Unexpected bills can leave your finances in ruins. Harassment by creditors can ruin your home life, and strain your personal relationships. Depending on the amount of debt, it can seem as if there is no way out. Fortunately, there is. An experienced bankruptcy attorney can guide you through the troubling waters and help you get a fresh start. For people needing Bankruptcy Attorneys in Salk Lake City, there is a law firm with almost 20 years experience helping clients start fresh.
The attorneys at Lewis Adams and Associates have been aggressively fighting for their clients for almost 20 years. Specializing in bankruptcy has allowed these attorneys to finely hone their craft. With a thorough understanding of the intricacies of bankruptcy law, these attorneys will be able to provide guidance to help you escape crushing debt.
Lewis Adams and Associates are most commonly hired to perform Chapter 7 and Chapter 13 bankruptcies. There are important differences between these two filings, and it is essential to ensure that you choose the right option. Failure to do so could result in additional financial hardships.
A Chapter 7 filing occurs when individuals are no longer able to pay their existing debt obligations. This type of bankruptcy is referred to as a full bankruptcy. Under this arrangement, the debtor’s assets are often sold in order to raise money to repay creditors. Importantly, not all possessions are eligible for liquidation. Bankruptcy law exempts certain items in order to allow an individual a chance for a fresh start.
Chapter 13 filings are used for individuals that are still able to repay their debt but require modifications to their payment plan. Essentially, this type of bankruptcy rearranges debts in order to make repayment more manageable for the debtor. Under this type of filing, the debtor retains their possessions, and the creditors are repaid.
Regardless of the reason for your bankruptcy, the attorneys at Lewis Adams and Associates are prepared to aggressively defend you against harassment by creditors. Financial hardship is no laughing matter, and you need experienced representation to ensure your rights are protected. When you need Bankruptcy Attorneys in Salk Lake City,
