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Signs You Need an Ogden Bankruptcy Lawyer

Signs You Need an Ogden Bankruptcy Lawyer

Many Utah residents go through financial hardship and think about filing for bankruptcy. If you are still unsure about your decision, an experienced Ogden Bankruptcy Lawyer can help you out. A good lawyer can give you good advice when it comes to your debt relief options. If you listen to friends or family members, you can get the wrong advice and information. The bad news is that many people endure months of creditor harassment due to the flawed recommendations of family members. We share some signs that filing for bankruptcy is the right thing to do. If any of these are experienced in your current situation, it’s time to contact your trusted Ogden Bankruptcy Lawyer.

Huge Credit Card Balance

One of the signs you need to hire an Ogden Bankruptcy Lawyer is having a huge credit card balance. Credit cards are useful instruments when used wisely. If you make the mistake of paying for the minimum balance for a few months, you will be surprised that the amount you owe can snowball. Once your credit card balance goes over a certain amount, paying off the entire balance starts becoming unrealistic. If you have a significant balance on your credit card and can’t afford to pay it off, you should set an appointment with your Ogden Bankruptcy Lawyer to discuss your options. Credit card debts are usually unsecured, which makes them dischargeable when you file a Chapter 7 bankruptcy. Once you file your Chapter 7 and is approved, your credit card debt will be written off. 

Taking Money From Your Retirement Fund

If your financial situation requires you to borrow money from your retirement accounts, you might want to file for bankruptcy. Many people don’t get to save enough for retirement, so taking money from your retirement fund is not a good idea. Retirement should be a time for you to enjoy and not worry about money. You should start working on your retirement fund while you have the means and not take money from it to pay for debts. Call your Ogden Bankruptcy Lawyer for the best advice regarding your situation.

Unsecured Debt

Incurring substantial medical bills due to a chronic illness is one of the top reasons why many people have unsecured debts. Getting confined in a hospital is no joke, the bills can skyrocket and leave you in a pile of debt, especially if your medical condition is not covered by insurance. Next, we have divorce and business-related debts. Whatever your reason is for having a large amount of unsecured debt, you should weigh your bankruptcy options. If you lost your job, dealing with lower income can pile up your unsecured debts primarily if you use your credit card to help you get through the period while looking for a new job. Filing a Chapter 7 can help you eliminate unsecured debts and give you a fresh start.
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Ogden Bankruptcy Lawyer

Repossession and Foreclosure

Losing your home to foreclosure or car due to repossession can be a traumatic experience. You can prevent this situation by calling your Ogden Bankruptcy Lawyer at once. Once you file your bankruptcy petition in court, foreclosure and repossession activities must cease. The sooner you file for bankruptcy, the better, especially if your home is scheduled for a foreclosure sale or your car is set to be repossessed. A bankruptcy petition acts like an injunction versus many collection activities like foreclosures and repossession. The automatic injunction is known as “automatic stay” in a bankruptcy filing. Your Ogden Bankruptcy Lawyer can file a Chapter 13 to save your home from foreclosure. In this scenario, you can save your home while you pay on late mortgage payments. If you are facing a foreclosure or repossession issue, don’t waste time and call your lawyer at once. 

Creditor Harassment

The majority of creditors will turn over your account to a collection agency once you have delayed payments.  If you are tired of getting calls from your creditors about payments, you should contact your Ogden Bankruptcy Lawyer for a consultation. Creditor harassment can come in the form of threatening letters and endless collection calls.  Filing for bankruptcy can put an end to creditor harassment. Just like in foreclosure and repossession activities, the injunction against creditor harassment is automatic once you file for a bankruptcy petition in court. You can now start answering your phone again and not worry about threatening phone calls.

Godfrey Law: Trusted Ogden Bankruptcy Lawyer

Money problems can give you sleepless nights. Filing for bankruptcy may be your best option, so you can have a fresh start. At Godfrey Law, we have been handling bankruptcy cases for Utah residents since 1984. That’s a ton of experience in helping Utah drivers get through every scenario you can think of. We would love to share information on the process that may help you make significant decisions. The stress can be daunting when dealing with bankruptcy. Allow us to help you get through this tough situation. We can help you determine your best options and push for a favorable outcome in court. Here are reasons why you should choose us as your Ogden Bankruptcy Lawyer:
  • Free Consultation
  • Best rates in Utah
  • Trusted
  • Reliable
  • Accurate Advice
  • Full-Assistance
  • Free Evaluation
  • Over three 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. We provide ingenious and cost-effective solutions for all your legal issues. We are proud to be based in Utah and are committed to helping families that call Utah home. We can help you with your debt relief option. Dealing with an incompetent attorney can make your situation worse, there are lawyers out there whose licenses have been suspended due to misconduct in handling bankruptcy cases. At Godfrey Law, you are ensured that you have a competent attorney by your side. Let’s talk! Stop those creditor harassment calls today! Give us a call or send us a message on our website.