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When You’re Facing Bankruptcy, Green Legal Group Can Make Sure You Get The Fresh Financial Start You Need.
On the contrary, there are numerous benefits it offers; filing for bankruptcy will often confer an automatic stay, stopping creditors from harassing you and taking active collection measures (such as garnishing your wages or seizing your personal property, including foreclosure). Filing for bankruptcy also allows you to start rebuilding damaged credit by discharging some or all of your debt completely, which can improve your debt-to-income ratio. As a result, your credit score may even improve immediately as this ratio is factored in calculating your credit score.
There are three main types of bankruptcies:
● Chapter 13: This is sometimes referred to as a reorganization bankruptcy. It is designed for individuals whose regular income allows them to pay back a portion of the money they owe. Some of the debt will be discharged, and we will negotiate a payment plan for the remainder that gives you several years to pay off a smaller amount of debt.
● Chapter 7: This is also known as a liquidation or straight bankruptcy. This type of bankruptcy can help you discharge most of your unsecured debt when you do not have the means of income to repay your debt. Some of your possessions (but not all, and not which ones you may fear losing) may need to be sold in order to pay a portion of the debt.
At Green Legal Group, our bankruptcy lawyers have the extensive legal knowledge necessary to help you understand and navigate bankruptcy. We understand that life can be unfair, and sometimes good people find themselves in financial trouble due to reasons beyond their control, which is why we treat all our clients with compassion.
Navigating Bankruptcy Can Be Complicated. Trust An Experienced Utah Bankruptcy Lawyer To Do It Correctly.
Don’t Wait For Your Financial Situation To Get Worse. Call Green Legal Group Today To Schedule Your Free 30 Minute Consultation.
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Josh Green and his staff were incredible and professional. They were timely and responsive to our legal needs and questions. I highly recommend Green Legal Group with your legal needs. Josh helped us set up our trust, will and other legal matters. He is friendly and personable.
The Green Legal Group handle each of my three cases with delicacy, and performed strong when representing me during each case. I recommend them for difficulty cases, advocating fairness and justice, fighting legal matters on your behalf. They are transparent about their service and abilities. Best firm ever!
Green Legal Group
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