Vannova Legal provides full-service & zero down bankruptcy in Utah. We aggressively represent individual and business clients with Chapter 7, Chapter 13, and Chapter 11 bankruptcy services in contested and uncontested matters.

Why Vannova Legal

From the initial consultation you will understand the value of Vannova Legal’s breadth of bankruptcy experience. Vannova Legal bankruptcy attorneys first seek to understand your particular needs and help you determine if bankruptcy is right for you. We will also guide you through the various bankruptcy options, including Chapter 7, Chapter 13, and even Chapter 11. If bankruptcy is not right for you, we will recommend other options. We will never blindly put you in a Chapter 7 bankruptcy liquidation because it is expedient.

And after we file, we are skilled to represent you through every step of the bankruptcy process and to handle the unexpected. Many firms only file your bankruptcy petition and represent you at creditor meetings. Whether your case is simple or complex, you can be sure to receive efficient and cost effective bankruptcy help from Vannova Legal’s attorneys for Zero Down Bankruptcy Salt Lake City, UT.

Benefits of Bankruptcy

When bankruptcy is the right option for you, it provides a number of benefits including:

• Eliminate Debt
• Save Your Home
• Protect Your Assets
• Stop Foreclosure
• Stop Garnishment
• Stop Repossession
• Stop Creditor Harassment
• Consolidate Student Loans

Bankruptcy Chapters

Chapter 7
Chapter 7 bankruptcy is a liquidation bankruptcy for individuals and businesses. Under Chapter 7 of the Bankruptcy Code, a trustee is appointed to examine and direct the financial affairs of the debtor. All non-exempt property is sold and the proceeds are distributed to creditors. Exempt assets are retained by the debtor. Any remaining debt is “discharged”, or forgiven, giving the debtor an opportunity for a fresh start.

Chapter 13
Chapter 13 bankruptcy allows you to reorganize your debt and keep your home, car, and other valuable assets. It is designed for individuals with a regular income to catch up on their payments over a three to five year period. Chapter 13 is also typically suited for individuals who own a home and want to stay in their home.

Chapter 11
Chapter 11 bankruptcy usually results in reorganization of the debtor’s business or personal assets and debts, but can also be used for liquidation. It is primarily used by businesses but is also available to individuals, especially those who have substantial debts and do not qualify for a Chapter 13 bankruptcy. In most cases the bankruptcy filer acts as trustee and remains in control of its business operations.