Bankruptcy offers financial relief, but many Utah residents hesitate to file because they fear losing their home, vehicle, or other essential property. The truth is, Utah law provides clear exemptions that allow you to protect crucial assets while resolving debt. At Mountain View Law Group, we help individuals throughout Ogden and the surrounding areas understand what they are legally entitled to keep during bankruptcy proceedings.
With the proper legal guidance, you can retain ownership of critical property and pursue a fresh financial start. Our attorneys are here to make sure the law works in your favor.
Utah’s bankruptcy exemption laws are designed to protect your basic living needs. These exemptions apply to both Chapter 7 and Chapter 13 filings and allow you to keep the following:
If you’re considering filing for bankruptcy, a bankruptcy attorney from our team can explain how each exemption applies to your specific assets.
Certain items fall outside Utah’s exemption protections and must be addressed through the bankruptcy process. These include:
These assets are subject to review and, in Chapter 7 cases, may be sold by the bankruptcy trustee. In Chapter 13, their value is factored into your repayment plan. A knowledgeable bankruptcy lawyer will account for all non-exempt property when building your filing strategy.
The structure of your bankruptcy determines how non-exempt property is handled. Under Chapter 7, the trustee liquidates non-exempt assets to pay creditors. In contrast, Chapter 13 allows you to retain all property while repaying creditors through a court-approved plan.
Clients who need to protect equity beyond Utah’s exemption limits often benefit from Chapter 13. This approach lets you keep your assets and pay the difference over time. An experienced bankruptcy attorney in Ogden, UT, can determine which chapter aligns with your financial goals and property holdings.
At Mountain View Law Group, we regularly help Utah residents keep their homes, vehicles, and retirement accounts while discharging overwhelming debt. In one recent case, a client facing foreclosure was able to halt the sale of their home and retain full ownership by filing Chapter 13 with our legal guidance. See more results on our Victories page.
If you’re worried about losing essential property, don’t wait. Visit our Practice Areas to see how our legal team can protect your interests and provide a clear way forward.
Before filing, it’s essential to review your financial situation thoroughly. Gather recent statements for all accounts, list out your assets, and identify any debts in collection. Avoid transferring or giving away property in the months leading up to filing, as the bankruptcy court closely scrutinizes those actions.
Our firm will help you create a complete and accurate filing, using every legal exemption available to protect your assets. You can initiate the process today by contacting us through our Contact Us page.
Bankruptcy law is clear, but its application depends on the details of your case. Working with a bankruptcy lawyer in Utah gives you the advantage of local knowledge and procedural accuracy. Our team understands how trustees evaluate filings in Ogden and how to present your case in the strongest possible light.
You can learn more about our attorneys’ backgrounds and experience by visiting the Attorney Team section of our site.
Utah bankruptcy law allows you to preserve essential property while addressing your debt. At Mountain View Law Group, we help clients maximize their benefits through careful and strategic filings. Whether you are pursuing Chapter 7 or Chapter 13, our firm will guide you through every step and ensure your most important assets stay in your hands. Contact us today to schedule a consultation and begin rebuilding your financial life.
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