1 / 11

Bankruptcy Process in Salt Lake City Utah

The type of bankruptcy you file depends on numerous factors, including whether you are an individual or a business. The four types of bankruptcies are 1). Chapter 7 Bankruptcy, 2). Chapter 11 Bankruptcy, 3). Chapter 12 Bankruptcy, 4). Chapter 13 Bankruptcy. Would you like to schedule an appointment with a bankruptcy attorney Salt Lake City? Call Justin Myers Attorney-at-Law at (801) 505-9679 today.

jmmlegal
Download Presentation

Bankruptcy Process in Salt Lake City Utah

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BANKRUPTCY PROCESS IN UTAH

  2. BANKRUPTCY PROCESS IN SALT LAKE CITY As a debtor based in Utah, there are two ways to obtain protection from your creditors. You can either file for Chapter 7 or Chapter 13 bankruptcy case. Would you like to know how one differs from the other or what are their advantages and disadvantages? To start off, choosing between Chapter 7 or Chapter 13 bankruptcy protection will greatly circumstances surrounding each debtor. rely on the individual

  3. WHAT TYPES OF BANKRUPTCIES ARE THERE? There are four types of bankruptcies, each named for their respective chapter Bankruptcy Code. The type of bankruptcy you file depends on numerous factors, including whether you are an individual or a business. The four types of bankruptcies are: in the United States

  4. CHAPTER 7 BANKRUPTCY You need time to negotiate with your lender. If you don’t wish to have the vehicle back, Chapter 7 can help you eliminate your deficiency balance. However, Chapter 7 won’t be very useful if the car was already sold. This is why it’s important you file Chapter 7 as soon as possible as it will provide you with more opportunities to negotiate. The moment you need Salt Lake City Chapter 7 Bankruptcy Attorney, creditors will have to stop bombarding you. They will need a court permission in order to pursue their collection efforts.

  5. CHAPTER 11 BANKRUPTCY Chapter 11 is very convenient for large corporations going through difficult times. Some corporations may file for bankruptcy discreetly. This is why you don’t hear much about it in the news. Although a chapter 11 case generally comes to a close within 8 months to 2 years, there is no limit on the amount of time the case may require. According to reports, about 10% out of 15% of Chapter 11 cases are successfully reorganized.

  6. CHAPTER 12 BANKRUPTCY Chapter 12 Bankruptcy is the most recent addition to the bankruptcy laws. It specifically allows “family farmers” and “family fishermen” to avoid liquidating all of their assets, or avoid foreclosure by restructuring their finances. Chapter 12 is the least common of the bankruptcy filings. That is because it only pertains to a small portion of the population. Of more than 1 million cases in 2011 less than 650 were Chapter 12 filings. That's why you need Chapter 12 Bankruptcy Attorney in Utah

  7. CHAPTER 13 BANKRUPTCY This is also an option. Chapter 13 Bankruptcy Attorney will help you force the lender to give you back your car and you pay off in the coming years. It’s also possible to reduce the balance you own and interest rate. In Chapter 13 you have to prove that your income goes to paying your debts. Only those expenses that are considered necessary can be deducted. In other words, if you own a lexus, Chapter 13 may not be a good option for you. A lowered price vehicle will be a better choice.

  8. JUSTIN MYERS ATTORNEY-AT-LAW At Justin Myers Attorney-at-Law, we will gladly discuss these legal remedies with you. You can trust us to educate you on the finer points of bankruptcy law so you can make a well-informed decision as which legal option to take. Would you like to schedule an appointment with a bankruptcy attorney Salt Lake City? Call us at (801) 505-9679 today.

  9. “ We will recommend to you the best possible recourse to achieve the most favorable outcome.

  10. Contact JUSTIN MYERS ATTORNEY-AT-LAW Phone: (801) 505-9679 Fax: 801-326-4706 SOUTH JORDAN OFFICE 1122 W. South Jordan Pkwy. Suite A South Jordan, UT 84095 https://www.jmmlegal.com/contact/

  11. Thank You…!

More Related