Chapter 7 Bankruptcy

Chapter 7 Bankruptcy is a process that entitles you to a fresh financial start. In a Utah Chapter 7 bankruptcy, individuals can wipe out many types of unsecured debt. Unsecured debt is debt that you do not have to put up collateral for, such as a debt incurred from a credit card, or medical bills.

Chapter 7 Bankruptcies are available to individuals, married couples, sole proprietorships, partnerships, and corporations. Debtors are required to attend a meeting of creditors approximately one month after a case is filed. 

The process for this type of bankruptcy usually takes about three to five months. Upon completion, the debtor’s includable debts are eliminated or discharged, meaning that the debtor no longer owes on those debts after the bankruptcy. Before you can file for a Chapter 7, you must go through credit counseling with an agency approved by the United States Trustee, and complete a debtor education course.


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Bankruptcy Benefits

Bankruptcy is the legal and ethical way to deal with debts that you cannot afford. There are different chapters, which may impact you differently.  Some of the benefits of bankruptcy include:


Debts Discharged in a Chapter 7 Bankruptcy

Most debts are dischargeable in a Chapter 7 bankruptcy, including medical bills, loans, credit cards, cash advances, and most judgments. However, there are some debts that may not be dischargeable, taxes, child support, student loans, criminal fines, debts not listed in the bankruptcy petition.


The following is a list of the property exempt in a Chapter 7 Bankruptcy:

Real PropertyPrimary Residence: $42,700 / $85,400 Other: $5,100 / $10,200
Clothing, except furs and jewelry; refrigerator, freezer, stove, microwave oven, washer, dryer, and sewing machine; health aids; food to last 12 months; beds and bedding; carpets; artwork done by, or depicting, a family member; burial plot; personal injury recoveries for yourself or a person you depend upon; wrongful death recoveries for a person you depended uponNo limit (reasonableness)
Motor Vehicle$3,000
Sofa, Chairs, and related furnishing for one household$1,000
Dining and kitchen tables for one household$1,000
Animals, books, and musical instruments$1,000
Heirlooms or other items of sentimental value$1,000
Tools of Trade$5,000
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Ascent Law Advantage
…get more information about working with Ascent Law to ensure you get the best representation possible
Experienced Bankruptcy Attorneys

Many bankruptcy attorneys in Utah may claim to know financial law well, but in fact their main focus is something entirely different. At Ascent Law, our team of Bankruptcy experts focus primarily on Bankruptcy law so that you receive the best advice and service available.

Payment Plans Available

Knowing that you are facing what can seem like insurmountable debt, it can seem impossible that hiring an attorney is within your means. We understand that fear, and regularly work with clients to arrange a payment plan that fits within their budget.

Chapters 7, 11, & 13

There are several types of bankruptcy allowed by the State of Utah and the Federal government, and sometimes it can be a challenge to determine which fits your specific circumstance. We will look at your records and decide which is best for you.

Free Initial Consultation

Having financial difficulties but unsure if there is a legal remedy? The bankruptcy experts at Ascent Law can take a look at your specific situation and help you look at any solutions that may be possible.

Negotiate IRS & State Tax Debt

We have vast experience with both local Utah tax authorities as well as the IRS. Our expert negotiators can get you the absolute lowest settlement amount so that you can pay off any government debt and move on with your life.

Rebuild Your Credit

Your credit and repairing your credit. As well as personal debt relief experts, we at Ascent Law of Utah have repeatedly worked with members of the local business community to eliminate debt.

Steps to get your case filed fast.
Filing Process
…Get your case filed fast by following these three easy steps!

Choose Your Payment

We let you choose a low cost upfront payment–that’s how committed we are to making filing bankruptcy as flexible as possible. Our goal is to making filing bankruptcy as simple, affordable, and convenient as possible. That’s why we’ve spent so much time finding ways to make it easier for you.


Provide Documents

Before we can file your case we will need copies of essential documents & information. You get this together now, so that  you have everything in order to file quickly.

  1. Copy of your driver’s license for each party filing.
  2. Copy of your social security card (or original W-2) for each party filing.
  3. The last 7 months of all pay for each party filing.
  4. Copies of your state and federal tax returns for the 2 most recent years filed.
  5. Completion of our Questionnaire.
  6. Completion of the credit counseling course (you will receive instructions in a subsequent email)

Stop Creditors

As soon as your case is file the bankruptcy automatic stay immediately becomes effective stopping garnishments, creditor harassment, repossession, foreclosure, eviction and other creditor collections.

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