Bankruptcy provides a fresh start for anyone who suffers from overwhelming, burdensome debt, the payment of which may seem impossible. Many people wrongly believe that bankruptcy is a negative experience fraught with shame, embarrassment, and an undesirable social stigma. The opposite is true, having a mountain of overwhelming debt eliminated in its entirety is an uplifting experience, thus proving that bankruptcy is a positive experience.
Why is bankruptcy a positive experience?
*Filing a bankruptcy case invokes the protection of the automatic stay, which bars or prevents the collection efforts of your creditors, thus providing welcome relief and a fresh start for harried debtors.
*Many Chapter 7 bankruptcy cases are deemed “no-asset” cases where the Chapter 7 filer does not lose any property in the bankruptcy case.
*You may discharge tax debts in bankruptcy, but timing is crucial. Consult with an experienced bankruptcy attorney. The Morrison Law Group offers free consultations.
*Bankruptcy stops annoying wage and bank account garnishments.
*Bankruptcy reverses a repossession forcing your car creditor to return your vehicle.
The cost of filing a Chapter 7 bankruptcy case is often less than $2,000, which is an efficient, effective, and economical way to solve burdensome financial problems and gain a fresh start. Theron Morrison and the Morrison Law Group may help any Utah resident better understand their bankruptcy options. Call 801.456.9933 today to schedule a FREE consultation. We have locations in Ogden, Logan, Sandy, and St. George to serve the residents of the counties of Weber, Cache, Salt Lake, Utah, Morgan, Davis, Washington, and surrounding areas.