Bankruptcy Lawyer Centerville UT

bankruptcy attorney centerville utah

Personal Bankruptcy Lawyer Near Centerville UT

Ascent Law LLC (801) 676-5506 Free Consultation

bankruptcy attorney centerville utah
bankruptcy attorney centerville utah

How Can Getting a High-Paying Job Affect Your Bankruptcy Debt Settlement?

Chapter 13 bankruptcy

Whether or not you will get a debt settlement after filing Chapter 13 bankruptcy depends on how much money you earn each month. For instance, if you earn more than the median income of your state, it may be impossible to get a debt settlement in the first year. Regardless, you can begin to rebuild your credit sooner and start paying off your debts more quickly. However, you must be careful and cautious when applying for new credit. It’s best to avoid applying for new credit until you’ve been discharged. In the meantime, use the credit you have responsibly and pay off your balances every month.

Debt settlement works best when all your creditors agree to work with you. In a chapter 13 bankruptcy, you may keep some assets. However, if you have a regular income, it’s important to note that you cannot keep all your assets, including your home. In a chapter 13 bankruptcy, you will have to repay your debts over three to five years. However, if you are able to make your monthly payments, you might get a debt discharge.

Getting a high-paying job

There are several things you should know before getting a new job after filing for bankruptcy. First, you need to understand that your bankruptcy is a public record, and anyone can view it. While most people won’t try to look it up, employers who do background checks on job applicants will most likely find it. Second, you should always explain why you have filed for bankruptcy and what you’ve learned from it.

As a debtor, you should avoid making yourself an easy target for blackmailing, especially if you have a large debt load. Filing for bankruptcy makes it much less likely that you’ll fall prey to blackmail and other forms of harassment. Also, bankruptcy discharges your debts and makes them easier to manage. It’s important to remember that federal law prohibits discrimination against people who file for bankruptcy.

Chapter 7 bankruptcy

Chapter 7 bankruptcy is a form of liquidation bankruptcy, in which you can wipe out most or all of your outstanding debts. However, you will have to surrender some of your property to the bankruptcy trustee. Also, you will have to disclose your financial trouble, which may limit your job options.

Chapter 7 bankruptcy is not the only option available to individuals facing mounting debt. While it can be a relatively inexpensive process, it will still stay on your credit report for 10 years. If you are not able to afford your monthly payments, you may have to dip into your emergency or retirement savings.

Debt settlement

When it comes to dealing with unmanageable debt, bankruptcy, and debt settlement are often the best options. Both have their advantages and disadvantages. With bankruptcy, you lose your credit, but with a debt settlement, your creditors may be willing to work out terms with you. Debt settlement is often more favorable than bankruptcy, especially if you can afford to pay a large amount of money each month to avoid bankruptcy altogether. With debt settlement, your creditors may agree to forgive some of your debt, and you can often clear your debt in as little as 24 to 48 months. In addition, your debt can be settled for anywhere from 25% to 50 percent of the original amount.

Debt settlement companies often require that you keep special savings account for at least 24 months. These payments go toward a lump-sum settlement of your debt, but you may not be able to afford to make these payments for a long period of time. During this time, you will also be paying fees to the settlement company. If you cannot afford these payments, you may be forced to give up on the deal before it’s completed.

If you have any questions, you can get a free consultation with Ascent Law LLC:

Ascent Law LLC:
8833 South Redwood RoadSuite C
West Jordan, UT 84088
(801) 676-5506

When you need a Divorce Lawyer, contact this law firm:

Michael R. Anderson, JD

Ascent Law LLC
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States

Telephone: (801) 676-5506
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Centerville, Utah

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Centerville, Utah
City of Centerville
Centerville City Hall, August 2008

Centerville City Hall, August 2008


Making Life Better[1]
Location in Davis County and the state of Utah.

Location in Davis County and the state of Utah.
Coordinates: 40°55′37″N 111°52′48″WCoordinates40°55′37″N 111°52′48″W
Country United States
State Utah
County Davis

 • Mayor Clark Wilkinson

 • Total 6.03 sq mi (15.61 km2)
 • Land 5.96 sq mi (15.45 km2)
 • Water 0.06 sq mi (0.17 km2)

4,367 ft (1,331 m)

 • Total 15,335
 • Estimate 

 • Density 2,948.86/sq mi (1,138.52/km2)
Time zone UTC-7 (Mountain (MST))
 • Summer (DST) UTC-6 (MDT)
ZIP code
Area code(s) 385, 801
FIPS code 49-11980[5]
GNIS feature ID 1439622[3]

Centerville is a city in southeastern Davis CountyUtah, United States. It is part of the Ogden-Clearfield Metropolitan Statistical Area. The population was 15,335 at the 2010 census. It is located adjacent to the easternmost part of the Great Salt Lake.

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