AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
What is the difference between Chapter 7 and Chapter 13 bankruptcy? Chapter 7 BankruptcyThe most common, fastest form of personal bankruptcy is Chapter 7 Bankruptcy, known as liquidation, or straight bankruptcy. Typically, individuals will have all of their unsecured debts discharged, including credit card debt, judgments, medical bills, and auto repossession deficiencies. Chapter 7 Bankruptcy provides individuals with certain property exemptions, and typically individuals do not lose any property. Typically Chapter 7 Bankruptcy allows people to keep their cars or house, as long as payments are kept current. Chapter 13 BankruptcyAnother option for individuals is Chapter 13 Bankruptcy, a repayment plan that is based on your income and expenses. Payments are made monthly through the court-appointed trustee, and often pay only a fraction of the debt that is owed. Chapter 13 isn't for everyone, and when possible Chapter 7 is typically more beneficial. ` Chapter 13 allows people to catch up on mortgage arrears, and stay in their homes. In some instances, Chapter 13 may even eliminate, or lien strip, a second mortgage against a residence if the primary mortgage is more than, or equal to, the value of that residence. Also, if an auto loan is more than 30 months old, Chapter 13 may be able to reduce bankruptcy that loan to the actual value of the vehicle, not what is owed. Schedule a Free Consultation With a Utah Bankruptcy AttorneySometimes the hardest part of Bankruptcy is that first call. It's my job to make your life easier after that call. Our primary area of practice is Bankruptcy, Debt Settlement, and Consumer Debt Defense. Please call me at 801-432-8682 for a free phone consultation or contact me online, and I will address your concerns and create a personalized, beneficial plan towards financial recovery, and towards your fresh start.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
0 Comments
read more
Back to Blog
In this current economic climate, you may be searching for a Utah bankruptcy attorney with answers. How serious is your financial situation? What will it take to file? How long does the process take? These and other questions can be answered clearly by the Law Firm of Ryan E. Simpson. Set up a free consultation to get the answers and assurance that you need. Call us today if your in need of a Chapter 13 bankruptcy attorney or a foreclosure attorney. With over 25 years of experience, we understand the difficulties that our clients face every day. It can be a stressful time and we look to relieve that tension whenever possible. We are very flexible on appointments and we will work with your schedule to find convenient times to meet. We even offer payment plans to take away the burden of upfront costs. Our goal is to get the best settlement possible for you. You want to keep your home from foreclosure. You want to prevent repossession of your primary vehicle. We will put together a plan that is personalized to you and the financial issues that you are struggling with. You may be overwhelmed with credit card debt, medical bills or even money owed to the IRS. We can help you figure out whether or not bankruptcy is the right choice for you, your family or your business. Find a Utah bankruptcy attorney that you can trust at the Law firm of Ryan E. Simpson. We have helped thousands of Utah residents file successfully and receive the outcome they need Ryan E. SimpsonYou may not realize it, but your financial problems hurt every part of your life. If your debts have gotten out of control, then you need the help of a qualified bankruptcy attorney. Bankruptcy can give you a financial fresh start and the opportunity to regain control of your life. At the Law Firm of Ryan E. Simpson, we understand the ins and outs of bankruptcy, and we're happy to walk you through your options. Our goal is to equip you with the knowledge to make informed decisions about your financial future. Let us use our 25+ years of experience to your advantage. Give us a call today. Utah Chapter 13 Bankruptcy ServiceInstead of trying to deal with this situation alone, a Utah Chapter 13 bankruptcy attorney can make the process easier. At the Law Firm of Ryan E. Simpson, we know how frustrating it can be to try to get out from under debt alone.
There are pitfalls at every turn that trip you up and even cause you to completely give up. However, we can walk you through the process step by step, making sure that everything is taken care of quickly and accurately. To learn more about Chapter 13 bankruptcy, contact us to set up a free initial consultation. We want to make this process as simple and painless as possible. Here are just a few ways we can help you through this difficult financial situation:
If you live in or around West Jordan, Utah, a Chapter 13 bankruptcy attorney can help stop the foreclosure of your home and the repossession of your vehicle. The associates of Ryan E. Simpson can help you get back on your feet by reworking your current debt situation and seeking out an easier way to pay. Call today and take advantage of the flexibility we offer when it comes to scheduling appointments. |