Salt Lake City Bankruptcy Lawyers | Pit Falls

A Salt Lake City Bankruptcy Lawyer Can Help

If you aren't careful, there are many places to get into trouble while filing for bankruptcy. Our Salt Lake City bankruptcy lawyers don't want that to happen to you. Here are some hazards to look out for, and how a Salt Lake City bankruptcy lawyer will help you avoid them.

• Disclosing Assets: When you meet with your creditors you will present a list of your debts and assets. This list must be complete. A Salt Lake City bankruptcy lawyer will make sure you avoid trouble by checking these lists for completeness.
• Communal Property: The list of your assets needs to also include any assets that you share with another individual. Again, your Salt Lake City bankruptcy lawyer knows how tricky this can be and how to avoid these problems.
• Preference: The bankruptcy court will reclaim any payments on debts made to family members within a year prior to filing for bankruptcy as well as any payments made to creditors within 90 days prior to filing for bankruptcy.
• Credit Card Charges: The bankruptcy court will reclaim any purchase of $600 dollars or more made with a credit card within 90 days prior to filing for bankruptcy.
• Inheritances: The bankruptcy court will reclaim any non-exempt assets you have inherited within 120 days prior to filing for bankruptcy. A Salt Lake City bankruptcy lawyer will help you to protect these valuable assets from your creditors.
• Credit Courses: The bankruptcy court requires all debtors to complete a credit counseling course within 120 days prior to filing for bankruptcy. Your Salt Lake City bankruptcy lawyer will get you signed up to complete the course in time.

Consultation With a Salt Lake City Bankruptcy Lawyer

The best way to prepare for your bankruptcy is to meet with one of our Salt Lake City bankruptcy lawyers. Start by filling out an online bankruptcy evaluation for a free consultation today! Soon you can be living debt-free!

» Fill out a Free Online Evaluation