Discharging Debts Through Chapter 7 Bankruptcy
Filing for bankruptcy can eliminate or reduce many types of debts, and help you get a fresh financial start.
At Smith Law Firm, we help hard-working people eliminate their debts, while allowing them to keep as much of their property as possible.
Contact us to schedule a free consultation. Debt relief could be just a phone call away.
What a Chapter 7 Bankruptcy Can — and Can't Do
If you do not have steady income or many assets, Chapter 7 bankruptcy may be your best option.
Chapter 7 bankruptcy is a powerful legal tool that can completely eliminate many types of debts, including credit card debts, medical bills and personal loans. Chapter 7 can stop repossession and garnishment actions. It can delay foreclosure long enough for you to get current on your mortgage or find another place to live. Creditors can no longer harass you. You get the opportunity to begin again.
Some debts, such as student loans and child support, cannot usually be discharged. By eliminating your other debts however, these obligations become much easier to cover. You can get extra cash flow that can give you financial breathing room and allow you to sleep at night.
Keep Your Vehicles and Property
A Chapter 7 bankruptcy allows you to keep certain types of personal property as exemptions. You can also keep property that secures a loan (like a car or a house) as long as you keep current on those particular loans. Attorney James Smith will work to maximize those bankruptcy exemptions and let you keep as much of your property as possible, while eliminating your dischargeable debts. If your car or other property has been repossessed but not yet sold, our firm may even be able to reclaim it for you.
We Will Handle All Aspects of Your Bankruptcy
Smith Law Firm will provide an initial bankruptcy orientation free of charge. For a flat fee we will perform an in-depth review of your financial situation and determine whether a Chapter 7 bankruptcy, a Chapter 13 bankruptcy or a non-bankruptcy solution is right for you.
If you choose bankruptcy, we will file your petition, work to exempt as much property and eliminate as many of your debts as possible. When we file, creditor harassment stops, as do repossession, garnishment and foreclosure actions.
You will usually have to attend only one bankruptcy hearing and answer a few questions. In a few months, much or all of your debts could be discharged. You can get the opportunity to begin again.
Call Today for a Free Consultation
For a free initial consultation with a lawyer at Smith Law Firm, call 801-404-5688 or contact us online. Our firm serves clients in Provo, Orem and surrounding areas in Utah.
Falamos Português
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
