Chapter 13 Bankruptcy in Utah offers individuals a number of advantages over liquidation under Chapter 7. Chapter 13 can be a good solution for people who need time to pay off certain debts and who have enough income to meet the Chapter 13 requirements. Chapter 13 can also protect third-parties (“co-signers”) who are liable with the debtor on consumer debts.

Can I save my Home?
If you are facing foreclosure on your home in Utah, Chapter 13 provides a powerful remedy. You can keep your home by proposing a feasible repayment plan that includes your missed payments, as long as you stay current on your mortgage.

Can I Keep my Assets?
In a Chapter 13 bankruptcy in Utah, you get to keep all of your property regardless of its value, so long as you are able to pay your unsecured debtors the value of the property you would lose if you filed for Chapter 7 Bankruptcy.

Qualifications for a Chapter 13 Bankruptcy
Any individual is eligible for Chapter 13 Bankruptcy so long as the individual’s unsecured debts are less than $360,475.00 and secured debts are less than $1,081,400.00.

To find out if you are eligible for Chapter 13 Bankruptcy relief in Utah or if you have any questions about the services we provide, contact us by Phone at 866-297-3883 or email at info@shortsaleadvocate.cc.