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Debtor Rights

Stokes Law PLLC | Protecting What You Value Most

Chapter 7 Bankruptcy

If you are looking to file bankruptcy, Chapter 7 bankruptcy is usually the first goal. This is because Chapter 7 bankruptcy, if done correctly, discharges all of your debt with a few exceptions. However, qualifying for Chapter 7 can be difficult if you have high income. When we meet with you, we will discuss how to qualify for Chapter 7, unfortunately it’s not just as easy as saying you make a certain amount of money. Rather, a lot of analysis, strategy, and calculation go into qualifying someone for Chapter 7.

Chapter 7 does have its down falls. It’s a liquidation bankruptcy. This means that any non-exempt assets are used to pay back creditors. However, Utah and Arizona have relatively strong exemptions. In many cases, debtors lose nothing because they simply don’t own enough property. The list of exemptions are long and can be complicated, but we will make sure you know if you have any unprotected property before you make what could be a mistake in filing a Chapter 7 bankruptcy.

Give us call today to set-up a free consultation to discuss your options in bankruptcy at (800) 681-1529.


We are a debt relief agency. We help Utah and Arizona individuals and businesses file for bankruptcy under the U.S. Bankruptcy Code. The information in this website is not intended as legal advice or to create an attorney-client relationship. The information, documents or forms provided herein are only intended for general information purposes and must not be regarded as legal advice. It is important that you seek legal counsel in order to ascertain your rights and obligations under the applicable law and based upon your specific circumstances.