Whether or not you file bankruptcy is an immensely personal decision.  At Udall, Shumway & Lyons PLC, we understand the serious nature of this decision and want to provide you with the information you need to feel confident that you are making the right choice.  

What is Bankruptcy?
People often use the term bankruptcy loosely to describe their financial circumstances.  However, bankruptcy is actually a legal process through which debtors can discharge their debts or create a repayment plan to eliminate their debts over a period of time.  In so doing, the U.S. Bankruptcy Code allows debtors to retain much of their property and possessions.

What Can Bankruptcy Do for Me?
Bankruptcy may make it possible for you to:

• Eliminate the legal obligation to pay most or all of your debts.  This is called a “discharge” of debts.  It is designed to give you a fresh financial start.

• Stop foreclosure on your house or mobile home and allow you an opportunity to catch up on missed payments. 

• Prevent repossession of a car or other property, or force the creditor to return property even after it has been repossessed.

• Stop wage garnishment, debt collection harassment, and similar creditor actions to collect a debt.

• Allow you to challenge the claims of creditors who have committed fraud or who are otherwise trying to collect more than you really owe.

Is Bankruptcy Right for Me?
The only way to find out if Bankruptcy is right for you is to schedule a free confidential consultation to review your options with one of our knowledgeable bankruptcy attorneys today!
 
Forms

• New Client Intake Packet

Attorneys working in this area: 

Matthew L. White

Larry A. Dunn