Provo Bankruptcy FAQ
How do I know if I should file for Provo bankruptcy?
Utah County bankruptcy isn’t for everyone. Making a mistake when deciding whether or not to file for bankruptcy will cost you time and money. Only an experienced professional can tell you with certainty if bankruptcy is the right solution to your problems with debt.
That’s why we offer our Free Provo Bankruptcy Evaluation, so that people like you can get the information they need to avoid costly mistakes. Follow the “Free Evaluation” link on the left of this page and complete our short and simple form today. It’s the best way to discover if bankruptcy is right for you.
What is the cost for filing Utah county bankruptcy?
This will vary for each case. The cost will depend on the details of you situation. The best way to determine what it will cost to file bankruptcy is to speak with our Utah County bankruptcy attorney. He can help you evaluate you situation and determine what it will cost to file bankruptcy.
How long does it take to file for Utah county bankruptcy?
The time it takes to complete the Utah county bankruptcy process depends on the chapter you file for. Chapter 7 bankruptcy can be completed in only 4-5 months. Chapter 13 bankruptcy takes 3 or 5 years to complete, depending on the payment plan approved by the bankruptcy court. Our Utah County attorneys can help you decide which is best for you.
What will happen to my credit?
Your Utah county bankruptcy will appear on your credit report for 10 years. After 10 years it is cleared from your credit report.
You cannot qualify for a mortgage loan for two years after filing bankruptcy. After this time, your candidacy for a mortgage loan will be determined by your salary, down payment, and other factors. By following the simple steps our attorneys teach, you can get back on the path to financial success.
Will the harassment from creditors stop?
Yes. As soon as you file for bankruptcy, the court immediately stops your creditors from attempting to collect from you. This is called an automatic stay. The sooner you file, the sooner the harassment will stop.
The automatic stay applies to both secured and unsecured creditors. However secured creditors can get the stay lifted if you do not make the necessary payments. We can help you file for Utah county bankruptcy quickly to stop creditors from harassing you.
What should I expect from the Utah county bankruptcy process?
The best place to start is in a Free Bankruptcy Consultation. Find out if bankruptcy is right for you. Decide which chapter of bankruptcy to file for. Get organized for a fast and effective bankruptcy. To get your Free Consultation, just fill out our Free Evaluation form.
The Utah county bankruptcy court requires that you complete a credit counseling course before filing for bankruptcy. Our attorneys can help you find the required course for you to attend.
Once you have filed the appropriate documents, the court issues an automatic stay. This prohibits your creditors from harassing you.
You attend a meeting with your attorney and a trustee who is appointed by the court and who represents the interests of your creditors. This is called the 341 meeting. At this meeting you present a list of all your liabilities and assets. The trustee claims your non-exempt assets and sells them to raise money for your creditors.Your attorney is there to help you prepare this list and to defend your property.
Before the court discharges your debts, you complete a personal financial management course. Upon completion of the financial management course your debts are discharged.
Utah County Bankruptcy Assistance
Our Utah county bankruptcy attorneys have years of experience with all forms of bankruptcy and are ready to help you with yours. Fill out our free Utah county bankruptcy evaluation today to begin the process.