Salt Lake City Bankruptcy Attorneys
Chapter 13 Bankruptcy
When facing overwhelming debt or foreclosure, but when you have a steady income and do not qualify to file under Chapter 7 because your income is too high – you have the option of a Chapter 13 bankruptcy. This may be the option you are looking for to reorganize your debt, stop foreclosure and protect your property. As with any legal action, there are definite benefits and disadvantages of Chapter 13 versus Chapter 7. A Salt Lake City bankruptcy attorney at our firm will be happy to meet with you to discuss your particular options and how a Chapter 13 bankruptcy will affect you personally.
For more information about Chapter 13 bankruptcy, please click on the links below:
About Chapter 13 in Utah
Chapter 13 bankruptcy is also commonly referred to as “reorganization” or a “wage earner’s plan”. Under Chapter 13, a debtor basically reorganizes his or her debt by working out a payment plan with the bankruptcy court wherein he or she pays part or all of his or her debts over a three to five year period. Once the payment plan is successfully completed, the debtor will then be freed from all eligible financial obligations.
Consult a Salt Lake City Chapter 13 Lawyer
At the Stone Law Firm, we are thoroughly dedicated to representing our clients’ interests and to forwarding a better, brighter financial future. Let a Salt Lake City bankruptcy lawyer at our firm review your case, answer your questions and go over your particular situation to determine whether bankruptcy may be the right option for you – and then further whether Chapter 13 is the right choice. We represent clients throughout all of Salt Lake City, Provo and Ogden, Utah.
Considering bankruptcy? Consult a Salt Lake City chapter 13 attorney at our firm today!