Consumer Bankruptcy Lawyers in Logan, Utah

Find the right Consumer Bankruptcy attorney in Logan, UT

Bankruptcy is a legal process allowing an individual or business to have some or all of their debt discharged. It is almost always considered as a last resort because it can have some negative long-term consequences which must be considered, even if you ultimately decide that they are outweighed by the benefits. Since it's a product of federal law, bankruptcy is handled in federal courts. Therefore, the rules and procedures governing it in Utah will be the same as anywhere else in the country. Individual courts in Logan, Utah will have some unique rules, however, so you should consult with a local lawyer before you file.

Chapter 7 Bankruptcy in Logan, Utah

In Logan, Utah, there are 2 commonly-used forms of consumer bankruptcy: Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves a liquidation of some of the debtor's assets, which pays off part of his or her debt. Once this is done, the remaining debt is discharged. Fortunately for debtors, many types of property are exempt from liquidation, including homes, vehicles, essential personal items, and retirement accounts.

Once eligible assets are sold, and the money turned over to the creditors, most remaining debt is discharged. However, there are certain types of debt that cannot be discharged in bankruptcy, including student loans, taxes, child support, and criminal fines. If most of your debt is non-dischargeable, it may not be a good idea to file for bankruptcy in Logan, Utah.

Chapter 13 Bankruptcy in Logan, Utah

In Logan, Utah, Chapter 13 is quite different from Chapter 7. Chapter 13 may or may not be the best choice for you; this depends on the facts of your particular situation. Chapter 13 bankruptcy does not eliminate debt, it restructures it. This involves a court coming up with a new repayment plan designed to be manageable for the debtor. This new plan sets aside the terms of the original agreements that created the debt in the first place. This creates a new payment structure, usually involving a single monthly payment, that the debtor should find manageable.

Which Type of Consumer Bankruptcy Should I File in Logan, Utah

The answer to this question depends heavily on your individual situation. If you have enough steady income to manage a payment plan, and a lot of non-exempt property that you are unwilling to part with, Chapter 13 might be a good option. If you don't have much steady income, and most of your property is exempt, Chapter 7 might be better.

In any case, it would be a good idea to consult a local bankruptcy attorney in Logan, Utah. Your attorney can make an educated judgment as to what your best option is, and advise you accordingly (of course, the choice to file for bankruptcy is ultimately yours).

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Logan

Logan, Utah is a city located in Cache County. It currently has a population of around 49,000 people. Logan is the county seat of Cache County, Utah.

Logan was founded in 1859 by Mormon settlers who were sent tot he area by Brigham Young, to survey the area and assess its suitability for the construction of a fort. Logan was officially incorporated in 1866. Shortly thereafter, the Mormon settlers worked to establish a community, building a temple, and otherstructures they viewed as necessary.Logan, Utah grew from those humble origins.

Modernly, the Logan metropolitan area is ranked as one of the safest metropolitan areas in the country.

Logan, Utah currently has a highly diversified economy, which attracts professionals from many different disciplines. It is home to the main campus of Utah State University, which is a major driver of the city's economy. Logan is also home to several companies in the high-tech, manufacturing, and healthcare industries, which also help create an economic base.

As a result of its diversity and growth, the legal community in Logan, Utah is also very diverse and extensive. If you are facing any legal problem, chances are good that a Logan, Utah attorney can help.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Ian M.
Ian M.

Bankruptcy, Banking & Credit

Richboro, PA

Eddy H.
Eddy H.

Bankruptcy, Banking & Credit

San Mateo, CA

Howard B.
Howard B.

Bankruptcy, Banking & Credit

Rye Brook, NY