Layton Utah Bankruptcy Laywers / Attorneys

Layton Bankruptcy Lawyers is the bankruptcy site for Atty. Amy L. Butters – Attorney at Law in Layton — where anyone can come and get straightforward answers about Bankruptcy in Layton, Utah.

We routinely film videos that tackle questions people have (or SHOULD have) about Bankruptcy.

The purpose of this site is to answer questions about Bankruptcy in Layton, Utah so that WHEN you decide whether or not you need legal help you know what questions to ask and how to go about finding the best Bankruptcy Lawyers for you.

Our background is heavily focused on Foreclosure, Mortgage and Credit. We actually have Lenders on staff so we add a unique perspective to the topic since we can not only help you find the answers you need about your situation as it sits today, but we can talk to you about your future as well.

If you have a question that has not been answered here, please let us know about it and we will get in touch with you through whatever means you prefer, as we can speak directly, through email or a face to face consultation if you would like. And if its a new question, we will make a video to address that specific topic and post it to the website.

This is helpful as it not only helps us grow the answers that we offer (Because we are not going to think of everything) but it also helps others out because if you have this question it inevitable someone else will too.

What is Bankruptcy?

Bankruptcy is a form of legal protection that gives you a financial fresh start. Let’s talk about some of the specifics.

It is federal law that enables you to file for bankruptcy, but there are some state aspects too that affect the bankruptcy based on where you live. This is certainly something you want to talk to your lawyer about so that you understand how the state laws affect your bankruptcy.

Bankruptcy and Debt Relief - Layton Bankruptcy Lawyers

Now, filing your bankruptcy immediately stops your creditors’ attempts to collect debts from you. The way that it does that is by imposing what’s called an “automatic stay”. You don’t need to try and remember that, but I do want you to understand what it means and how it works. Think about an invisible wall or barrier that stops them from coming and collecting from you. Being that’s it’s called an “automatic stay”, one funny way that we use to remember it is we tell people to “think that your creditors are like dogs and we’re going to tell them ‘stay’”. We want them to stop foreclosing, stop garnishing, or whatever it is that they are doing to you while we figure it all out.

Bankruptcy laws help people who can no longer pay their creditors get a fresh start – by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect troubled businesses and provide for orderly distributions to business creditors through reorganization or liquidation.

Most cases are filed under the three main chapters of the Bankruptcy Code – Chapter 7, Chapter 11, and Chapter 13. Federal courts have exclusive jurisdiction over bankruptcy cases. This means that a bankruptcy case cannot be filed in a state court.