Chapter 13 Bankruptcy
Chapter 13 Bankruptcy Expert in Ogden, Utah
Godfrey Law can help you get a fresh start
Millions of Americans get into debt every year, and many are looking for relief.
Individuals and families in Utah find that a Chapter 13 bankruptcy can be a good opportunity for debt relief.
Chapter 13 filing is a tool that Utah individuals can use to undergo a financial reorganization supervised by a Federal Bankruptcy Court.
The debtor proposes a plan to pay off debts over a 3 to 5 year period. During this time, his creditors can’t collect on the previously incurred debt except through the courts.
Chapter 13 Eligibility
There are two requirements that an individual needs to meet to qualify for Chapter 13 filing.
- They must have regular income
- Debts must not exceed a specific amount
If the person’s current monthly income is lower than the applicable state median income, the plan will be set at three years.
On the other hand, if the current monthly income is greater than the applicable state median, the plan is set at 5 years.
Advantages of Chapter 13
Filing for Chapter 13 allows you to work with a financial planner and legal team to come up with a financial repayment plan that is tailor-fit to your situation.
You can re-organize some debts and consolidate others giving you the ability to pay off creditors in 3 to 5 years.
One of the best benefits of Chapter 13 is that you get to save your home from foreclosure.
Collection efforts also stop as soon as you file for bankruptcy. No more harassing phone calls and letters from debtors.
Experience with Chapter 13
Godfrey Law have been handling Chapter 13 bankruptcies for Utah residents since 1984. That’s a ton of experience in helping families get through every scenario you can think of.
We would love to share information in the bankruptcy process that may help you make major decisions.
Bankruptcy proceedings are governed by complex federal laws and regulations. It can be a time-consuming and difficult process if you don’t have any idea on how to proceed.
The legal paperwork and stress can be daunting. We can ensure that you file the correct type of bankruptcy, and that filing is done correctly.
Bankruptcy mistakes can cost you more in the long run. You need professional help to navigate the whole process so you can get back on your feet once more.
A Chapter 13 filing requires many documents to fill up and file including income and expenses, plus a complete list of assets and liabilities. Tax returns and the same documents for your spouse if you are married are just the basic requirements, and many more will be needed as the proceedings go on.
Why not leave all the legwork to us?
Godfrey Law Advantage
- Free consultation
- Best rates in Utah
- Accurate advice
- Full assistance
- Free evaluation
- Over 3 decades of experience
- Strict with confidentiality
We have an advanced technology-driven process management system in place that leads to the best results at lower costs.
Don’t let debt issues control your life.
Let’s talk! Allow us to help you get a fresh start!
Give us a call, or send us a message on our website.