Save your home!

Chapter 13 of the Bankruptcy Code allows you to save your home from foreclosure. Foreclosure is a huge problem for a lot of Utahns. According to RealtyTrac’s third quarter/September 2011 U.S. Foreclosure Market Report, one in every 145 Utah households registered a foreclosure filing during the three-month period from July to September. When an economic downturn hits, the middle-class takes the brunt of the hardship. A job-loss, decreased income, or underemployment are problems that many of our fellow Utahns face.

The situation in Utah has improved in recent years, but the foreclosure numbers are still alarming. The rate was an 18 percent decrease from the previous period and nearly 39 percent lower than the third quarter of 2010.

The report showed foreclosure filings — default notices, scheduled auctions and bank repossessions — increased less than 1 percent from the previous quarter and declined 34 percent from the same period last year. Nationally, the report showed one in every 213 U.S. housing units with a foreclosure filing during the quarter.

When a person or married couple files for relief under Chapter 13, he/she can make up past due mortgage payments through a payment plan over a 3-5 year period. If you have vehicle loans, in many circumstances there is a way that you can reduce your loan amount to the actual value of the vehicle. You can also keep all of your property while you are going through the bankruptcy process. Chapter 13 has helped millions of Americans stay in their homes, substantially reduce their debt load, and eventually receive a discharge from much of their debt. If you, or someone you know, is on the brink of foreclosure- have them call our office. We can help!


About Jason

My name is Jason Richards, and I am an attorney in Northern Utah. I run my own practice and have offices in Ogden and North Salt Lake. I grew up in Ogden and attended local public schools. I graduated from the University of Utah Law School with a juris doctorate degree. My practice primarily centralizes on bankruptcy and debt collection. I also specialize in criminal defense and other areas of civil litigation. I represent clients who are suffering from crushing debt that seems hopeless. I have helped many people file for relief under Chapter 7 and Chapter 13 of the United States Bankruptcy Code. I have also helped dozens of clients renegotiate their debt and defend them in debt collection actions with ruthless creditors. If not dealt with promptly and aggressively, creditors will achieve their goal to collect. Bankruptcy is certainly not the solution for everyone. Everybody's situation is different. The best way for you to determine if it is right for you is by consulting with a local bankruptcy attorney. Bankruptcy has helped millions of Americans receive a fresh start and financial independence.
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