What Is A Chapter 7 Bankruptcy? - (801) 903-2616 - Arnold & Wadsworth
Channel: Arnold & Wadsworth Attorneys At Law
Date: 2014-02-14

Salt Lake City Chapter 7 Bankruptcy Attorney http://www.arnoldwadsworth.com/

"My name is Matt Wadsworth and I am an attorney at Arnold & Wadsworth and over the next minute or so I am going to explain what a Chapter 7 Bankruptcy is. A Chapter 7 Bankruptcy is something that we call Straight Bankruptcy. It is really when we think of bankruptcy it is what we think of generally. It is where the bankruptcy court will appoint what's called a trustee which is just really a private attorney generally, like me. Who is given special authorization from the federal government basically, to act as a third party intermediary and this individual compiles all your non-exempt property and then distributes it to your creditors. That is a Chapter 7 Bankruptcy. If you complete the process successfully, if you are honest about it and you receive a discharge then you will no longer be under any obligation to pay your debts. If you are in a situation where you are being garnished or you are about to be garnished, or your car is about to be repossessed, or you are in the middle of a foreclosure or about to go into a foreclosure. Please give me a call anytime. We are happy to answer any questions that you may have and we do give free consultations."

Arnold & Wadsworth Salt Lake City Office
510 S 200 W, #200
Salt Lake City, UT 84101
(801) 903-2616

298 24th Street
Suite #230
Ogden, UT 84401
801.475.0123


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Salt Lake City Chapter 7 Bankruptcy
http://www.youtube.com/watch?v=FA88itO_UfQ