Life After Bankruptcy
The recent changes to U.S. bankruptcy law have left a lot of misconceptions about filing for bankruptcy and the confusion about what to expect when you file for bankruptcy. One of these most common misconceptions regards your ability to discharge credit card debt or medical bills when you file for Chapter 13 bankruptcy.
The rumors about credit card debt and medical bills no longer being eligible for discharge are simply not true. The truth is that both credit card debt and medical bills are still considered as unsecure debt and are both eligible for discharge when you file for Chapter 13 bankruptcy.
What To Expect From Bankruptcy
Many of our clients report feeling relief and peace after filing for bankruptcy, because at the moment that you file, all collection activity must cease immediately. This immediately brings relief from harassing phone calls from debt collectors or threatening letters from collection agencies.
While some people are apprehensive about filing for bankruptcy because they are concerned about damaging their credit rating, the truth is that repairing your credit score after bankruptcy can be easier than you think.
Credit ratings rely on data based on your level of debt and your level of income. When you file for bankruptcy, that level of debt is reduced or completely eliminated, giving you a fresh start and enabling you to start building a new level of good credit.
Utah Bankruptcy Help
At The Law Offices of Theron D. Morrison, we have extensive experience in filing both Chapter 7 bankruptcy and Chapter 13 bankruptcy. We offer a free initial consultation to see what your options are and determine if bankruptcy is the best course of action for your unique financial situation. Filing for bankruptcy can help you:
- Reduce your debt or even eliminate your debt burden.
- Stop continued harassment by creditors
- Stop threatening letters from collection agencies
- Stop vehicle repossession
- Stop wage garnishment
- Stop home foreclosure
Contact Us
Schedule your free initial consultation today at one of our convenient offices in Ogden, Salt Lake City, Logan, or Orem Utah by contacting us at (801)528-6759.