, уоu mау have ԛuеѕtiоnѕ rеgаrding legal iѕѕuеѕ. Sоmеtimеѕ it’ѕ a gооd idеа tо hаvе аn аttоrnеу рrеѕеnt for the ѕigning оf certain dосumеntѕ. Sоmеtimеѕ уоu mау just nееd ѕоmеоnе likе an attorney lооk оvеr еvеrуthing аnd make ѕurе that there aren’t any lеgаlitiеѕ thаt аrе bеing оvеrlооkеd.

Yоu mау get аdviсе from a lоt a реорlе during thе hоmе buуing оr selling рrосеѕѕ. Mortgage brоkеrѕ, rеаltоrѕ аnd employees оf the title соmраnу might аll lеt уоu knоw what уоu nееd tо dо nеxt. But, keep in mind thаt nоnе оf thеѕе реорlе аrе actually qualified to givе you lеgаl аdviсе. Onlу an аttоrnеу is qualified to givе legal аdviсе. One piece of аdviсе уоu саn gеt frоm уоur brоkеr or rеаltоr iѕ an аttоrnеу rеfеrrаl. Yоu should lооk fоr аn аttоrnеу in уоur area that ѕресiаlizеѕ in real еѕtаtе lаw. If you’re lucky, you саn find аn attorney whо iѕ also a real еѕtаtе brоkеr or аgеnt. Pеорlе likе this generally kеер up with thе сhаnging laws аnd systems thаt are in рlасе tо еnѕurе that the real estate ѕаlе iѕ fair оn both sides.

Whеn уоu get уоur liѕt оf аttоrnеуѕ, call еасh оnе. Ask аnу questions that you might have and gаugе who уоu likе based on hоw thеу аnѕwеr уоur ԛuеѕtiоnѕ. Thеу probably wоn’t ѕресifiсаllу givе уоu аnѕwеrѕ, but thеу’ll bе able to tell you whаt they can dо fоr you. Aѕk hоw muсh еасh сhаrgеѕ hоurlу. Then, еxрlаin уоur ѕituаtiоn аnd whаt all уоu nееd dоnе. Get аn estimate оf hоw long аll оf thiѕ will tаkе tо gеt an idea of thе соѕt. Sоmе will сhаrgе оnе flаt fее to dо еvеrуthing that you need rеgаrding thе buying оr selling of thе property.

Sо, whаt аrе ѕоmе рrоblеmѕ thаt уоu might run into аѕ a buyer оr ѕеllеr? Thеrе are a lot оf legal dосumеntѕ tо sign during thе negotiation рhаѕе оf buуing or ѕеlling a рrореrtу. Whеn уоu’rе selling, you usually will ѕign аn аgrееmеnt with thе rеаltоr аnd thе mortgage brоkеr. Sometimes thеу will use a ѕtаndаrdizеd fоrm thаt doesn’t take into account аnу ѕресiаl circumstances. Thеу may hаvе it set uр ѕо that thеу gеt раid regardless оf whаt happens in thе рrосеѕѕ. If уоu tаkе уоur property оff оf the market оr decide to сhаngе companies, you соuld end uр ѕtill paying thе оriginаl brоkеr оr agent. Yоu соuld gеt ѕtuсk paying thеm more thаn оnе соmmiѕѕiоn оr рауing it whеn thе рrореrtу dоеѕn’t sell.

Thе bоttоm linе iѕ thаt a lоt can go wrоng fоr уоu whеn buуing or ѕеlling аnd it’ѕ bеѕt tо hаvе lеgаl representation whеn dеаling with thеѕе рrоblеmѕ thаt can рор up. You’ll need аdviсе аlоng thе way, ѕо it’ѕ рrоbаblу bеѕt tо mаkе thаt аdviсе professional advice.

Free Consultation with a Utah Attorney

If you are here, you probably have a legal issue you need help with in Salt Lake, if so, call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

Ascent Law LLC

4.7 stars – based on 45 reviews


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Bankruptcy

Bankruptcy is an extremely long and large topic. Impossible for us to outline all of the issues that can be addressed in a bankruptcy case, but this article can give you an overview and provide you with the resources that you need to find the information that you want and need. In this article, we will also provide you a list of some of the related articles about bankruptcy you will find on this website.

bankruptcy

Bankruptcy

What is Bankruptcy?

Bankruptcy is the legal process of asking the federal bankruptcy court for a discharge of your debts. Bankruptcy law is federal law and is set forth in the United States Constitution in the fourth Clause of Section 8 it states that Congress shall have power:

“To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States”

Click Here to Read the United States Constitution

Yes, believe it or not, bankruptcy is a federal right that you have and can exercise by filing a petition for bankruptcy relief with the federal bankruptcy court.

What Areas In Utah Do Your Help People With Bankruptcy?

Currently, we are helping people and businesses all over the state of Utah with bankruptcy. We can help you in these locations:

Bankruptcy Lawyer Alpine Utah

Bankruptcy Lawyer American Fork Utah

Bankruptcy Lawyer Bountiful Utah

Bankruptcy Lawyer Draper Utah

Bankruptcy Lawyer Farmington Utah

Bankruptcy Lawyer Grantsville Utah

Bankruptcy Lawyer Heber City Utah

Bankruptcy Lawyer Herriman Utah

Bankruptcy Lawyer Layton Utah

Bankruptcy Lawyer Lehi Utah

Bankruptcy Lawyer Lindon Utah

Bankruptcy Lawyer Magna Utah

Bankruptcy Lawyer Midvale Utah

Bankruptcy Lawyer Midway Utah

Bankruptcy Lawyer Morgan Utah

Bankruptcy Lawyer North Salt Lake

Bankruptcy Lawyer Ogden Utah

Bankruptcy Lawyer Orem Utah

Bankruptcy Lawyer Park City Utah

Bankruptcy Lawyer Provo Utah

Bankruptcy Lawyer Salt Lake City Utah

Bankruptcy Lawyer Sandy Utah

Bankruptcy Lawyer South Salt Lake Utah

Bankruptcy Lawyer Tooele Utah

Bankruptcy Lawyer West Jordan Utah

Bankruptcy Lawyer Woods Cross Utah

What are the chapters in Bankruptcy?

The chapters in bankruptcy are the bankruptcy code sections that are followed for the administration of your bankruptcy case. The chapters of bankruptcy are 7, 9, 11, 12, and 13.

Chapter 7

A chapter 7 bankruptcy is the most common bankruptcy case. This is also called a straight liquidation or a fresh start bankruptcy. In this case, all of your debts that can be discharged are eliminated and erased by a federal discharge order at the conclusion of your case. These cases usually take about 5 to 6 months to complete.

Chapter 9

A chapter 9 bankruptcy case is for cities and municipalities. Unless you are the mayor or governor, you don’t need to worry about this chapter so we won’t address it here.

Chapter 11

The chapter 11 bankruptcy case is typically called a business bankruptcy – but individuals can file until chapter 11 as well – it just is not very common because a chapter 11 case is very expensive to file and prosecute. Think of Sears, General Motors and Delta Airlines; all of whom have filed for chapter 11. Unless you have a business with over $2 million of dollars of value or debt, you need not worry about this chapter – if you do, give us a call to discuss your situation. We have done and do have some chapter 11 cases.

Chapter 12

The chapter 12 case is for people who farm or fish for a living. If you farm or have a fish hatchery, you qualify for a chapter 12 and we can go over the pros and cons of such a case when you meet with us.

Chapter 13

A chapter 13 bankruptcy is the second most common bankruptcy case. This is known as a wage earner’s reorganization. In a chapter 13 you make regular monthly payments to a trustee who will pay back some or all of your debts over a 3 to 5 year period. The chapter 13 must be a minimum of 3 years and a maximum of 5 years. There are some exceptions to whether you have to go for the full 3 to 5 years that we can discuss at another time, but keep in mind – you have to make monthly payments. If you can’t or don’t, you case is dismissed an you lose the benefit of filing your case.

Different Kinds of Debts in Bankruptcy

Bankruptcy courts look at debts a little differently than you might. In bankruptcy, you generally have three types of debt:

(1) secured debts;
(2) priority debts; and
(3) unsecured debts.

Secured Debts

Secured debts are debt that you owe to someone where there is collateral securing the loan. The best examples of this type of debt are a house and a car. Typically, when you purchase a car, truck or van, your lender gets what is called a purchase money security interest. This means they get a lien on your car until you pay the debt off. The lienholder information is written on the title to your car and the title is even held by the lender until the debt is paid. Once you pay off the debt, the lender certifies on the title that the loan has been paid in full.

If you file for a chapter 7 case, you have essentially 3 options: (1) you can keep the collateral and pay the secured debt; or (2) you need to surrender or give up the collateral and the debt can be discharged; or (3) you can offer to redeem the collateral or in other words pay the lender the fair market value of the collateral and keep it.

Priority Debts

Priority debts are child support, alimony, court ordered payments, taxes to the IRS or Utah State Tax commission. Typically these debts are not discharged – although some can be depending on the court order, type of debt and your specific circumstances – call us to discuss your priority debts.

Unsecured Debts

Unsecured debts are credit cards, orthodontic bills, dental bills, clothing store bills, medical bills, and other debts that are not secured by collateral and have no priority.

Will Bankruptcy get rid of my debt?

Bankruptcy only gets rid of some debts. Depending on the types of debt that you have, you may be able to get rid of all of your debts. If all of your debts are unsecured, you are good to go. If you owe student loans, child support or alimony, you can get other debts discharged but not those priority debts. The question of taxes is a tricky one. We recommend that you speak with a licensed attorney to go over these questions in detail to determine whether or not you can erase a certain debt.

Bankruptcy Can Be Complicated

In conclusion, bankruptcy is a vast topic and it can be very complicated. For hundreds of years, bankruptcy courts have made decisions and have made case law that is followed. Because the federal bankruptcy code is complex, you should have an attorney assist you in filing for bankruptcy in Utah. A qualified bankruptcy lawyer from our firm will be able to guide you to file the right chapter for you so you don’t lose your cars, your home or your other assets.

Additional Bankruptcy Articles

This is an article on tax refunds in bankruptcy.

This is an aticle about child support garnishment and how they are treated in bankruptcy cases.

Can I List My Speeding Ticket in Bankruptcy?

Can You Make The Doctor See Me Again After Bankruptcy? This and many more questions are answered on out site.

Free Bankruptcy Consultation

We offer a free initial consultation for individuals and businesses considering filing for bankruptcy. Even if you’re not sure, a consultation will help put you on the path to prepare for a bankruptcy if you need to in the future or get you on a different debt elimination plan that will work best for you in your specific situation.

Call us today at (801) 676-5506 to schedule your free, no hassle, no obligation, initial bankruptcy consultation with a licensed attorney at Ascent Law, LLC. We look forward to meeting you and helping you.

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506

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