The experienced attorneys at Rocky Mountain Law Office provide free, entirely confidential, and compassionate initial consultations to help you better understand the bankruptcy process. There are few things harder in life than facing a debt crisis that has become unmanageable.
Everyone wants to pay off and take care of their creditors, but oftentimes life’s circumstances make that impossible. Did you know that the three most common factors that lead to bankruptcy are divorce, loss of employment, and illness?
A lost job or reduction in hours can result in debt piling up fast, and one late credit card payment can result in unpayable and unimaginable interest rates. You may have had a medical emergency not covered by insurance or you may have seen your small business struggle as a result of the recession. No matter what unforeseen life circumstance caused the problem, the end result is a vicious cycle of increasing debt, collection calls, and even lawsuits as payments and debt pile up.
While bankruptcy is a difficult step to take, it can provide instant relief from the stress of the vicious debt cycle dragging you down. We can help you decide if bankruptcy is the best route for you, and if not, we can counsel you on how you can move forward to address your debt issues.
Depending on your situation, you are often able to maintain your home, a car, and the majority of your personal possessions in a Chapter 7 bankruptcy. In fact, with a Chapter 13 bankruptcy you can generally maintain most, if not all, of your assets regardless of the amount of debt owed or the amount and nature of the assets. Each individual’s situation is different, and a free consultation can help you to more fully understand your options.
With locations in Logan and Brigham City, we offer convenient offices to meet to discuss your case. If you live in an area not covered by one of our offices we can travel to you.
DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent legal counsel for advice on any legal matter.
Specific Bankruptcy Types and Information
People who need bankruptcy help often feel like they are drowning in debt. Bankruptcy can provide much needed relief for “debtors” who cannot pay their “creditors”. Bankruptcies are commonly referred to by their specific chapter in the bankruptcy code, e.g. Chapter 7, Chapter 11, Chapter 12, and Chapter 13. For consumers, the most common chapters to file under are Chapter 7 and Chapter 13.
Bankruptcy Basics provides basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of federal bankruptcy laws. It also provides individuals who may be considering bankruptcy with a basic explanation of the different chapters under which a bankruptcy case may be filed, and answers some of the most commonly asked questions about the bankruptcy process.