Utah Chapter 7 Bankruptcy
Debtors that have a lot of non-protected property often want to avoid a chapter 7 bankruptcy because that property would likely be liquidated. Your house can even be liquidated in a chapter 7 bankruptcy if there is too much equity. More information on this can be found in the exemptions section of www.pearsonlawfirm.org.
The most important factor in determining whether you will even be allowed to file a chapter 7 bankruptcy is income. If you make more money than the IRS median income for a family your size then you may not qualify for a chapter 7 bankruptcy, and the decision will be made for you. Information on median income can be found in our Chapter 7 Bankruptcy section.
Utah Chapter 13 Bankruptcy
There are other things to consider when determining which chapter to file as well. Contact an experienced bankruptcy attorney in order to see what chapter is best for you and your situation.