Why Wait? File as Soon as Possible

by | Sep 12, 2016 | Lawyers

If you have already decided to file for bankruptcy there are number of reasons to do so quickly. Hiring a bankruptcy attorney in Salt Lake City Utah to prepare and file a petition may be able to stop a foreclosure, garnishment, or even repossession. He may even be able to help you find a way to keep more of your property, charge off more of your debt, or help you find a way to qualify for Chapter 7. Hiring the right attorney from the very beginning could possibly be the best decision you will ever make.

Holding on to Your Home and Vehicle

If the bank is going to foreclose on your home, or even if they have begun foreclosure proceedings, the moment your bankruptcy petition is filed that all stops. The filing stops all of your lenders and creditors from trying to collect any debts or monies from you. This also holds true if they’re trying to repossess your vehicle. During this time you might even have the opportunity to either renegotiate the terms of your agreement or catch up on your payments.

You are Being Evicted

Filing bankruptcy will generally stop many eviction proceedings. You need to be aware though that you will still need to pay your rent. If your landlord has already received an eviction order from the appropriate court, then filing bankruptcy will not help you. Also, if your eviction is drug related, filing a bankruptcy will not help in that case either.

You are Being Sued

If you have been served with papers telling you that you’re being sued for a medical bill, a car accident, credit card debt, and other debts, filing bankruptcy can stop the suit. If you can have the debt discharged, why pay to defend against a lawsuit? You should be aware that not every lawsuit can be stopped just by filing bankruptcy. That is why you need to be represented by knowledgeable attorney like Andrew B. Clawson, P.C., in your bankruptcy matter. For more information visit The Utah Bankruptcy Lawyer.

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