Bankruptcy Lawyer Close To West Jordan Utah
The Role of a Bankruptcy Lawyer
A bankruptcy lawyer’s job is to help people file for bankruptcy. He or she will prepare the necessary paperwork, represent them in court, and deal with the bankruptcy trustee. A bankruptcy attorney must know the various laws concerning bankruptcy, including the federal bankruptcy code. You can find out more about the role of a bankruptcy attorney in this article.
They help debtors file for bankruptcy
Bankruptcy is an option for many people who are unable to pay their debts. It is a legal process in which a bankruptcy trustee reviews your finances to determine whether you have any property that can be sold to pay your creditors.
The bankruptcy process protects certain types of property, called exempt property. Exempt property includes your home, car, jewelry and stocks. Nonexempt property, on the other hand, is property that isn’t essential for your living, such as a luxury car, stocks, or vacation home.
Your bankruptcy lawyer will organize all your financial records and prepare the necessary paperwork. Most people worry that they are missing a crucial piece of paper, but an attorney will be able to track down and present all the relevant information. This can prevent creditor requests for a more in-depth examination of your finances. These requests are often made by creditors who believe that there is something hidden or that certain assets have not been claimed.
They prepare paperwork
If you have decided to file for bankruptcy, it is important to hire a lawyer to prepare the necessary paperwork. Bankruptcy paperwork is complicated and requires a lot of information. A bankruptcy lawyer will help you figure out which bankruptcy chapter to file for and what the tax implications will be. The lawyer will also help you fill out all the necessary forms and file them with the court.
A bankruptcy lawyer will prepare your bankruptcy paperwork by gathering information about your assets and your financial situation. You will also need to prepare a list of your assets. Some of the high-value assets that you should include in the list are guns, boats, trailers, second homes, and collectibles. Be sure to disclose all of your assets, including any money or property that you want to keep.
They represent them before a bankruptcy trustee
A bankruptcy trustee is an independent, third party who has certain powers. For example, the trustee can undo certain transfers of property and security interests, as well as set aside preferential transfers made to creditors 90 days before the bankruptcy filing. This makes it vital for a bankruptcy lawyer to represent their clients before the trustee.
A bankruptcy trustee gets a percentage of any money paid to creditors in a bankruptcy. In order to make this process fair to debtors, a bankruptcy trustee must follow a certain set of rules. The trustee cannot always look out for the debtor’s best interests. In addition, debtors must disclose information about their personal finances to the trustee in order to qualify for a bankruptcy. The trustee will then verify this information against other documents.
They help debtors deal with a bankruptcy trustee
A bankruptcy trustee reviews your finances to determine whether you have any assets that can be liquidated to pay off your creditors. Exempt property, such as your home and car, is protected from creditors, but nonexempt property can be sold to pay back your creditors. This includes jewelry, vacation homes, and stocks.
The trustee reviews your bankruptcy petition and collects and distributes the assets that aren’t exempt. He also acts as a negotiator between you and your creditors.
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
https://g.page/ascentlaw?share
https://www.ascentlawfirm.com/bankruptcy-lawyer/
When you need a Bankruptcy Lawyer, contact this law firm:
8833 S. Redwood Road, Suite C
West Jordan, Utah
84088 United States
Telephone: (801) 676-5506
Ascent Law LLC
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West Jordan, Utah
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West Jordan, Utah
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City
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Location in Salt Lake County and the state of Utah
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| Coordinates: 40°36′23″N 111°58′34″WCoordinates: 40°36′23″N 111°58′34″W | |
| Country | United States |
| State | Utah |
| County | Salt Lake |
| Settled | 1848 |
| Incorporated | 1941 |
| Named for | Jordan River |
| Government | |
| • Mayor | Dirk Burton [1] |
| Area | |
| • Total | 32.33 sq mi (83.73 km2) |
| • Land | 32.33 sq mi (83.73 km2) |
| • Water | 0.00 sq mi (0.00 km2) |
| Elevation | 4,373 ft (1,333 m) |
| Population
(2020)
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| • Total | 116,961 |
| • Density | 3,617.72/sq mi (1,396.88/km2) |
| Time zone | UTC−7 (Mountain (MST)) |
| • Summer (DST) | UTC−6 (MDT) |
| ZIP codes |
84081, 84084, 84088
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| Area code(s) | 385, 801 |
| FIPS code | 49-82950[3] |
| GNIS feature ID | 1434086[4] |
| Website | www |
West Jordan is a city in Salt Lake County, Utah, United States. It is a suburb of Salt Lake City and has a mixed economy. According to the 2020 Census, the city had a population of 116,961,[5] placing it as the third most populous in the state.[6] The city occupies the southwest end of the Salt Lake Valley at an elevation of 4,330 feet (1,320 m). Named after the nearby Jordan River, the limits of the city begin on the river’s western bank and end in the eastern foothills of the Oquirrh Mountains, where Kennecott Copper Mine, the world’s largest man-made excavation, is located.
Settled in the mid-19th century, the city has developed into its own regional center. As of 2012, the city has four major retail centers; with Jordan Landing being one of the largest mixed-use planned developments in the Intermountain West.[7] Companies headquartered in West Jordan include Mountain America Credit Union, Lynco Sales & Service, SME Steel, and Cyprus Credit Union. The city has one major hospital, Jordan Valley Medical Center, and a campus of Salt Lake Community College.
City landmarks include Gardner Village, established in 1850, and South Valley Regional Airport, formerly known as “Salt Lake Airport #2”. The airport serves general aviation operations as well as a base for the 211th Aviation Regiment of the Utah Army National Guard flying Apache and Black Hawk helicopters.
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