Top Clinton, UT Business Bankruptcy Lawyers Near You
We can help answer your questions with any estate planning law matter, call now to speak directly with attorney Brian Johnson
136 S. Main St, Suite 400, Salt Lake City, UT 84101
95 S State St, Salt Lake City, UT 84111
222 Main Street, 5th Floor, Salt Lake City, UT 84101
222 S. Main Street, Suite 2200, Salt Lake City, UT 84101
152 W Burton Ave, Suite G, Salt Lake City, UT 84115
299 South Main, Suite 1300, Salt Lake City, UT 84111
222 South Main St, Suite 1830, Salt Lake City, UT 84101
311 South State Street, Suite 280, Salt Lake City, UT 84111
500 North Marketplace Drive, Centerville, UT 84014
372 24th Street, Suite 400, Ogden, UT 84401
298 24th Street, Suite 230, Ogden, UT 84401
15 W S Temple, Suite 1600, Salt Lake City, UT 84101
2568 Washington Boulevard, Legal Arts Building, Suite 200, Ogden, UT 84401
170 South Main Street, Suite 950, Salt Lake City, UT 84101
8833 S Redwood Rd, Suite A, West Jordan, UT 84088
623 East Fort Union Blvd, Suite 201, Salt Lake City, UT 84047
60 East South Temple, Suite 500, Salt Lake City, UT 84111
15 W S Temple, Suite 1700, Salt Lake City, UT 84101
299 S Main St, Suite 1825, Salt Lake City, UT 84111
60 E S Temple St, Suite 1200, Salt Lake City, UT 84111
201 South Main Street, Suite 1100, Salt Lake City, UT 84111
111 South Main Street, Suite 2100, Salt Lake City, UT 84111
201 South Main Street, One Utah Center, Suite 800, Salt Lake City, UT 84111
4923 S 1025 E, Ogden, UT 84403
2825 E Cottonwood Pkwy, Suite 500, Salt Lake City, UT 84121
Clinton Business Bankruptcy Information
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What Is Bankruptcy?
Bankruptcy is a legal process that allows people to get out from under debts that are causing serious financial harm. Through the bankruptcy process, you may be able to get rid of debts like medical bills, credit card bills, and other unsecured debts. Factors such as your income and whether you have assets that you can sell to pay off some of the debts are taken into account when filing for bankruptcy and will determine what happens.
What Happens When I File for Bankruptcy?
When you file for bankruptcy, you will be under a federal bankruptcy court’s supervision and protection. During this time, you, your lawyer, the court, and your creditors will work on a plan for discharging your eligible debts. Collectors will also be unable to repossess property and garnish your wages or bank accounts during this time.
How Much Does It Cost To File for Bankruptcy?
There is no easy answer to this question. The ultimate cost will be a mix of court filing fees and what you owe your attorney for guiding you through the process. What you owe will depend on how complicated your case is and whether there are any prolonged disputes with creditors. Most likely, however, the debt relief that comes with bankruptcy will outweigh any fees.
How Long Does Bankruptcy Stay on Your Credit Report?
A Chapter 7 bankruptcy filing will stay on your credit report for up to 10 years, while a Chapter 13 will remain for up to seven years. A bankruptcy filing will also harm your credit score. However, if you need to file for bankruptcy, it’s likely your score is not that high anyway, and your bankruptcy will give you a chance at a fresh start and time to rebuild your credit score.