Berry & Tripp PC

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Berry & Tripp PC

Bankruptcy
There are two Chapters of bankruptcy that consumers use. Chapter 7, (commonly called “total” bankruptcy), and Chapter 13, which is a consolidation and repayment program. In Chapter 7 bankruptcy, a Trustee sells the debtor’s property (other than exempt property) and uses the sales proceeds to pay creditors. The result of a successful bankruptcy proceeding is a discharge in bankruptcy, which releases the debtor from payment of affected debts. Chapter 13, which consolidates debt, allows payments to be made for up to 5 years to pay off the consolidated debt. The plan suspends legal and collection actions against the debtor for the period it is in effect, and may also suspend such actions against persons who co-signed loans with the debtor.

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Extra Phones: TollFree: (800) 995-3050
Neighborhood: Downtown Price
Other Link: http://berrytripp.com
Categories: Bankruptcy Services, Attorneys, Bankruptcy Law Attorneys

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Phone: (435) 637-9600

Address: 107 E 100 N, Price, UT 84501

Website: http://berrytripp.com

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