Midvale Bankruptcy Lawyers
Experience Relief from Overwhelming Debt
Unmanageable debt can take a toll on all aspects of your life. No one should live in fear of threatening letters from creditors, wage garnishment, harassing calls, or home foreclosure. There comes a point where you need to find financial relief in order to live your life again.
At Haskins James, our Midvale bankruptcy lawyers understand that filing for bankruptcy should only be done after a careful evaluation of your options. When you visit our office, our attorneys will review your financial situation. We will talk to you about your immediate concerns and your long-term goals. If bankruptcy is not right for you, we will tell you. After all, it may be possible that negotiating with your creditors will yield a better result. If bankruptcy will help, we will guide you through the process of filing Chapter 7 or Chapter 13 bankruptcy and serving as your legal counsel throughout your case.
For an assessment of your financial situation and to see if bankruptcy may be right for you, call (801) 850-0155.
The Automatic Stay
When you file for bankruptcy in the state of Utah, you are immediately granted an automatic stay. This is an immediate benefit to filing, and it can bring a profound amount of relief.
The automatic stay puts a hold on:
- Creditor harassment
- Wage garnishment
- Property repossession
Chapter 7 Bankruptcy vs. Chapter 13 Bankruptcy
Serving debtors in Midvale, West Jordan, South Jordan, West Valley City, Sandy, and the surrounding areas in Utah, we primarily focus on Chapter 7 and Chapter 13 bankruptcy matters. It is helpful to get a basic understanding of these two types of bankruptcy, so you know which may be applicable to your financial situation:
- Chapter 7 bankruptcy, or liquidation bankruptcy, is a way to get a fresh financial start. With this plan, you will be able to keep most of your personal belongings, while your unsecured debt is discharged. As long as you are current on the payments, you should be able to keep your home and vehicles if that is what you wish to do.
- Chapter 13 bankruptcy is a debt reorganization plan. With this bankruptcy plan, all your unsecured debts are combined into one monthly payment that you make over 3-5 years. After that time, your remaining consumer debts are eliminated. You may even be able to roll past due mortgage and vehicle payments into the repayment amount, freeing up much-needed funds to make future payments.
Bankruptcy & Your Credit Score
Bankruptcy will affect your credit score, but if you are already having trouble making payments, your credit score has most likely already taken a sizeable hit. Fortunately, as soon as one year after filing bankruptcy, you may be able to obtain credit, at which time you can begin working to build your score. People often end up with better credit after a bankruptcy filing than they had before.
Get a Fresh Start: Contact Our Midvale Bankruptcy Attorneys
You don’t need to live with stress and frustration caused by overwhelming debt. Bankruptcy can offer a fresh start, but these are complex proceedings that will profoundly impact you on a financial level. With over 50 years of combined experience and a true commitment to bettering our clients’ lives and futures, we at Haskins James are standing by to offer the skilled bankruptcy counsel you need.
Call our Midvale bankruptcy attorneys at (801) 850-0155 today. We’ve served the greater Salt Lake area since 1979.
Experienced in Multiple Areas of Law
Aggressively Defends Client's Rights
Attentive & Responsive Attorneys
We Truly Care About Helping People
52+ Years of Combined Experience