Bankruptcy Lawyer Syracuse Utah

Bankruptcy Attorney Syracuse Utah

Personal Bankruptcy Lawyer Near Syracuse Utah

Ascent Law LLC (801) 676-5506 Free Consultation

Bankruptcy Attorney Syracuse Utah
Bankruptcy Attorney Syracuse Utah

Can All of My Debts Be Eliminated by a Bankruptcy?

Bankruptcy can eliminate some of your debts, but not all of them. Some types of debts aren’t dischargeable, such as fraud-related debts. However, if you file for Chapter 13 bankruptcy, you’ll get additional flexibility in dealing with your secured creditors.

Unsecured debt isn’t debt, you must repay under bankruptcy

Unsecured debt is debt that you owe but does not have collateral to repay. This type of debt usually includes credit card debt and personal loans. Secured debt, on the other hand, is backed by an asset such as your home or car. This means that if you fail to make the payments on your unsecured debt, the lender cannot repossess or foreclose on your property to recover the debt.

Because the unsecured debt has no collateral, it cannot be repossessed. However, lenders are not barred from pursuing collection efforts and may file lawsuits to collect the debt. These actions could include garnishment or attachment of your property. However, if you don’t make payments on an unsecured debt, creditors will be able to recover the debt by using other means.

Fraud-related debts aren’t dischargeable under bankruptcy

A debt created through fraud or misrepresentation is not dischargeable under bankruptcy law. This can include fraudulently obtaining loan approval, misrepresenting your income or assets, or filing a lawsuit without the proper documentation. This is particularly dangerous if you were planning on using the money for luxury purchases, such as food and car repairs. While the creditor may claim fraud, this doesn’t mean much unless they can prove it. Then, the creditor may sue you or even get a judgment for fraud.

There are some debts that cannot be discharged under bankruptcy law, however. These include debts related to fraud, DWI, and domestic support. Because these types of debts are not like credit card or loan debt, they are not dischargeable. This also applies to secured debts, such as car loans and mortgages. The creditor can obtain an exemption from the automatic stay to protect their interests, even if they’re not dischargeable.

Chapter 13 bankruptcy provides added flexibility in dealing with secured creditors

Chapter 13 bankruptcy is beneficial for debtors who are behind on their secured debts and need more time to catch up. This bankruptcy option allows you to establish a repayment plan and receive approval from a court trustee. Your plan will describe how much you owe, how much you can afford to pay, and how long you need to repay your debt. Your debt will be divided into three categories: priority debt, unsecured debt, and unsecured debt. The priority debt must be paid in full.

The amounts listed in a Chapter 13 plan must be based on the proofs of claim filed by your creditors. These proofs can include calculations and documentary evidence. A debtor may object to the creditor’s claim and win a reduction of the claim.

Chapter 7 bankruptcy eliminates most nonpriority unsecured debts

Filing for bankruptcy is a way to wipe out most nonpriority unsecured debts, including credit cards. However, you should be aware of which debts are excluded. Priority debts, like alimony or child support, cannot be eliminated by bankruptcy. Moreover, there are exceptions for certain unsecured debts, such as student loans.

If you’re struggling with a mountain of debt and cannot pay your bills, consider filing for Chapter 7 bankruptcy. This option will eliminate most of your nonpriority unsecured debts, but it won’t save your home or car from repossession. A better option is to file for Chapter 13 bankruptcy, which offers protection from repossession and the ability to catch up on missed payments.

If you have any questions, you can get a free consultation with Ascent Law LLC:

Ascent Law LLC:
8833 South Redwood RoadSuite C
West Jordan, UT 84088
(801) 676-5506

When you need a Divorce Lawyer, contact this law firm:

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506
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Syracuse, Utah

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Syracuse, Utah
Syracuse City Municipal Center

Syracuse City Municipal Center

Provide quality affordable services while promoting community pride, fostering economic development and managing growth.
Location in Davis County and the state of Utah

Location in Davis County and the state of Utah
Coordinates: 41°5′3″N 112°3′48″WCoordinates41°5′3″N 112°3′48″W
Country United States
State Utah
County Davis
Settled 1878
Incorporated September 3, 1935
City September 13, 1950
Named for Syracuse, New York

 • Type Mayor-council government
 • Mayor Dave Maughan

 • Total 10.18 sq mi (26.37 km2)
 • Land 10.18 sq mi (26.35 km2)
 • Water 0.01 sq mi (0.02 km2)

4,285 ft (1,306 m)

 • Total 24,331
 • Estimate 

 • Density 3,091.39/sq mi (1,193.63/km2)
Time zone UTC-7 (Mountain (MST))
 • Summer (DST) UTC-6 (MDT)
ZIP code
Area code(s) 385, 801
FIPS code 49-74810
GNIS feature ID 1433147[4]

Syracuse is a city in Davis CountyUtah, United States. It is situated between the Great Salt Lake and Interstate 15, about 30 miles (48 km) north of Salt Lake City. It is part of the OgdenClearfield, Utah Metropolitan Statistical Area. The city has seen rapid growth and development since the 1990s. The city population was 24,331 at the time of the 2010 census,[2] an increase of 158.9% since the 2000 census.

While settlers have populated the area since the mid 1800s, Syracuse was incorporated on September 3, 1935. The city was named by early settlers for Syracuse, New York, which was famed for its salt production in the 19th century.[5]

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