Salt Lake City Bankruptcy Attorneys

Business Property

If you have specific property that is related to your trade or profession, this is offered some protection under Utah Code Section 78-23-8. Under this section, an individual filing for bankruptcy is offered an exemption of implements, professional books and tools of his or her trade - valued at up to $3,500. You may have equipment that relates to your profession, tools that that you use to do your job, or professional books that relate to your practice. Utah Code offers protection for these items from liquidation, up to a total value of $3,500.

A Salt Lake City bankruptcy attorney at the Stone Law Firm can answer your questions and address your concerns as they relate to your business property in particular. If you are facing overwhelming debt and a Chapter 7 bankruptcy is the right option for you, you will need to understand exactly what protection will be afforded in regards to your business property. An attorney at our firm can address this situation during a free initial consultation, and if you retain the services of our firm we can protect your property through the life of your bankruptcy case in order to ensure that you are given the maximum exemption allowable.

Protecting Business Property in Chapter 7 Bankruptcy Cases - Salt Lake City, Utah

The Stone Law Firm represents clients in Chapter 7 and Chapter 13 bankruptcy cases throughout all of Provo, Ogden and Salt Lake City, Utah. We believe that you have the right to file for bankruptcy and get the fresh start that you need, while getting the maximum protection afforded to you to keep your business property. When you work with a lawyer at our firm, you can count on our dedicated representation and our honest legal guidance through the life of your case. We represent clients throughout all of Salt Lake City, Provo and Ogden, Utah.

Contact a Salt Lake City bankruptcy lawyer at our firm to see how we can help protect your business property in bankruptcy proceedings.