Bankruptcy Lawyer Santa Clara UT

bankruptcy attorney Santa Clara Utah

Reasons Why People File For Bankruptcy If They Have Money to Pay Debt


Although it may seem strange to file for bankruptcy when you have the money to pay off your debt, many people have a difficult time coming up with the money to pay off their bills. The first step to avoiding filing for bankruptcy is to overhaul your budget. This means cutting out all unnecessary expenses and spending every single dollar you have on paying off your debt. It also means putting your wants on hold until you can get your debt under control. A financial advisor or nonprofit credit counseling service can help you develop a budget. These professionals can also offer additional solutions to help you pay off your debts.

Poor money management skills

Bankruptcy is a financial disaster that occurs when you do not manage your money properly. If you live paycheck to paycheck, you may not be able to handle unexpected expenses, like a car repair or a medical emergency. If you have multiple debts, you may not be able to pay them all.

Overreliance on credit card debt

Despite bankruptcy being a last resort, there are ways to reduce the damage done by debt. One way is to negotiate with your creditors. Another is to consider debt consolidation. If these two options aren’t successful, bankruptcy may be your best option.

Unsecured debts

Unsecured debts are the kind of debts that are not tied to any specific property. These include credit cards and medical debt. When people file for bankruptcy, they will be able to eliminate most of these debts. Unlike secured debts, which are tied to the borrower’s property, unsecured debts do not require collateral. They may be issued by a bank or a credit card company.

Chapter 13 bankruptcy

If you have money to pay your debts, you can file for chapter 13 bankruptcy. It is a type of bankruptcy where you can make payments over a period of three to five years. It is not for everyone, and the plan is not available to every debtor.

If you have any questions, you can get a free consultation with the Best Attorneys in Utah.

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


When you need a Bankruptcy 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
Ascent Law LLC

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Santa Clara, Utah

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Santa Clara, Utah
Santa Clara City Hall

Santa Clara City Hall
Location in Washington County and the state of Utah

Location in Washington County and the state of Utah
Coordinates: 37°8′13″N 113°38′57″WCoordinates37°8′13″N 113°38′57″W
Country United States
State Utah
County Washington
Settled 1854
Founded by Jacob Hamblin
Named for Santa Clara River

 • Total 6.13 sq mi (15.87 km2)
 • Land 6.12 sq mi (15.85 km2)
 • Water 0.01 sq mi (0.01 km2)

2,759 ft (841 m)

 • Total 7,553
 • Estimate 

 • Density 1,375.33/sq mi (531.03/km2)
Time zone UTC-7 (Mountain (MST))
 • Summer (DST) UTC-6 (MDT)
ZIP code
Area code 435
FIPS code 49-67660[4]
GNIS feature ID 1432234[2]

Santa Clara is a city in Washington CountyUtah, United States and is a part of the St. George Metropolitan Area. The population was 7,553 at the 2020 census, up from 6,003 at the 2010 census, and 4,630 at the 2000 census. The city is a western suburb of St. George.

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