Salt Lake City Bankruptcy Attorney

Located in the heart of downtown Salt Lake City, bankruptcy attorney Johnathan Duncan at Duncan Law, PC, helps consumers throughout Salt Lake, Utah, Weber and Davis counties make decisions about bankruptcy and find relief from creditor harassment. The recent economic crisis resulted in downturns in employment, the stock market and the housing market. Turning to credit cards, second mortgages and other forms of loans and credit can seem like a good short-term solution to make ends meet when your savings, assets and net worth suddenly lose value. However, an unanticipated event such as a job loss, divorce, or extended illness can make it impossible to meet monthly obligations. Debt piles up. Suddenly, the prospect of losing everything is on the horizon.

U.S. bankruptcy laws provide people with the means to take responsibility for their financial situation so they can move forward in a productive manner. There are two kinds of personal bankruptcy—Chapter 7 and Chapter 13. Duncan Law, PC, advises Salt Lake City clients about resolving their debt problems such as credit card payments, medical bills, or a mortgage foreclosure. Salt Lake City bankruptcy attorney Johnathan M. Duncan reviews each case to determine the most effective course of action and provides expert legal representation so your rights are protected and respected.

Salt Lake City Personal Bankruptcy Options

Bankruptcy law offers several different proceedings for personal debt, giving people the breathing room to organize their finances and make a fresh start with a clean slate.

• Chapter 7: Personal non-exempt assets are sold (liquidated), with the proceeds going to creditors, who then cancel (discharge) the debt. Consult with a good bankruptcy lawyer about your eligibility under the Salt Lake City means test. Chapter 7 bankruptcy can be the best option if you have overwhelming credit card or medical bills
• Chapter 13: All personal debts are tallied and a 3- to 5-year schedule of repayments is drawn up. Chapter 13 bankruptcy is often the best option if you are facing foreclosure on your home. There is no means test for Chapter 13

Deciding to declare bankruptcy is a serious decision that will affect your future credit rating. Johnathan M. Duncan is an experienced Salt Lake City bankruptcy lawyer and can help you decide which kind of debt relief is optimum for you.

Skilled Salt Lake City Bankruptcy Representation

Consumers in Salt Lake City and the surrounding counties are suffering the consequences of the economic recession, including a high rate of housing foreclosures and crippling medical bills. Duncan Law, PC, is dedicated to helping clients resolve a personal financial crisis. Our office is available for weekend or evening appointments, and we always go the extra mile to make sure that our clients receive the best possible advice and representation. If you need help with a bankruptcy, creditor harassment, or foreclosure issue, contact the Salt Lake City bankruptcy law office of Johnathan M. Duncan for a free consultation.