Your Opportunity for a Fresh Financial Start in Utah
Chapter 7 bankruptcy, often referred to as liquidation bankruptcy, is the most common type of bankruptcy filing. If you’re considering this option, Rulon T. Burton & Associates has decades of experience providing dedicated Chapter 7 lawyer services to individuals and families throughout Utah.
Understanding Chapter 7 Bankruptcy Basics
At its core, Chapter 7 bankruptcy aims to discharge, or eliminate, as much of your eligible debt as possible. When you file, a trustee is appointed to oversee your bankruptcy estate. This trustee may sell certain non-exempt assets to generate funds to repay your creditors, ultimately providing you with debt relief.
What Debts Can Be Discharged with a Chapter 7 Lawyer?
A significant concern for those considering bankruptcy is understanding which debts can be discharged. Generally, unsecured debts, such as:
are often eligible for discharge in Chapter 7 bankruptcy. However, there can be exceptions depending on your specific circumstances. If you have unique or complex debt situations, it’s crucial to consult with the Chapter 7 experts at our firm for personalized guidance.
Common Debts Typically Not Eligible for Chapter 7 Discharge
While Chapter 7 offers substantial debt relief, certain types of debt are usually not dischargeable, including:
- Certain taxes
- Most student loans
- Child support and alimony obligations
- Debts arising from fraud or intentional wrongdoing
- Debts incurred through drunk driving
Our knowledgeable Chapter 7 lawyers can provide clarity on which of your specific debts may not be eligible for discharge.
What Assets Can You Keep When Filing Chapter 7 in Utah?
Many individuals worry about losing all their possessions when filing Chapter 7. Fortunately, bankruptcy law in Utah allows for certain exemptions, protecting essential property. Generally, you can keep necessary household goods and personal belongings.
What Assets Might Be Liquidated in Chapter 7 Bankruptcy?
The trustee may liquidate non-exempt assets to repay creditors. These can potentially include:
- Non-exempt equity in vehicles
- Money held in bank accounts on the filing date (above certain limits)
- Tax refunds for the year of filing and potentially prior years
- Luxury items and collectibles
- Non-essential tools
- Accounts receivable (for self-employed individuals, above protected amounts)
Utah law provides specific exemptions to protect certain assets. Our attorneys will thoroughly review your asset situation and help you understand which exemptions may apply to your case.
The Benefits of Choosing a Chapter 7 Lawyer at Rulon T. Burton & Associates
Filing for bankruptcy can feel overwhelming, but the benefits of obtaining debt relief often outweigh the concerns. Working with our proven Chapter 7 lawyers offers significant advantages:
- End Creditor Harassment: Filing immediately puts a stop to harassing phone calls and collection letters.
- Prevent Foreclosure: Chapter 7 can provide a crucial pause to foreclosure proceedings, allowing you to explore your options.
- Stop Lawsuits and Wage Garnishment: Filing halts pending collection lawsuits and prevents wage garnishment.
- Gain Peace of Mind: Obtaining relief from overwhelming debt can significantly reduce stress and anxiety.
Don’t let debt control your life. Contact the trusted attorneys at Rulon T. Burton & Associates today for a free consultation and take the first step toward a brighter financial future.
Salt Lake City Chapter 7 Bankruptcy Attorneys You Can Trust
If you’re struggling with overwhelming debt, seeking the guidance of experienced bankruptcy attorneys is a crucial step. We understand that considering bankruptcy can be difficult, but sometimes it’s the most effective path to a fresh start. Our dedicated team has the experience and empathy needed to guide you through this challenging time.
What Makes Rulon T. Burton & Associates a Good Choice for You?
- Extensive Experience: Serving Utah families since 1981, we have a deep understanding of Chapter 7 bankruptcy law and procedures.
- Empathy and Understanding: We treat our clients with respect and compassion, recognizing the emotional toll of financial distress.
- Clear Communication: We take the time to explain the process clearly and answer all your questions.
Call us today for your free consultation. Let our experienced team provide the knowledgeable and supportive guidance you need.
