Chapter 13 Bankruptcy
If you are falling behind on your home mortgage or other monthly bills, a Chapter 13 bankruptcy may provide the relief you need. Many people have used Chapter 13 bankruptcy to obtain debt relief.
A Chapter 13 bankruptcy may allow you to:
- Stop a home foreclosure
- Stop a wage garnishment
- Prevent enforcement of a civil judgment
- Stop asset seizures
- Gain additional time to repay your debts
- Discharge a portion of your debts
To learn more about Chapter 13 bankruptcy or Chapter 7 bankruptcy, contact the law office of Brandon L. Baker in Murray, Utah, Salt Lake County. To schedule a free consultation with a knowledgeable bankruptcy attorney at our firm, call 801-924-9211.
How Does Chapter 13 Bankruptcy Work?
In a Chapter 13 bankruptcy case, we file a bankruptcy petition with a U.S. Bankruptcy Court. As part of your petition, we would provide the bankruptcy court with a three to five year debt repayment plan. With a Chapter 13 bankruptcy, you only pay back a portion of your debts that you can afford to pay.
A Chapter 13 bankruptcy is a great source of debt relief for people who have jobs, homes and assets that they don't want to expose to the possibility of liquidation. With a Chapter 13 bankruptcy, no assets are liquidated to pay your creditors as part of the bankruptcy process.
The Automatic Stay
As with a Chapter 7 bankruptcy, a Chapter 13 bankruptcy creates an automatic stay that prevents most creditors from taking further collection activity, including wage garnishments, auto repossession or a home foreclosure.
Stop Home Foreclosure
With the recent downturn in the economy, home foreclosure rates are at an all-time high. Many people have used a Chapter 13 bankruptcy to avoid home foreclosure. Even if your bank has already sent you a notice of their intent to foreclose, we are here to help.
Contact Us
To speak with a Salt Lake County bankruptcy lawyer, contact the law office of Brandon L. Baker today at 801-924-9211, or contact us by e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
