What is bankruptcy and when should you file bankruptcy?
It's
important to understand what bankruptcy is and what it isn't, because it may
not be right for you. In Utah, a Chapter 7 bankruptcy is available to consumers
with debt who are unable to pay the debt. It's intended to help people in this
situation get a fresh start and free themselves from their debts so they can
move on with their lives. Bankruptcy isn't an easy option, but it is a powerful
one that can help you make a clean break from debt, rather than spending years
struggling under the weight of your payments.
Bankruptcy doesn't erase all your debts— just most of them. For example, court fines, student loans, and most taxes are not erased (or discharged) in a chapter 7 bankruptcy case. You need to speak with a lawyer about whether the chapter 7 clean slate and fresh start bankruptcy are for you. This bankruptcy law firm gives free consultations - call them:
Ascent Law LLC
8833 S Redwood Rd Ste C
West Jordan UT 84088
(801) 676-5506
https://www.ascentlawfirm.com/bankruptcy/
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