Ogden, UT’s Qualified Bankruptcy Attorneys
Porter Law Firm is available to help clients overwhelmed by debt. Our legal expertise includes professional counsel and representation for bankruptcy in Ogden, UT. Financial distress can take a toll on your life, including wage garnishing, repossessions, foreclosures, and strain on your personal relationships. We have assisted clients facing enormous debt since 2014, and our attorneys have specialized expertise in bankruptcy to protect their assets and financial futures. While filing for bankruptcy is a difficult decision that requires an extensive review of your finances, it can be the most prudent action to relieve your debt and let you start over.
Debt Relief by Filing Chapter 7 Bankruptcy
You can get a fresh start by filing Chapter 7 bankruptcy with help from Porter Law Firm. This is a liquidation bankruptcy that wipes out most of the debtor’s debt. The process involves a bankruptcy trustee who will sell off property not exempt to partially pay owed funds to creditors, which aids in eliminating most unsecured debts like credit card debt and medical debt not tied to a specific property. Some debt types, such as spousal support, child support, tax debt, and student loans, cannot be relieved by Chapter 7 bankruptcy. You also may not be able to discharge some debts you recently accumulated.
Consider Opting for Chapter 13 Bankruptcy
Chapter 13 bankruptcy is the second most popular type to file. This bankruptcy option is often used by people in debt who do not qualify for Chapter 7 bankruptcy because they don’t pass the means test or exceed the median income. Those in debt using Chapter 13 bankruptcy must use their disposable income to repay part of their debt and enter a repayment plan. This plan usually lasts between three and five years, but it ultimately depends on a person’s income and debts. There are distinct advantages to Chapter 13 over other options, like Chapter 7. One of these advantages is the debtor may not have to lose their property as part of the process. Contact us today to schedule a consultation.