At the law offices of S. Dee Long in Salt Lake City, Utah, we can help you get out of debt quickly and affordably. You'll be amazed how fast those annoying collections calls will stop when you hire S. Dee Long - Attorney at Law.
We specialize in Chapter 7 and Chapter 13 bankruptcy filings throughout Northern Utah. Contact us today to schedule a free initial consultation with our attorney.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy is the liquidation of non-exempt assets. It typically clears all unsecured debt, such as credit card balances, medical bills, broken residential and commercial leases, bank and personal loans, and more. All lawsuits, garnishments, and collections will also cease after filing. Filing chapter 7 is ideal if you’re not looking to keep the assets you haven’t paid in full. It is also best for low-income debtors who have little to no assets at all.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy is also known as a wage earner repayment plan. Chapter 13 bankruptcy is your best bet if you’re behind on your payments and want to keep your assets at the end of the bankruptcy process. It allows you to make overdue payments over a set period and reinstate the original mortgage agreement. It’s almost the same as a debt consolidation loan, but the payments are made to the trustee. The trustee then distributes the money for you.