The Ability To File For Bankruptcy And Benefits
After filing for bankruptcy, you’re going to have a lot of questions. What happens to my debt? How will I pay my bills? Am I allowed to file for bankruptcy now? No matter what your situation is, it’s important to know that you’re not alone — millions of people around the world deal with similar circumstances every single year. Here’s the 411 on everything you need to know about filing for bankruptcy (and all the fun things that come after).
If you’re considering filing bankruptcy, you’ve likely done a lot of research on the topic by now. If you haven’t, here’s a quick rundown: The bankruptcy laws were enacted to give financially distressed people a second chance, and allow them to get back on their feet by relieving them of certain types of debts.
Bankruptcy is not for everyone — there are some very strict rules about eligibility — but it can be a great option for those who are drowning in debt. A consumer bankruptcy attorney can help you determine if filing is right for you and help you prepare your paperwork.
Bankruptcy laws protect both the creditor (the person or company owed money) and the debtor (the person who owes money). The laws are designed to ensure that both parties get a fair shake in the proceedings, though they are written with the interests of the consumer at heart. Because these laws work to protect consumers, we’re going to focus on how they relate to people like you who want out of debt without losing everything they own. Let’s take a look at some common misconceptions about bankruptcy that might be causing you not to consider it as an option:
Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.
If you have any questions or in need a Bankruptcy Attorney, we have the Best Attorneys in Utah. Please call this law firm for free consultation.
Ascent Law LLC
8833 S Redwood Road Suite C
West Jordan UT 84088
(801) 676–5506
https://www.ascentlawfirm.com
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